Paper and Forest Products
Company Overview of German Pellets GmbH
German Pellets GmbH manufactures and supplies wood pellets to fuel dealers, commercial, and private customers, as well as to energy providers in Central Europe. It offers wood pellets that are used in pellet ovens and heating systems, as well as power stations to generate electricity and heating. The company also offers wood-based animal hygiene products, including bedding for horses, livestock, and small animals; and wood shavings. In addition, it operates an online shop for polo shirts, shell jackets, winter jackets, and vest jackets. The company offers its products through dealers in Europe. German Pellets GmbH was founded in 2005 and is based in Wismar, Germany. It has operations in Denm...
Am Torney 2a
Founded in 2005
Key Executives for German Pellets GmbH
Chief Executive Officer, Managing Partner and Managing Director
Compensation as of Fiscal Year 2014.
German Pellets GmbH Key Developments
German Pellets and Zg Raiffeisen Energie Gmbh Form 'Best:Pellets' Joint Venture
Nov 11 14
German Pellets and ZG Raiffeisen Energie GmbH have founded a joint venture for the sale of wood pellets. The aim is to group together the operations in south-west Germany's pellet market to a greater extent in the future and to further expand the sale of wood pellets to end-customer. The name of the joint subsidiary company will be 'best:Pellets Handelsgemeinschaft'. The resolution to found the joint venture was adopted in the last few days and approval has been obtained from the cartel-law authorities. Pellet sales to consumers begin on 1 January 2015. The market presence in the Baden-W-rttemberg sales area is to be expanded and new sales channels opened up in Saarland and in Rheinland-Pfalz. The sales network - consisting of sales offices and storage facilities situated close to the customer, in addition to a modern vehicle fleet - will be further expanded. Regional production is also an element in this concept, with two Baden-W-rttemberg-based production facilities. Customers of best:Pellets Handelsgemeinschaft will benefit from the company owners' competence in production and in sales: these factors make themselves evident in product quality and reliability. This also includes a high degree of flexibility, security of supply, and quality-management that is well suited to the product.
German Pellets GmbH Announces Preliminary Consolidated Earnings Results for the First Half Ended June 30, 2014
Oct 2 14
German Pellets GmbH announced preliminary consolidated earnings results for the first half ended June 30, 2014. For the period, the company reported sales of EUR 260.6 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved to around EUR 25.0 million in the first half of 2014 from EUR 18.8 million in the previous year's period. Earnings before taxes also developed positively, rising from EUR 4.7 million to EUR 8.3 million, while net income surged from EUR 1.9 million to EUR 5.1 million.
German Pellets Mulls Financing
Oct 2 14
German Pellets GmbH is planning to raise financing. German Pellets said, "German Pellets is currently examining various financing options."
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