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24.05.2016 19:41:51
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DGAP-News: KTG Agrar SE
DGAP-News: KTG Agrar SE successfully defied the challenging market environment for the agricultural sector in 2015
- Operating result up EUR 4.4 million to EUR 59.0 million
- Growth driven by Bio-Zentrale and carbon-neutral energy production
- Concentration on healthy eating: organic, vegan, vegetarian
- Refinancing process fully to plan
Hamburg, 24 May 2016. As a leading agricultural producer, KTG Agrar SE (ISIN: DE000A0DN1J4) continued its sustainable operation with determination in 2015. The year 2015 showed how unpredictable the global agricultural markets can be and how important it is to have a diversified business model. 2015 was characterised by strong harvests across the globe and, consequently, by low product prices. At the same time, however, draughts led to considerably reduced harvests in individual regions, most importantly the once-in-a-century draught in Romania, and even Germany recorded harvests below the statistical average. While such developments are an exception, they may happen after all. Building on over 20 years experience in large-scale farming, KTG Agrar has prepared itself for such situations and made comprehensive investments, e.g. as much as EUR 300 million in the energy segment alone. This allowed the company to successfully defy the challenging market environment in the agricultural sector. At EUR 326.5 million, Group sales revenues were up by 39% on the previous year and clearly passed the EUR 300 million mark for the first time. The dynamic growth was driven by carbon-neutral energy production, conventional farming and the strong performance of Bio-Zentrale. On the earnings side, KTG increased its operating result (EBITDA) from EUR 54 million to EUR 59 million. In spite of this challenging market environment, the company generated a positive result for the year of EUR 3.6 million (previous year: EUR 6.4 million).
"The present business model of KTG Agrar is unique in that it combines the production of high-quality food "from field to the plate" with the generation of renewable energy. This protects us from fluctuations in the prices of agricultural products." says Siegfried Hofreiter, CEO of KTG Agrar SE. "Following years of investment and expansion - during which we have increased our sales revenues more than twentyfold from EUR 15 million to over EUR 300 million since the IPO in 2007 2015 - we started the optimisation and consolidation phase in 2015. Just like the preceding investment phase, this process will take several years. In 2016, we will therefore be challenged to leverage further synergies in the interaction between our individual business segments, to develop new markets and to optimise our financial and net worth position."
Aim: Focus on healthy eating: niche markets generating billions in revenues worldwide Going forward, KTG will focus even more strongly on attractive niche and growth markets, with the main emphasis on healthy food. This trend will continue to influence and drive the industry in Germany and abroad also in the coming years. This primarily includes the demand for organic and vegan products. Germany's organic food and drinks industry alone generated revenues in excess of EUR 8.6 billion in 2015. This represents an increase by 11% on the previous year and is the highest growth rate since 2008. Similar developments can be observed across the globe. KTG's "biozentrale" brand benefited disproportionately from this trend, with sales revenues rising by almost 20% to approx. EUR 54 million. This momentum is expected to continue in 2016. In the first four months of the current financial year, Bio-Zentrale's sales revenues already exceed the prior year level by far.
Besides organic food, there are three other positive and exciting trends for our company: regional, vegetarian and vegan food. KTG Agrar has got what it takes to meet these consumer requirements and to grow with them. The company produces high-quality agricultural commodities and food in the heart of Europe. Over the past years, KTG has gained a market-leading position in GMO-free soya, which forms the basis for a vegetarian diet and is in short supply in the world market
Aim: Optimising the financial and net worth position As described above, KTG Agrar benefits from the massive investments made in the past years. Moreover, the financing conditions, which were acceptable for the growth phase, today offer huge potential for optimisation, and the company intends to leverage this potential. During the optimisation phase, KTG Agrar will exploit long-term refinancing possibilities in 2016, building on the value of its assets, i.e. the biogas plants, which have a secured EBITDA base of up to EUR 28 million thanks to the EEG, food production and numerous agricultural properties.
Siegfried Hofreiter says: "This year will clearly see us focus on refinancing the Bio-Wertpapier II bond, which will mature in June 2017. We initiated the refinancing process at an early stage and are proceeding fully to plan. Talks with international investors have meanwhile been put into more concrete terms as the first letters of intent have been signed. We expect such transactions to result in an attractive refinancing." KTG Agrar plans to present the refinancing package in autumn 2016, a good 9 months prior to maturity.
