KTG Agrar SE
KTG Agrar SE: 4th KTG Future Day marked by open dialogue
DGAP-News: KTG Agrar SE / Key word(s): Miscellaneous KTG Agrar SE: 4th KTG Future Day marked by open dialogue – Operational targets confirmed – Refinancing process making progress
“Looking at the good half-year figures and the excellent financial year of our subsidiary, KTG Energie, we confirm our forecast for the year 2015,” said Siegfried Hofreiter, CEO of KTG Agrar SE. “Our optimisation and harvesting phase is proceeding fully to plan and we are excellently positioned for the upcoming refinancing exercise.” The bond issued by KTG in 2015 already showed that the company’s refinancing exercises are implemented professionally and completed early. This will also be the case with the bond maturing in June 2017. The Management Board has dealt with this topic already since late 2015. At present, the company is reviewing options in Germany and abroad. The refinancing package is to be finalised by autumn 2016, i.e. a good nine months before maturity, showing that the company is well on track in this process. KTG Energie plays an important role in the KTG Group’s refinancing. In the financial year 2014/2015, KTG Energie posted a record result and generated its first free cash flow. Thanks to its highly predictable business model, KTG Energie today already has guaranteed compensation rights of over EUR 1.5 billion until 2030 and an EBITDA potential of over EUR 450 million. This potential can be exploited already today. Says Siegfried Hofreiter: “The positive feedback received to our » from field to plate « strategy encourages us to continue on this way with determination. 2016 will see us reach important milestones in the form of the diversification of the distribution channels in the food segment and the refinancing exercise.”
2016-03-22 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | KTG Agrar SE | |
Ferdinandstr. 12 | ||
20095 Hamburg | ||
Germany | ||
Phone: | +49 (0)40-303 76-47 | |
Fax: | +49 (0)40-303 76-799 | |
E-mail: | presse@ktg-agrar.de | |
Internet: | www.ktg-agrar.de | |
ISIN: | DE000A0DN1J4, DE000A1H3VN9, DE000A1ELQU9, DE000A11QGQ1, | |
WKN: | A0DN1J , A1H3VN, A1ELQU, A11QGQ | |
Indices: | HASPAX | |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich (m:access), Stuttgart; Open Market (Entry Standard) in Frankfurt | |
End of News | DGAP News Service |