DGAP-News: KTG Energie AG acquires biogas plants with a

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

May 4, 2015 at 9:00 AM

DGAP-News: KTG Energie AG acquires biogas plants with a capacity of 7.5 MW and wants to increase sales volume to EUR100 million

KTG Energie AG / Key word(s): Mergers & Acquisitions/Change in Forecast 04.05.2015 14:53 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- KTG Energie AG acquires biogas plants with a capacity of 7.5 MW and wants to increase sales volume to EUR100 million - Sales volume to increase by EUR12 million from 2015/2016 - Sales base of the plant portfolio will reach more than EUR90 million from 2015/2016 - EBITDA base to rise to between EUR28 and EUR29 million Hamburg, May 4, 2015 - KTG Energie AG (ISIN: DE000A0HNG53) has acquired three biogas sites with a total capacity of 7.5 MW. With this growth in plant capacity, KTG Energy will achieve an additional sales volume of EUR12 million and an additional EBITDA of between EUR3 and EUR4 million per year after the integration phase. The favorable remuneration in accordance with the Renewable Energy Act 2009/11 is guaranteed beyond 2030 for these plants. The three sites in Brandenburg are supplied with substrates by the KTG Agrar Group and local farmers. KTG Energie will optimize the plants in order to achieve comparatively high capacity utilization, as in its own plant park. The plants are being sold by the insolvent AC Biogas Group in MÃ¼nster. The insolvency court in MÃ¼nster has already agreed to the acquisition by KTG Energie AG. Sales to rise to EUR100 million in 2015/2016 Overall, KTG Energie's production capacity will grow to over 60 MW through the takeover. A considerable increase in sales volume is also expected for the current fiscal year - the company is already reckoning with sales of over EUR80 million and EBITDA of EUR26 million for fiscal year 2014/2015. With the existing plant portfolio alone and after the integration of the acquired sites, the already secured sales base will grow to over EUR90 million and the EBITDA base will increase to between EUR28 and EUR29 million from fiscal year 2015/2016. The Executive Board sees excellent opportunities of increasing sales volume to EUR100 million in fiscal year 2015/2016 by expanding the existing portfolio and through further acquisitions. Sales volume and earnings have increased fourfold since 2011 CEO Dr. Thomas Berger: "The takeover shows that attractive growth in the secure Renewable Energy Act market is still possible. The sites fit in perfectly with our production network - we will organize plant optimization, service and monitoring very effectively. Compared with 2011, we have increased the sales and earnings of KTG Energie AG more than fourfold". At the end of the current fiscal year, the production capacity is forecasted to lie at around 25% higher than at the IPO in 2012. "The feed-in tariff, which is guaranteed for twenty years, as well as the guaranteed purchase, secure our own future sales volumes and earnings, so that our business model is built on an extremely solid foundation and enables attractive dividends", says Berger. "We will start immediately to adapt the plants as quickly as possible to our proficiency level and integrate them into our organizational processes", says COO Christian Heck. "This acquisition has enabled us to establish KTG Energie AG as the market leader in biogas production and thus No. 1 in Germany. We have thus achieved this long-term goal earlier than planned", says Dr. Berger. Contact Investor Relations / Presse 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 implements an integrated, sustainable business model, in which the production of renewable commodities is not in competition with foodstuff production. At the end of July 2014, KTG Energie AG employed a staff of 79 and operated biogas plants with a total capacity of 60 MW, which feed processed biogas directly into the natural gas grid and simultaneously use biogas for power production. This will provide a guaranteed sales base of EUR90 million and an EBITDA base of between EUR28 and EUR29 million from fiscal year 2015/2016. 04.05.2015 The DGAP 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: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Yellow Phosphorus Market Set for Growth to $6.21B

What's Cooking in the Phosphorus Market? Kicking off with some seasoning for your thoughts. Picture this: yellow phosphorus isn't just another chemical compound sitting quietly in a lab fridge. Nope, we've got an industrial powerhouse here, folks. Projected to leap from USD 4.84 billion in 2026 to a hearty USD 6.21 billion by 2031, this market's chugging along at a decent...

