DGAP-News

KTG Agrar SE continues harvesting phase reporting profit growth for first half of 2015

DGAP-News: KTG Agrar SE / Key word(s): Half Year Results
KTG Agrar SE continues harvesting phase reporting profit growth for
first half of 2015

30.09.2015 / 12:28

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KTG Agrar SE continues harvesting phase reporting profit growth for first
half of 2015

- Sales up by +13.2% to EUR 113.2 million
- EBITDA up by +20.2% to EUR 29.8 million; EBIT up by +13.7% to EUR 19.9
million
- Focus on optimisation of internal structures
- Outlook: company's sights remain set on half a billion Euros in sales

Hamburg, 30 September 2015. The first half of 2015 has seen KTG Agrar SE
(ISIN: DE000A0DN1J4) consequently continuing the investment harvest and
optimisation phase launched last year. The farming company reports Group
sales up by 13.2% from EUR 100.0 million to EUR 113.2 million. The biggest
contributions to growth were made by the Food and Energy segments. Revenues
from the sale of electricity and heat generated rose from EUR 32.1 million
by 14.3% to EUR 36.7 million. Sales in the food segment climbed by 18.2%
from EUR 50.1 million to EUR 59.3 million. Sales in the Farming segment
during this seasonally weaker first half (the crops are still on the fields
on 30 June) remained at the prior year level of EUR 17.2 million.

"Reaping the fruits of our massive investments in farmland, biogas plants,
food production and agricultural properties will be a marathon rather than
a sprint. The performance in the first half year shows that we are on the
right track. We continue to see a lot of potential for value creation by
optimising our structures," says Siegfried Hofreiter, CEO of KTG Agrar SE.
"In the second half of the year we will grow our profit further while
reducing our debt and making a number of important strategic moves to set
the company on course towards a profitable future."

In the first six months of 2015, KTG Agrar's earnings before interest,
taxes, depreciation and amortisation (EBITDA) grew by 20.2% year-on-year
from EUR 24.8 million to EUR 29.8 million. Earnings before interest and
taxes (EBIT) advanced by 13.7% from EUR 17.3 million to EUR 19.9 million.
Earnings before taxes rose to EUR 8.9 million during the reporting period,
exceeding the previous year figure of EUR 7.0 million by 27.1%. It is to be
noted that the farming segment generates most of its income after the
harvest in the second half of the year. The figures for the first half of
2014 have been adjusted for extraordinary income of EUR 6.2 million