17.05.2016 09:02:26
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DGAP-News: KTG Energie AG
DGAP-News: KTG Energie AG: Creditreform confirms stable outlook
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: weitzel@kommunikation-bsk.de
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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: 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 ---------------------------------------------------------------------------
463829 17.05.2016
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: weitzel@kommunikation-bsk.de
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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: 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 ---------------------------------------------------------------------------
463829 17.05.2016
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