From Battlefield to Kitchen: Veterans Bolster Dining

Honoring Military Culinarians: Unsung Heroes Some might overlook the connection between military service and the culinary world, but let me tell you, it's a tight bond. These service members turn their battlefield grit into culinary gold, managing to keep the wheels turning in our beloved food industry. Every Veterans Day, it's the perfect time to shine a light on their...

Marketing Maven Hosts Claude Workshop for Small Biz

Diving into Claude for Business Out in Ventura County, California, there's a buzz about a fresh, no-cost workshop on deck. Marketing Maven's Lindsey Carnett and Design Main Street's Will Hsiao are teaming up to crack open the potential of Claude for small businesses. And let me tell you, this ain't your typical Monday seminar—it's setting up to provide the golden...

Simtra Invests $250M in Major Expansion at Bloomington

Simtra BioPharma's Big Leap Forward Simtra BioPharma Solutions is making waves with their hefty $250 million investment, debuting their substantial expansion in Bloomington, Indiana. Building H isn't just another upgrade; it's a key piece in their ambitious strategy to bolster their sterile injectable manufacturing capacity. Lovers of big biotech moves, this one's worth...

Slim Chickens Redefines TV Dinners with Smart TV Orders

Slim Chickens Takes Over Your Living Room Folks, it looks like the couch just became a whole lot more than a place to binge-watch shows. Slim Chickens is shaking things up by letting you order your favorite wings and tenders right from the Samsung Smart TV home screen in Northwest Arkansas. This hell of a move takes fast-casual dining to a whole new level, mixing the...

Zura Bio Faces Tough Road After Trial Failure

Investor Dilemma: ZURA Takes a Nosedive November 9, 2026, wasn't a day to remember for anyone holding shares in Zura Bio. If ever there's a classic lesson in biotech investing's volatility, this is it: shares of Zura Biotech (NASDAQ:ZURA) cratered by about 72% after news broke that their much-hyped Phase 2 TibuSHIELD trial for tibulizumab hit the skids. For a company that...

Kemin Unveils LYSOFORTE ENFUSIO at EuroTier 2026

Rollin' up to EuroTier 2026 with all its buzz—a place where big players in livestock production flex their muscles—Kemin Industries dropped a new ace in the feed deck: LYSOFORTE ENFUSIO. They're betting this bad boy will shake things up for poultry and pig nutritionists looking to maximize what's already on their plate without piling on more grain or feed costs....

ADNOC Gas Doubles Q3 Net Income, Eyes $4B Year-end

ADNOC Gas Fires Up Q3 Results with a Double Income Just when you think the market's throwing curveballs, ADNOC Gas comes swinging with a solid double on their net income compared to last quarter. Now that's turning some serious heads. Cranking out $1.34 billion in net income for Q3, they've effectively doubled their performance from just the prior quarter. Operational...

Quantinuum & RIKEN Propel Japan's Quantum Leap Forward

Quantum Computing: Japan's Bold New Frontier Quantum computing's buzz is getting louder, and the big players like Quantinuum and RIKEN ain't sitting on their hands. They've rolled up their sleeves to ramp up Japan's quantum-AI supercomputing game with the recent beef-up of Quantinuum's Reimei to its H2 system, putting Japan at the cutting edge of hybrid computing. The...

Caladan and NextBlock's Move Expands Crypto Liquidity

Partnership to Expand Digital Asset Liquidity Looks like Caladan and NextBlock just threw their hats in the ring to shake up South Korea’s institutional digital asset market. These two big guns have cooked up a strategic collaboration, aiming to bring more global liquidity into the mix. Dive into what this means for the digital asset scene in South Korea. Why This Move...