04.05.2015 KTG Energie AG  DE000A0HNG53

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 Münster. The insolvency court in Münster 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: [email protected] --------------------------------------------------------------------------- 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: [email protected] 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 ---------------------------------------------------------------------------