The German Pellets Group increased its total output and EBITDA in the first nine months of the current business year. As of 30 September 2015, the Group’s total output had risen by around 10% to reach Euro 442.5 million (previous year: Euro 400.6 million). At the end of this year’s first nine months, EBITDA amounted to Euro 38 million (previous year: Euro 37 million).

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German Pellets improved EBITDA to Euro 38 million

Dec 05, 2015. /Lesprom Network/. The German Pellets Group increased its total output and EBITDA in the first nine months of the current business year. As of 30 September 2015, the Group’s total output had risen by around 10% to reach Euro 442.5 million (previous year: Euro 400.6 million). At the end of this year’s first nine months, EBITDA amounted to Euro 38 million (previous year: Euro 37 million), as the company said in the press release received by Lesprom Network. 

ʺSeen against the background of what, compared to last year, is a continued low price level in the end-consumer market, this is a positive developmentʺ, says Peter H. Leibold, Managing Director of German Pellets GmbH.

A contribution to this was that it proved possible to further boost pellet sales over the year to date, both in sales to industrial and power-station customers via distribution channels, and also in the end-consumer sector. A strong impetus also came from the bagged-pellets business.

In this market segment alone, a volume increase of around 30% was recorded. Existing contracts with national and international distributors alike were able to be prolonged and new season contracts were able to be concluded. Other than Germany, important markets in the bagged-goods sector are France, Italy, Denmark and, increasingly, eastern European countries, such as Slovenia, where German Pellets has just recently been awarded the title of test-winner with its wood pellets.

In the end-consumer market, German Pellets continues to benefit from the expansion of the sales structures. Over the last months, as in previous periods, the company has further invested in sales, opening up new sales offices in Handewitt (Schleswig-Holstein state), Wunsiedel and Munich (Bavaria state) and also expanding its warehouse network and product-delivery fleet.