17.05.2016
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DGAP-News: KTG Energie AG: Creditreform confirms stable outlook
DGAP-News: KTG Energie AG / Key word(s): Rating
KTG Energie AG: Creditreform confirms stable outlook
17.05.2016 / 09:02
The issuer is solely responsible for the content of this announcement.
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KTG Energie AG: Creditreform confirms stable outlook
- Company's BB+ (watch) rating confirmed at BB+
- Financial key figures improved
- Low-risk business model
- Long-term predictability and secure earnings
Hamburg, 17 May 2016. In its annual ratings review, Creditreform Rating AG
has confirmed its rating for KTG Energie AG as BB+. In doing so, the rating
agency acknowledges that the company enjoys a satisfactory financial
standing with a stable outlook for the year ahead. The experts took a
positive view of the improved financial key figures, the low-risk business
model and the completion of the construction stage of the biogas plants.
In a recent update of its own system of ratings on 2 May 2016, Creditreform
Rating amended its rating for KTG Energie AG from BB+ to BB+ (watch).
However, even under the new system, the agency has now confirmed its BB+
rating (satisfactory financial standing) and acknowledged the company's
stable outlook. This assessment was also and in particular influenced
favourably by the company's positive annual financial statements, the
positive free cash flow and improved financial figures as well as the
performance of the biogas plants and the payment guarantee secured under
the Renewable Energies Act.
Summing up in its report, the agency commented that thanks to the company's
low-risk business model with secure supply and remuneration, there are no
fluctuations to be expected in performance or profitability. With the
integration of new plants and possible acquisitions, there may well be a
further improvement in the earnings situation.
The rating summary drafted by Creditreform Rating AG for KTG Energie AG is
available for inspection on the KTG Energie AG website under the Investor
Relations heading.
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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17.05.2016 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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