20.08.2015
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DGAP-News: KTG Agrar SE has good start to the 2015 harvesting season
DGAP-News: KTG Agrar SE / Key word(s): Miscellaneous/Bond
KTG Agrar SE has good start to the 2015 harvesting season
20.08.2015 / 07:45
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KTG Agrar SE has good start to the 2015 harvesting season
- Farmland diversification paying off
- Prices at good levels
- Outlook: Growth drivers Energy and Food with strong first half
Hamburg, 20 August 2015. KTG Agrar SE (ISIN: DE000A0DN1J4) has had a good
start to the 2015 harvesting season. Over the past weeks, the agricultural
company harvested crops such as wheat, spelt, rye, barley and rapeseed on
some 15,000 hectares in Germany, benefiting from the farmland
diversification in East Germany.
Half way through the harvest, Siegfried Hofreiter, CEO of KTG Agrar SE, is
satisfied with the results so far: "East Germany was not hit quite as hard
by the drought as southern and central Germany. Moreover, our farms are
spread throughout Germany, from Erfurt in the south to the Baltic Sea
island of Usedom in the north of the country. Taking into consideration the
mix of quantities, qualities and prices, we are satisfied with the first
half of the harvesting season. Some of our farms have harvested more than
10 tons of wheat and 5 tons of rapeseed per hectare." As expected, harvests
will be 10 to 15 percent below the record levels of the previous year,
which should be more than offset by higher prices.
In 2015, KTG Agrar cultivated over 52,000 hectares of farmland in East
Germany, Lithuania (leased and own land) as well as Romania (farm
management). In the coming weeks, the company will not only bring in
organic soy, sugar beet and maize but also speciality crops such as
potatoes, carrots and onions. KTG also clearly benefits from Europe's
largest irrigation system, which the company has installed in Nonnendorf.
The 2015 harvesting season will end in late autumn, when millet will be
harvested as a catch crop for the production of biogas. Far more than half
of the clean energy produced by KTG is generated from catch crops,
agricultural waste and grasses. The result is clean food and clean energy
from one field.
An increasing share of the 2015 harvest will be processed and refined »From
field to plate« at KTG Agrar's own facilities in Anklam, Manschnow,
Ringleben and Linthe. The products will then be marketed under the brands
Frenzel Tiefkühlkost, biozentrale and Die Landwirte. Launched in 2011, the
strategy of offering food from field to plate from a single source has been
very successful. Sales in the food segment have risen to above EUR 100
million in 2014 and should increase to EUR 120 million in 2015. At the
world's leading food fair ANUGA in October, KTG's brands will again present
numerous product innovations.
As announced, the food and energy segments will be the growth drivers in
2015. The food segment has performed ahead of forecasts in the first six
month of the year already. The KTG Energie has already issued strong sales
and earnings growth for the first half of the year. Therefore, KTG Agrar
reaffirms the outlook for the full year: Strengthening of the equity
capital by increasing sales and earnings. Group sales will pass the EUR 250
million mark this year and increase to EUR 500 million within the next
three years. Most of the necessary investments have already been made by
the company in recent years.
About KTG Agrar SE
With cultivable land of over 45,000 hectares, KTG Agrar SE (ISIN:
DE000A0DN1J4) is one of the leading producers of agricultural commodities
in Europe. As an integrated supplier, the company produces agricultural
commodities, renewable energy and food. The Hamburg-based company's core
area of expertise is the organic and traditional cultivation of market
products such as cereals, potatoes, soy and rapeseed. KTG Agrar is the
European market leader in organic market products. The company mainly
produces in Germany but since 2005 also in the EU member state of
Lithuania. Through the takeover of the companies Frenzel Tiefkühlkost and
Bio-Zentrale Naturprodukte, KTG Agrar SE has been expanding the value chain
since 2011 and added food production to its business portfolio. In 2014,
KTG Agrar SE achieved a total output of EUR 297.7 million and an EBIT of
EUR 37.1 million. The company has been listed on the Frankfurt Stock
Exchange since November 2007 and employed more than 1,000 staff at year end
2014. Further information can be found on the company's website at
www.ktg.ag.
Contact:
Investor Relations / Press
Fabian Lorenz
T: +49 221 29831588
E: [email protected]
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20.08.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
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Language: English
Company: KTG Agrar SE
Ferdinandstr. 12
20095 Hamburg
Germany
Phone: +49 (0)40-303 76-47
Fax: +49 (0)40-303 76-799
E-mail: [email protected]
Internet: www.ktg-agrar.de
ISIN: DE000A0DN1J4, DE000A1H3VN9, DE000A1ELQU9, DE000A11QGQ1,
WKN: A0DN1J , A1H3VN, A1ELQU, A11QGQ
Indices: HASPAX
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich (m:access), Stuttgart; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News-Service
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