DGAP-News: KTG Energie AG becomes dividend stock

DGAP-News: KTG Energie AG / Key word(s): AGM/EGM KTG Energie AG becomes dividend stock 19.06.2014 / 17:07 --------------------------------------------------------------------- KTG Energie AG becomes dividend stock - Shareholders' meeting decides on dividends of EUR.40 per share, dividend yield of 3.2% - Shareholders reward excellent business development with broad consensus at the shareholders' meeting Hamburg, June 19, 2014 - KTG Energie AG (ISIN: DE000A0HNG53) was able to present impressive figures to the shareholders at this year's general meeting. The biogas company was able to considerably increase sales and earnings both in the past stub period of 2013 as well as in the first half of 2013/2014 (November through April). The expansion target of 50 MW is expected to be reached at the end of July 2014, one year earlier than originally planned, meaning that around 500,000 people can be supplied with base-loadable, carbon-neutral and sustainable energy from biogas. The shareholders rewarded the sound business performance with a broad consensus during the resolutions. All resolutions were passed with more than 99% of the voting capital present. KTG Energie AG will therefore distribute its first dividend of EUR0.40 per share just less than two years after becoming listed on the stock market. Based on today's Xetra rate for the KTG Energie share at EUR12.33 (10:00 a.m.), this corresponds to a dividend yield of 3.2%. For subsequent years, the Executive Board is also aiming for a continuously increasing dividend. "For our future growth, we want to utilize acquisition opportunities, optimize existing plants and develop additional earnings by constructing biogas plants, utilizing agricultural waste material and positioning ourselves in the market for mobile heat", explains Dr. Thomas R. G. Berger, CEO of KTG Energie AG. "These are growth opportunities that we can implement despite the substantial cuts in the Renewable Energy Act. It's incomprehensible for us that legislation does not recognize and appropriately support the potential of a base-loadable, sustainable energy source that could also reduce dependency on gas imports". All resolutions met with broad consensus The Executive and Supervisory Boards were ratified by the shareholders' meeting, each with 100% of the voting capital. The audit firm Morzynski & Partner GmbH, Hannover, was elected as the annual auditor. The shareholders' meeting also approved an anticipatory resolution for the issue of convertible and/or warrant bonds or profit-sharing rights in the amount of up to EUR75 million. If the Executive Board makes use of this authorization, conversion or option privileges on shares at a pro rata amount of up to EUR3 million on capital stock could be granted for these. The shareholders' meeting consented to the creation of conditional capital in the same amount to exercise these conversion and option privileges. Successful business performance and positive outlook In the stub period of 2013 (January through October), the biogas company more than doubled sales to EUR50.9 million in comparison with the same period in the previous year and increased the operative result (EBITDA) by 97% to EUR13.2 million. In the first half of 2013/2014 (November through April) KTG Energie AG increased sales, after preliminary figures, by 38% to EUR29.882 million in comparison with the same period in the previous year. EBITDA rose by 34% to EUR8.5 million, while EBIT increased by 34% to EUR5.5 million. The Executive Board upgraded its forecast for the current fiscal year, in view of the positive business trend in the first half-year, and is now expecting sales of at least EUR65 million, an EBITDA of at least EUR18 million and an EBIT of at least EUR11.5 million. About KTG Energie AG KTG Energie AG, based in Hamburg, is specialized in the production of renewable energies from renewable raw materials. To this end, the company has been operating biogas plants in Germany since 2006 and covers the entire value added chain from the planning and construction to the operation of the systems. Sales quantities are guaranteed through the Renewable Energy Act (EEG) for a period of 20 years at fixed conditions. Today, over a quarter of a million people are already supplied with clean, environmentally-friendly energy. As a subsidiary of the agricultural company KTG Agrar AG, the supply of renewable raw materials - particularly catch crops, grass and straw - is guaranteed in the long term. KTG Energie currently employs around 65 staff and has more than doubled sales volume in the short fiscal year 2013 (January through October), in comparison with the previous year, to EUR50.9 million and increased the operating result (EBITDA) by 97% to EUR13.2 million. The company has been listed on the Frankfurt Stock Exchange since 2012. More information: www.ktg-energie.de Contact Investor Relations / Presse Tobias M. Weitzel BSK Becker+Schreiner Kommunikation GmbH Phone: +49 2154-81 22 16 E-mail: weitzel@kommunikation-bsk.de End of Corporate News --------------------------------------------------------------------- 19.06.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: KTG Energie AG Ferdinandstr. 12 20095 Hamburg Germany Phone: +49 40 76755372 Fax: +49 40 76755374 E-mail: info@ktg-energie.de Internet: www.ktg-energie.de ISIN: DE000A0HNG53, DE000A1ML257, WKN: A0HNG5, A1ML25 Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Frankfurt in Open Market (Entry Standard) End of News DGAP News-Service --------------------------------------------------------------------- 274443 19.06.2014