DGAP-News
KTG Agrar SE continues harvesting phase reporting profit growth for first half of 2015 - Seite 2
resulting from the sale of farmland.
KTG Agrar's net assets and financial position were solid at the end of the
first half of 2015. As of the balance sheet date, equity capital rose by
EUR 8.4 million to EUR 121.8 million compared to 31 December 2015. The
equity ratio amounted to approximately 16.0% and is set to rise further by
the end of the year; KTG Agrar redeemed a EUR 40 million corporate bond
already in September.
Growth driven by the >>From field to the plate< < strategy - new product
launch planned for ANUGA trade fair
Siegfried Hofreiter says: "Our >>From field to plate< < strategy has become
a genuinely unique selling point. Now our objective is to leverage
potential synergies and ensure efficient use of our capacities. In October
we will present numerous product innovations at ANUGA, the world's leading
event of the food industry, thereby setting the company on the right course
for a successful year 2016." KTG Agrar has identified significant potential
for efficiency gains in the area of warehousing and logistics, considering
that the Group moves around roughly one million tons of agricultural
commodities each year. This number will rise further as non-GMO output is
set to grow at the farming and food production levels. Based on the Group's
current production capacities, the food segment will be able to expand its
revenues from EUR 100 million in 2014 to EUR 200 million in the coming
years without requiring additional major investment, which would clearly
drive margins upwards. With a view to taking an important step towards this
target, KTG's "biozentrale", "Frenzel Tiefkühlkost" and "Die Landwirte"
brands will present their comprehensive range of products and exciting
innovations at ANUGA, the world's leading food fair. The export business
will be driven forward as well to make sure that the company can benefit
from the strong demand for food grown and made in Germany. Its presence at
ANUGA will give the KTG Group exposure not only to German retailers but
also to representatives of major European retailers as well as specialist
distributors from the Middle and Far East.
KTG Agrar's operational outlook for the second half of the year is equally
strong. Contributing in excess of EUR 120 million and EUR 80 million,
respectively, the Food segment and the Energy segment will be the growth
drivers during the current period. In addition, this Summer's record
temperatures mean that the farming segment will reap a good harvest and
make a contribution to profit growth. All told, KTG Agrar's sights remain
a genuinely unique selling point. Now our objective is to leverage
potential synergies and ensure efficient use of our capacities. In October
we will present numerous product innovations at ANUGA, the world's leading
event of the food industry, thereby setting the company on the right course
for a successful year 2016." KTG Agrar has identified significant potential
for efficiency gains in the area of warehousing and logistics, considering
that the Group moves around roughly one million tons of agricultural
commodities each year. This number will rise further as non-GMO output is
set to grow at the farming and food production levels. Based on the Group's
current production capacities, the food segment will be able to expand its
revenues from EUR 100 million in 2014 to EUR 200 million in the coming
years without requiring additional major investment, which would clearly
drive margins upwards. With a view to taking an important step towards this
target, KTG's "biozentrale", "Frenzel Tiefkühlkost" and "Die Landwirte"
brands will present their comprehensive range of products and exciting
innovations at ANUGA, the world's leading food fair. The export business
will be driven forward as well to make sure that the company can benefit
from the strong demand for food grown and made in Germany. Its presence at
ANUGA will give the KTG Group exposure not only to German retailers but
also to representatives of major European retailers as well as specialist
distributors from the Middle and Far East.
KTG Agrar's operational outlook for the second half of the year is equally
strong. Contributing in excess of EUR 120 million and EUR 80 million,
respectively, the Food segment and the Energy segment will be the growth
drivers during the current period. In addition, this Summer's record
temperatures mean that the farming segment will reap a good harvest and
make a contribution to profit growth. All told, KTG Agrar's sights remain
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