DGAP-News: KTG Energie AG: Sales and earning growing more

KTG Energie AG / Key word(s): Half Year Results 22.07.2014 14:56 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- KTG Energie AG: Sales and earning growing more strongly than planned - Sales increase by 49% to EUR32.1 million in the first half-year - EBITDA rises by 57% to EUR9.9 million - Expansion to 50 MW system power fully on track - Further growth planned through acquisitions and new market segments Hamburg, July 22, 2014 -KTG Energie AG (ISIN: DE000A0HNG53) has increased its sales by 49% to EUR32.1 million in the first half of 2013/2014 (November through April) in comparison with the same period in the previous year. EBITDA improved by 57% to EUR9.9 million, while EBIT rose by more than 37% to EUR5.6 million, and the result after tax increased tenfold from EUR0.1 million to EUR1 million. Forecast once again increased "In the first half-year, we developed even better than expected and can therefore once again increase the forecast for the entire year", says Dr. Thomas Berger, CEO. Based on the strong performance in the first half-year, the company increased its forecast for the current fiscal year on June 17. The Executive Board is now expecting sales of over EUR65 million, EBITDA of EUR19.5 to EUR20.5 million as well as EBIT of EUR12 to EUR12.5 million. Additional sales through retroactive settlement of bonuses A retroactive credit in the amount of EUR30.1 million has been received from an energy supplier in the operative sales of biogas systems. This credit has been billed after the evaluation of environmental reports in year-end accounting in the amount of EUR1.5 million. Based on experts' verifications, these bonuses can be billed in future. EBITDA is also increasing accordingly. This effect is reflected proportionately in EBIT, due to the higher - in comparison with the previous year - scheduled depreciation of additional biogas systems that have, in the meantime, been capitalized. Sales and earnings base to enjoy vigorous growth In the current fiscal year, KTG Energie has focused completely on expanding the capacity of its systems. The capacity is to increase from 43 megawatt currently to 50 megawatt by July 31, 2014. "We will achieve our goal of 50 MW more than a year earlier than originally planned and will thus secure the favorable feed-in tariff from the prevailing EEG 2012 for 20 years from implementation", explains CEO Dr. Thomas Berger. The sales base, guaranteed on the basis of the EEG amendment, will thus increase to over EUR75 million per year, while the EBITDA base will increase to considerably more than EUR20 million. "Thanks to the earnings secured in the long-term, we will achieve our goal of developing into attractive dividend-paying stock even earlier than originally planned", says Berger. Further growth planned through acquisitions and new market segments In future, KTG Energie wants to increase growth through favorable acquisition opportunities, additional optimization potential of existing systems and new opportunities on the market for mobile heater transfer, as well as through the construction of biogas systems that utilize agricultural residue and biological waste. Berger: "We even foresee very good opportunities in the short-term to further expand our sales and earnings base by acquiring existing systems that we can substantially optimize". KTG Energie AG's Interim Report on the first half of 2013/2014 (German version) can be viewed on the company's homepage at www.ktg-energie.de in the area Investor Relations under "Dokumente". Key figures at the first half-year <pre> 1st HY 2013/2014 1st HY % var. Abs. var. KTG Energie AG in mill. EUR 2012/2013 in mill. EUR Sales 32.1 21.5 +49% +10.6 EBITDA 9.9 6.3 +57% +3.3 EBIT 5.6 4.1 +37% +1.5 </pre> Contact Investor Relations / Press Tobias M. Weitzel BSK Becker+Schreiner Kommunikation GmbH Phone: +49 2154-8122 16 E-mail: weitzel@kommunikation-bsk.de --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: 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 69 staff. In the short fiscal year 2013, the company more than doubled sales volume to EUR50.9 million, in comparison with the first ten months of the previous year (January through October 2012: around EUR23 million). The operative result (EBITDA) improved by 97% to EUR13.2 million (January through October 2012: EUR6.7 million), while EBIT increased to EUR8 million. The individual company KTG Energie AG achieved a profit of over EUR3 million, of which it distributed almost 80% as a dividend to shareholders (EUR0.40 per share). The company has been listed on the Frankfurt Stock Exchange since 2012. 22.07.2014 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 Announcement DGAP News-Service ---------------------------------------------------------------------------