About KTG Agrar SE With cultivable land of approx. 46,000 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 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 2015, KTG Agrar SE achieved total sales of EUR 327 million and an EBITDA of EUR 59 million. The company has been listed on the Frankfurt Stock Exchange since November 2007 and employed around 800 staff at year end 2015. Further information can be found on the company's website at www.ktg.ag. Contact Press / Investor Relations Fabian Lorenz T: +49 221 96024256 E: presse@ktg-agrar.de
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24.05.2016 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. Archive at 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 ---------------------------------------------------------------------------
466345 24.05.2016
DGAP-News: KTG Agrar SE / Key word(s): Final Results
KTG Agrar SE successfully defied the challenging market environment for the
agricultural sector in 2015
24.05.2016 / 19:41
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
KTG Agrar SE successfully defied the challenging market environment for the
agricultural sector in 2015
- Group sales revenues climb EUR 92.4 million to EUR 326.5 million
- Operating result up EUR 4.4 million to EUR 59.0 million
- Growth driven by Bio-Zentrale and carbon-neutral energy production
- Concentration on healthy eating: organic, vegan, vegetarian
- Refinancing process fully to plan
Hamburg, 24 May 2016. As a leading agricultural producer, KTG Agrar SE (ISIN: DE000A0DN1J4) continued its sustainable operation with determination in 2015. The year 2015 showed how unpredictable the global agricultural markets can be and how important it is to have a diversified business model. 2015 was characterised by strong harvests across the globe and, consequently, by low product prices. At the same time, however, draughts led to considerably reduced harvests in individual regions, most importantly the once-in-a-century draught in Romania, and even Germany recorded harvests below the statistical average. While such developments are an exception, they may happen after all. Building on over 20 years experience in large-scale farming, KTG Agrar has prepared itself for such situations and made comprehensive investments, e.g. as much as EUR 300 million in the energy segment alone. This allowed the company to successfully defy the challenging market environment in the agricultural sector. At EUR 326.5 million, Group sales revenues were up by 39% on the previous year and clearly passed the EUR 300 million mark for the first time. The dynamic growth was driven by carbon-neutral energy production, conventional farming and the strong performance of Bio-Zentrale. On the earnings side, KTG increased its operating result (EBITDA) from EUR 54 million to EUR 59 million. In spite of this challenging market environment, the company generated a positive result for the year of EUR 3.6 million (previous year: EUR 6.4 million).
"The present business model of KTG Agrar is unique in that it combines the production of high-quality food "from field to the plate" with the generation of renewable energy. This protects us from fluctuations in the prices of agricultural products." says Siegfried Hofreiter, CEO of KTG Agrar SE. "Following years of investment and expansion - during which we have increased our sales revenues more than twentyfold from EUR 15 million to over EUR 300 million since the IPO in 2007 2015 - we started the optimisation and consolidation phase in 2015. Just like the preceding investment phase, this process will take several years. In 2016, we will therefore be challenged to leverage further synergies in the interaction between our individual business segments, to develop new markets and to optimise our financial and net worth position."
Aim: Focus on healthy eating: niche markets generating billions in revenues worldwide Going forward, KTG will focus even more strongly on attractive niche and growth markets, with the main emphasis on healthy food. This trend will continue to influence and drive the industry in Germany and abroad also in the coming years. This primarily includes the demand for organic and vegan products. Germany's organic food and drinks industry alone generated revenues in excess of EUR 8.6 billion in 2015. This represents an increase by 11% on the previous year and is the highest growth rate since 2008. Similar developments can be observed across the globe. KTG's "biozentrale" brand benefited disproportionately from this trend, with sales revenues rising by almost 20% to approx. EUR 54 million. This momentum is expected to continue in 2016. In the first four months of the current financial year, Bio-Zentrale's sales revenues already exceed the prior year level by far.
Besides organic food, there are three other positive and exciting trends for our company: regional, vegetarian and vegan food. KTG Agrar has got what it takes to meet these consumer requirements and to grow with them. The company produces high-quality agricultural commodities and food in the heart of Europe. Over the past years, KTG has gained a market-leading position in GMO-free soya, which forms the basis for a vegetarian diet and is in short supply in the world market
Aim: Optimising the financial and net worth position As described above, KTG Agrar benefits from the massive investments made in the past years. Moreover, the financing conditions, which were acceptable for the growth phase, today offer huge potential for optimisation, and the company intends to leverage this potential. During the optimisation phase, KTG Agrar will exploit long-term refinancing possibilities in 2016, building on the value of its assets, i.e. the biogas plants, which have a secured EBITDA base of up to EUR 28 million thanks to the EEG, food production and numerous agricultural properties.
Siegfried Hofreiter says: "This year will clearly see us focus on refinancing the Bio-Wertpapier II bond, which will mature in June 2017. We initiated the refinancing process at an early stage and are proceeding fully to plan. Talks with international investors have meanwhile been put into more concrete terms as the first letters of intent have been signed. We expect such transactions to result in an attractive refinancing." KTG Agrar plans to present the refinancing package in autumn 2016, a good 9 months prior to maturity.
About KTG Agrar SE With cultivable land of approx. 46,000 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 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 2015, KTG Agrar SE achieved total sales of EUR 327 million and an EBITDA of EUR 59 million. The company has been listed on the Frankfurt Stock Exchange since November 2007 and employed around 800 staff at year end 2015. Further information can be found on the company's website at www.ktg.ag. Contact Press / Investor Relations Fabian Lorenz T: +49 221 96024256 E: presse@ktg-agrar.de
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24.05.2016 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. Archive at www.dgap.de
---------------------------------------------------------------------------
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 ---------------------------------------------------------------------------
466345 24.05.2016
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