12.05.2016
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DGAP-News: KTG Energie AG focuses on consistent dividend policy
DGAP-News: KTG Energie AG / Key word(s): Dividend
KTG Energie AG focuses on consistent dividend policy
12.05.2016 / 09:00
The issuer is solely responsible for the content of this announcement.
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KTG Energie AG focuses on consistent dividend policy
- Company proposes a dividend of EUR 0.46 per share
- Proposal equates to dividend yield of 4.8%
- Shareholders shall optionally receive attractive share dividend
Hamburg, 12 May 2016. The Executive Board and Supervisory Board of KTG
Energie AG decided to propose a dividend of EUR 0.46 per share to this
year's Shareholders' Meeting (previous year: EUR 0.45). Based on the
current share price (EUR 9.53), the proposal represents a dividend yield of
4.8%. The proposal reflects the company's positive business performance and
continues its consistent dividend policy. After EUR 0.40 for the short
financial year 2013 and EUR 0.45 for the 2013/2014 financial year, the
company now also wishes to allow shareholders to participate in the biogas
specialist's profitable growth trajectory in the 2014/2015 financial year.
As in the previous year, a proposal has been made which would allow
shareholders to choose between having the dividend paid out in shares or in
cash. The Shareholders' Meeting will vote on the proposal on 22 June. In
the previous financial year, KTG Energie AG increased revenues by over 25%
to EUR 89 million (previous year: EUR 70.9 million) and EBITDA to EUR 25.05
million (2013/2014: EUR 21.9 million). Net profit came in at around EUR
4.479 million.
"We are honouring our dividend promise with this proposal. With the
anticipated third payout in succession, we are underscoring the positioning
of the KTG Energie share as a sustainable dividend-bearing security",
explained Dr. Thomas Berger, CEO at KTG Energie AG. KTG Energie also
performed impressively in every respect operationally: "Not only did we
achieve further profitable growth in the 2014/2015 financial year, we are
also on the right track for 2015/2016," continued Dr. Berger. Based on the
current plant portfolio, we have already secured revenues of over EUR 90
million and EBITDA of up to EUR 28 million for the current year. The
company is also planning further acquisitions.
KTG Energie currently possesses plant capacity of over 60 MW. Secured
revenues and the feed-in remuneration guaranteed for 20 years from
commissioning provide KTG Energie AG with a high degree of planning
security. The positive free cash flow achieved in the previous 2014/2015
financial year also increases the company's financial room for manoeuvre to
acquire existing biogas plants for the expansion of its own portfolio and
to further increase its existing secured revenues and earnings base.
About KTG Energie AG
KTG Energie AG is committed to an integrated, sustainable business model in
which the production of renewable commodities does not compete with
foodstuff production. With 85 employees at the end of 2015, KTG Energie AG
operated biogas plants with a total capacity of more than 60 MW, which both
feed processed biogas directly into the natural gas grid and use biogas for
power production. From fiscal year 2015/2016, this will result in a secured
sales base of up to EUR90 million and an EBITDA base of up to EUR28
million.
Contact:
Investor Relations / Press
Tobias M. Weitzel
BSK Becker+Schreiner Kommunikation GmbH
Phone: +49 2154-8122 16
E-mail: [email protected]
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12.05.2016 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,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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 News DGAP News Service
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