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KTG Agrar SE reports successful 2014 harvesting season
DGAP-News: KTG Agrar SE / Key word(s): Miscellaneous/Issue of Debt
KTG Agrar SE reports successful 2014 harvesting season
16.09.2014 / 11:04
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KTG Agrar SE reports successful 2014 harvesting season
- Grain harvest completed with high yields
- More than 50% of harvest pre-sold at high prices
- Extended value chain is paying off
- 10/15 bond: Interest has been paid; conversion offer open until 24
September
Hamburg, 16 September 2014. KTG Agrar SE (ISIN: DE000A0DN1J4) has
successfully completed its 2014 grain harvest. The agricultural company has
reaped more then 100.000 tons of rye, barley, rapeseed and other grains in
eastern Germany and Lithuania. The harvest from the company's more than
1,000 hectares of potato fields is in the process of being completed
successfully as well, with excellent yields being reported. "We are highly
satisfied with the 2014 season, although volume is only one side of the
coin," says Siegfried Hofreiter, CEO of KTG Agrar SE. "Volatile prices are
the other. To manage this equation in the best possible way and to generate
profits, we constantly build on our farming expertise and activities. We
have done so very successfully for the past 20 years."
At the beginning of the year KTG Agrar locked in the high prices by
pre-selling more than 50 percent of the expected harvest. In addition, the
company's sufficient storage capacity enables it to hold on to the rest of
the harvest until winter; this means it does not have to sell during the
harvest season when the prices of agricultural commodities tend to soften.
In addition to the proven policy of partial pre-selling and partial
retention in storage, KTG Agrar has extended its value chain in recent
years. For instance, the company now processes almost its complete potato
harvest internally. Siegfried Hofreiter explains: "Our "from field to
plate" strategy is paying off. Instead of selling our potatoes cheaply, we
process them into delicious fry-up meals and hash-browns which we sell
directly to retailers." In 2011 KTG Agrar took over Ölmühle Anklam and
Frenzel Tiefkühlkost, a company with the long tradition, as well as
Bio-Zentrale Naturprodukte; moreover the company has constructed a modern
fresh produce facility on the outskirts of Berlin. This set-up now enables
the group to fill supermarket shelves with regionally produced foods from
potatoes to ready meals, from muesli to GM-free soy oil.
The integrated production of agricultural commodities, clean energy and
internally manufactured food products is a genuine USP for KTG Agrar. Says
Siegfried Hofreiter: "Following on from our initial investment phase, we
- Grain harvest completed with high yields
- More than 50% of harvest pre-sold at high prices
- Extended value chain is paying off
- 10/15 bond: Interest has been paid; conversion offer open until 24
September
Hamburg, 16 September 2014. KTG Agrar SE (ISIN: DE000A0DN1J4) has
successfully completed its 2014 grain harvest. The agricultural company has
reaped more then 100.000 tons of rye, barley, rapeseed and other grains in
eastern Germany and Lithuania. The harvest from the company's more than
1,000 hectares of potato fields is in the process of being completed
successfully as well, with excellent yields being reported. "We are highly
satisfied with the 2014 season, although volume is only one side of the
coin," says Siegfried Hofreiter, CEO of KTG Agrar SE. "Volatile prices are
the other. To manage this equation in the best possible way and to generate
profits, we constantly build on our farming expertise and activities. We
have done so very successfully for the past 20 years."
At the beginning of the year KTG Agrar locked in the high prices by
pre-selling more than 50 percent of the expected harvest. In addition, the
company's sufficient storage capacity enables it to hold on to the rest of
the harvest until winter; this means it does not have to sell during the
harvest season when the prices of agricultural commodities tend to soften.
In addition to the proven policy of partial pre-selling and partial
retention in storage, KTG Agrar has extended its value chain in recent
years. For instance, the company now processes almost its complete potato
harvest internally. Siegfried Hofreiter explains: "Our "from field to
plate" strategy is paying off. Instead of selling our potatoes cheaply, we
process them into delicious fry-up meals and hash-browns which we sell
directly to retailers." In 2011 KTG Agrar took over Ölmühle Anklam and
Frenzel Tiefkühlkost, a company with the long tradition, as well as
Bio-Zentrale Naturprodukte; moreover the company has constructed a modern
fresh produce facility on the outskirts of Berlin. This set-up now enables
the group to fill supermarket shelves with regionally produced foods from
potatoes to ready meals, from muesli to GM-free soy oil.
The integrated production of agricultural commodities, clean energy and
internally manufactured food products is a genuine USP for KTG Agrar. Says
Siegfried Hofreiter: "Following on from our initial investment phase, we
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