DGAP-News

Warburg Research starts coverage of KTG Agrar SE with buy recommendation

DGAP-News: KTG Agrar SE / Key word(s): Research Update
Warburg Research starts coverage of KTG Agrar SE with buy
recommendation

02.02.2015 / 09:40

---------------------------------------------------------------------

Warburg Research starts coverage of KTG Agrar SE with buy recommendation

Hamburg, 2 February 2015. Warburg Research has started to cover KTG Agrar
SE (ISIN: DE000A0DN1J4). The first recommendation is "buy" with a target
price of EUR 20.20 (XETRA closing price on 29 January 2015: EUR 14.20).

The Warburg analysts highlighted the following aspects:

- Company benefits from a unique symbiosis of the individual business
segments

- Extended value chain minimises market risks

- Company has passed from the growth phase to the harvesting phase

- Cultivation of large areas in Germany and abroad enables positive
economies of scale

- Clear upside resulting from the realisation of hidden reserves

According to the study, sales revenues will increase to EUR 309 million by
2016 (2013: EUR 165 million), with earnings before interest and taxes
(EBIT) projected to rise to EUR 42 million (2013: EUR 24 million). Earnings
per share are expected to climb to EUR 2.24 (2013: EUR -0.22).

The full study is available for downloading at
www.ktg-agrar.de/en/ir/analysen.

About KTG Agrar SE
With cultivable land of approx. 45,000 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 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, potatoes, soy 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 and Biozentrale Naturprodukte, KTG has expanded the value
chain by the production of food since 2011. In the year 2013, KTG achieved
a total output of EUR 205.3 million and EBIT of EUR 23.9 million. Since
November 2007 the company is listed on the Frankfurt Stock Exchange and had
775 employees at year end 2013. Further information can be found at
www.ktg-agrar.de

Contact
Investor Relations / Press
Fabian Lorenz
IR.on AG
Phone: [phone] - 6
E-mail: [e-mail]



---------------------------------------------------------------------

02.02.2015 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

---------------------------------------------------------------------


Language: English
Company: KTG Agrar SE
Ferdinandstr. 12
20095 Hamburg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.ktg-agrar.de
ISIN: DE000A0DN1J4, DE000A1H3VN9, DE000A1ELQU9, DE000A11QGQ1,
WKN: A0DN1J , A1H3VN, A1ELQU, A11QGQ
Indices: HASPAX
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München
(m:access), Stuttgart; Frankfurt in Open Market (Entry
Standard)


End of News DGAP News-Service
---------------------------------------------------------------------
318409 02.02.2015