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07.03.2016 11:38:11
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DGAP-News: KTG Energie AG
DGAP-News: KTG Energie AG reports record fiscal year
07.03.2016 / 11:38 The issuer is solely responsible for the content of this announcement.
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KTG Energie AG reports record fiscal year
- Company continues growth course - Revenues up by more than 25 % to EUR 89 million - EBITDA up from EUR 21.9 million to EUR 25.05 million - Free cash flow reaches EUR 5.0 million - Equity ratio lifted from 10.5% to 14% - Further earnings growth of 20% already secured for 2015/2016
Hamburg, March 7, 2016. KTG Energie AG set new record figures for revenues and earnings in fiscal 2014/2015: The audited annual financial statements for fiscal 2014/2015, ratified by the Supervisory Board in its financial statements meeting, affirms the KTG Energie Groups's sound growth. The Group raised overall performance by more than 25% to EUR 92.7 million (previous year: EUR 73.3 million), and revenues also increased by more than 25% to EUR 89 million (previous year: EUR 70.9 million). At the same time, EBITDA climbed to EUR 25.05 million (2013/2014: EUR 21.9 million). EBIT rose from EUR 11.9 million to EUR 13.3 million. The company generated its first ever positive free cash flow of EUR 5.0 million - despite significant sales growth of 25%. Annual net income of KTG Energie AG that is the key determinant for dividend came in at EUR 3.3 million. Activities in the fiscal year ended were also focused on increasing KTG Energie AG's equity base: Equity grew by 33% to EUR 34.8 million in fiscal 2014/2015 (2014/10/31: EUR 25.1 million); the equity ratio therefore advanced from 10.5% to around 14%.
EBITDA is set to grow by another 12% in the current fiscal year
"All key financials have developed well and in excess of planning. We want our shareholders to benefit from this development through higher dividend", as Dr. Thomas Berger, CEO of KTG Energie AG, stated. In the current 2015/2016 fiscal year, the Management Board anticipates revenues of more than EUR 90 million and EBITDA of up to EUR 28 million based on the current facility and system portfolio with an output of some 60 MW. "These earnings have already been secured. Today, we already have guaranteed remuneration rights to more than EUR 1.5 billion through to 2030 and beyond, as well as EBITDA potential of over EUR 450 million. Moreover, we intend to grow further in 2016 and acquire new biogas plants for our portfolio", as Berger went on to emphasize.
KTG Energie AG will be publishing its full annual report at the end of March.
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: weitzel@kommunikation-bsk.de
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07.03.2016 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 Energie AG Ferdinandstr. 12 20095 Hamburg Germany Phone: +49 40 76755372 Fax: +49 40 76755374 E-mail: info@ktg-energie.de 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 ---------------------------------------------------------------------------
442995 07.03.2016
DGAP-News: KTG Energie AG / Key word(s): Final Results KTG Energie AG reports record fiscal year
07.03.2016 / 11:38 The issuer is solely responsible for the content of this announcement.
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KTG Energie AG reports record fiscal year
- Company continues growth course - Revenues up by more than 25 % to EUR 89 million - EBITDA up from EUR 21.9 million to EUR 25.05 million - Free cash flow reaches EUR 5.0 million - Equity ratio lifted from 10.5% to 14% - Further earnings growth of 20% already secured for 2015/2016
Hamburg, March 7, 2016. KTG Energie AG set new record figures for revenues and earnings in fiscal 2014/2015: The audited annual financial statements for fiscal 2014/2015, ratified by the Supervisory Board in its financial statements meeting, affirms the KTG Energie Groups's sound growth. The Group raised overall performance by more than 25% to EUR 92.7 million (previous year: EUR 73.3 million), and revenues also increased by more than 25% to EUR 89 million (previous year: EUR 70.9 million). At the same time, EBITDA climbed to EUR 25.05 million (2013/2014: EUR 21.9 million). EBIT rose from EUR 11.9 million to EUR 13.3 million. The company generated its first ever positive free cash flow of EUR 5.0 million - despite significant sales growth of 25%. Annual net income of KTG Energie AG that is the key determinant for dividend came in at EUR 3.3 million. Activities in the fiscal year ended were also focused on increasing KTG Energie AG's equity base: Equity grew by 33% to EUR 34.8 million in fiscal 2014/2015 (2014/10/31: EUR 25.1 million); the equity ratio therefore advanced from 10.5% to around 14%.
EBITDA is set to grow by another 12% in the current fiscal year
"All key financials have developed well and in excess of planning. We want our shareholders to benefit from this development through higher dividend", as Dr. Thomas Berger, CEO of KTG Energie AG, stated. In the current 2015/2016 fiscal year, the Management Board anticipates revenues of more than EUR 90 million and EBITDA of up to EUR 28 million based on the current facility and system portfolio with an output of some 60 MW. "These earnings have already been secured. Today, we already have guaranteed remuneration rights to more than EUR 1.5 billion through to 2030 and beyond, as well as EBITDA potential of over EUR 450 million. Moreover, we intend to grow further in 2016 and acquire new biogas plants for our portfolio", as Berger went on to emphasize.
KTG Energie AG will be publishing its full annual report at the end of March.
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: weitzel@kommunikation-bsk.de
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07.03.2016 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 Energie AG Ferdinandstr. 12 20095 Hamburg Germany Phone: +49 40 76755372 Fax: +49 40 76755374 E-mail: info@ktg-energie.de 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 ---------------------------------------------------------------------------
442995 07.03.2016
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