DGAP-Adhoc: Petro Welt Technologies AG: 2018 Results profit warning: Sales revenue of Petro Welt Technologies AG follows the trend of ruble devaluation

2019. január 02., szerda, 14:56





DGAP-Ad-hoc: Petro Welt Technologies AG / Key word(s): Profit Warning


Petro Welt Technologies AG: 2018 Results profit warning: Sales revenue of Petro Welt Technologies AG follows the trend of ruble devaluation


02-Jan-2019 / 14:56 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


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AD HOC

2018 Results profit warning: Sales revenue of Petro Welt Technologies AG follows the trend of ruble devaluation


Vienna, 2 January 2019.

Based on the results of Q1 through Q3 and projections until year-end PeWeTe AG expects total revenues of EUR 293.4 mln. This represents a reduction of revenue as compared to the last projection around 312.5 mln made on 21 August 2018 by 6.1%. The development is due to the postponement and delay of orders from our Russian customers, lower proppant prices in the second half of 2018 and to a sensitive weakened of average exchange rate of EUR/RUB in H2 2018 versus the same indicator in Q1-Q2 2018 by 5.7%. The EBITDA 2018 is anticipated at about EUR 62 mln. which corresponds to the margin of 21.2%.



Contact:

Martin Wende (Grayling Austria GmbH)

IR contact

T: +43 1 524 4300 65 | M: +43 664 605 08 806
martin.wende@grayling.com











02-Jan-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Petro Welt Technologies AG

Kärntner Ring 11-13

1010 Wien

Austria
Phone: +43 1 535 23 20 - 0
Fax: +43 1 535 23 20 - 20
E-mail: ir@pewete.com
Internet: www.pewete.com
ISIN: AT0000A00Y78
WKN: A0JKWU
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange





 
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