Ktg Agrar Ag announces surge in earnings and increased dividend for 2012

01.07.2013  |  DGAP
KTG Agrar AG announces surge in earnings and increased dividend for 2012

- High investments of the past years paying off
- EBIT +96% to EUR 29.5 million; total output +50% to EUR 168.2 million
- Planned dividend increase of approx. 12% to EUR 0.20 per share
- Farmland totals 39,100 hectares at YE 2012, of which 9,600 hectares are
owned by the company
- Profitable growth to be continued in 2013

Hamburg, 1 July 2013. The fiscal year 2012 shows that KTG Agrar AG's (ISIN:
DE000A0DN1J4) 'from the field to the plate' strategy is effective and that
the high investments made over the past years are increasingly paying off.
In FY 2012, the company boosted its total output by 50% from EUR 112.2
million to EUR 168.2 million and increased its sales revenues by 42% from
EUR 77.5 million to EUR 110.2 million. The operating result even soared by
96% from EUR 15.0 million to EUR 29.5 million. Net income for the year
climbed from EUR 1.2 million to EUR 8.4 million. This figure includes
one-time expenses for the bond issue and the IPO of the subsidiary, KTG
Energie. The distributable profit amounted to EUR 15.6 million (previous
year: EUR 8.0 million) and operating cash flow reached EUR 7.6 million. KTG
wants its shareholders to benefit from this profitable growth in the form
of a higher dividend. At the upcoming Annual General Meeting, the company
will propose a dividend increase of approx. 12% to EUR 0.20 per share.

'The trend in 2012 shows where KTG Agrar will be heading in the coming
years - definitely forward,' says Siegfried Hofreiter, CEO of KTG Agrar AG.
'We started to extend our value chain significantly through the generation
of green energy already back in 2006 and today produce energy for some
300,000 people. Since 2011, we have additionally extended our value chain
in the food sector.' In the food segment, KTG Agrar boosted its sales
revenues by 96.2% to EUR 17.3 million in 2012. 'Over the next two to three
years, this segment will be expanded profitably to sales revenues of more
than EUR 100 million.' Revenues from the generation of green energy climbed
50% to EUR 32.0 million. The company has grown dynamically also in the
farming sector. Revenues in the conventional farming segment rose by 52% to
EUR 34.9 million, with sales in the organic farming segment up by 42% to
EUR 10.2 million.

Farmland - a profitable and crisis-proof asset
Apart from extending its value chain, KTG Agrar continued to make high
investments in the most important asset of an agricultural company - its
farmland. Arable land is a limited resource worldwide as it cannot be
multiplied; due to the constant growth in the world population and the
growing global energy requirements, it will become even more precious in
future. Experts believe that the global arable land per person will almost
halve by the year 2050. This makes farmland one of the most attractive
investments. At the end of 2012, KTG Agrar produced healthy food and clean
energy on a total of 39,100 hectares, up from 35,900 hectares at the end of
2011. Of this total, 9,600 hectares are owned by the company (previous
year: 7,800), with the rest leased under long-term contracts. Says
Siegfried Hofreiter: 'Organic and conventional farming has been our core
business for a good 20 years. In addition, the reserves in excess of EUR 50
million which are hidden in our farmland due to the value gains of the past
years are like a savings account for our company. Every year we pay into
this account - in the form of further value gains and acquisitions.'

Sustainable and profitable growth to be continued in 2013
KTG Agrar will continue its sustainable and profitable growth also in 2013.
The farming segment will cultivate its products on an additional 3,200
hectares, and the plants have grown well so far. 'The floods in east
Germany are having no impact on our positive harvest forecast,' says Ulf
Hammerich, KTG Agrar's Board member in charge of the farming segment. 'We
benefit from the geographic diversification of our farmland - from
Thuringia to Brandenburg to Lithuania. Thanks to the well-balanced crop
rotation, the high levels of precipitation are not a problem, either. In
fact, maize is growing especially well this year.' The dynamic growth in
the food segment will also continue. Frenzel Tiefkühlkost, which was taken
over in 2011, has managed the turnaround and is developing new products. In
addition, the company is building a state-of-the-art packaging facility for
fresh produce such as potatoes, carrots and onions just outside Berlin - an
area that is home to 3.5 million consumers.

Early 2013 saw KTG Agrar acquire a stake in Bio-Zentrale with a view to
expanding its activities in the organic food segment. Building on this
successful positioning, KTG Agrar intends to increase its sales in the food
segment alone to over EUR 100 million over the next few years. The energy
segment will also continue to boost its sales revenues based on the
existing biogas plants and will aggressively expand its production
capacity. Says Siegfried Hofreiter: '2013 will see KTG continue to expand
dynamically in existing and into new regions. Having passed the 100 million
euro revenue mark in 2012, we will target the 250 million euro mark in the
next two to three years.'

The 2012 Annual Report of KTG Agrar AG will be published today at 10 pm on
the company's website.

About KTG Agrar
With cultivable land of more than 39,000 hectares, KTG Agrar AG (ISIN:
DE000A0DN1J4) is one of the leading producers of agricultural commodities
in Europe. As an integrated supplier, the company produces agricultural
commodities and 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, maize and rapeseed. For organic market products
KTG Agrar is the European market leader. The company mainly produces in
Germany but has also operated production in the EU member state of
Lithuania since 2005. As a result of the takeover of Frenzel Tiefkühlkost
in 2012, KTG has expanded the value chain by the production of food. In the
year 2012, KTG achieved a total output of EUR 168 million and EBIT of EUR
29.5 million. Since November 2007 the company is listed on the Frankfurt
Stock Exchange and has currently about 600 employees. Further information
can be found at www.ktg-agrar.de.

Contact
Investor Relations / Presse
Fabian Lorenz
IR.on AG
Phone: +49 221 914097-6
E-mail: fabian.lorenz@ir-on.com


End of Corporate News

Unternehmen: KTG Agrar AG - ISIN: DE000A0DN1J4
Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Internal server error

A problem has occurred on our server!

Page is currently unavailable

We are working on a fix
Please come back soon ...

Error : Error: Object of class News_artikelMeta could not be converted to string

Backtrace: