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22.03.2016 08:30:01
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DGAP-News: KTG Agrar SE
DGAP-News: KTG Agrar SE: 4th KTG Future Day marked by open dialogue
Hamburg/Frankfurt, 22 March 2016. On the occasion of the 4th Future Day hosted by KTG Agrar SE (ISIN: DE000A0DN1J4), the company welcomed some 75 capital market specialists and business partners in Frankfurt. The Management Board of KTG Agrar seized the opportunity to explain to the participants the logic of the integrated approach as a modern, integrated agricultural company building on three strong pillars, i.e. farming, food and energy. The company also confirmed its operational targets and reported on the refinancing process.
"Looking at the good half-year figures and the excellent financial year of our subsidiary, KTG Energie, we confirm our forecast for the year 2015," said Siegfried Hofreiter, CEO of KTG Agrar SE. "Our optimisation and harvesting phase is proceeding fully to plan and we are excellently positioned for the upcoming refinancing exercise." The bond issued by KTG in 2015 already showed that the company's refinancing exercises are implemented professionally and completed early. This will also be the case with the bond maturing in June 2017. The Management Board has dealt with this topic already since late 2015. At present, the company is reviewing options in Germany and abroad. The refinancing package is to be finalised by autumn 2016, i.e. a good nine months before maturity, showing that the company is well on track in this process.
KTG Energie plays an important role in the KTG Group's refinancing. In the financial year 2014/2015, KTG Energie posted a record result and generated its first free cash flow. Thanks to its highly predictable business model, KTG Energie today already has guaranteed compensation rights of over EUR 1.5 billion until 2030 and an EBITDA potential of over EUR 450 million. This potential can be exploited already today.
Says Siegfried Hofreiter: "The positive feedback received to our » from field to plate « strategy encourages us to continue on this way with determination. 2016 will see us reach important milestones in the form of the diversification of the distribution channels in the food segment and the refinancing exercise."
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 states of Lithuania and Rumania. KTG Agrar SE has been expanding the value chain since 2011 and added food production to its business portfolio. The brands Frenzel Tiefkühlkost, Bio-Zentrale Naturprodukte, Ölmühle Naturoel Anklam and Die Landwirte are under the umbrella of KTG Foods SE. Since 2015 the KTG Group is maintaining a sales office in Shanghai. In the year 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 Press / Investor Relations Fabian Lorenz T: +49 221 29831588 E: presse@ktg-agrar.de
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22.03.2016 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 Agrar SE Ferdinandstr. 12 20095 Hamburg Germany Phone: +49 (0)40-303 76-47 Fax: +49 (0)40-303 76-799 E-mail: presse@ktg-agrar.de 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 ---------------------------------------------------------------------------
447413 22.03.2016
DGAP-News: KTG Agrar SE / Key word(s): Miscellaneous
KTG Agrar SE: 4th KTG Future Day marked by open dialogue
22.03.2016 / 08:30
The issuer is solely responsible for the content of this announcement.
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KTG Agrar SE: 4th KTG Future Day marked by open dialogue
- Operational targets confirmed
- Refinancing process making progress
Hamburg/Frankfurt, 22 March 2016. On the occasion of the 4th Future Day hosted by KTG Agrar SE (ISIN: DE000A0DN1J4), the company welcomed some 75 capital market specialists and business partners in Frankfurt. The Management Board of KTG Agrar seized the opportunity to explain to the participants the logic of the integrated approach as a modern, integrated agricultural company building on three strong pillars, i.e. farming, food and energy. The company also confirmed its operational targets and reported on the refinancing process.
"Looking at the good half-year figures and the excellent financial year of our subsidiary, KTG Energie, we confirm our forecast for the year 2015," said Siegfried Hofreiter, CEO of KTG Agrar SE. "Our optimisation and harvesting phase is proceeding fully to plan and we are excellently positioned for the upcoming refinancing exercise." The bond issued by KTG in 2015 already showed that the company's refinancing exercises are implemented professionally and completed early. This will also be the case with the bond maturing in June 2017. The Management Board has dealt with this topic already since late 2015. At present, the company is reviewing options in Germany and abroad. The refinancing package is to be finalised by autumn 2016, i.e. a good nine months before maturity, showing that the company is well on track in this process.
KTG Energie plays an important role in the KTG Group's refinancing. In the financial year 2014/2015, KTG Energie posted a record result and generated its first free cash flow. Thanks to its highly predictable business model, KTG Energie today already has guaranteed compensation rights of over EUR 1.5 billion until 2030 and an EBITDA potential of over EUR 450 million. This potential can be exploited already today.
Says Siegfried Hofreiter: "The positive feedback received to our » from field to plate « strategy encourages us to continue on this way with determination. 2016 will see us reach important milestones in the form of the diversification of the distribution channels in the food segment and the refinancing exercise."
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 states of Lithuania and Rumania. KTG Agrar SE has been expanding the value chain since 2011 and added food production to its business portfolio. The brands Frenzel Tiefkühlkost, Bio-Zentrale Naturprodukte, Ölmühle Naturoel Anklam and Die Landwirte are under the umbrella of KTG Foods SE. Since 2015 the KTG Group is maintaining a sales office in Shanghai. In the year 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 Press / Investor Relations Fabian Lorenz T: +49 221 29831588 E: presse@ktg-agrar.de
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22.03.2016 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 Agrar SE Ferdinandstr. 12 20095 Hamburg Germany Phone: +49 (0)40-303 76-47 Fax: +49 (0)40-303 76-799 E-mail: presse@ktg-agrar.de 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 ---------------------------------------------------------------------------
447413 22.03.2016
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