Brief: Deutsche Rohstoff Confirms FY Prelims, Announces 2021-2022 Guidance

Deutsche Rohstoff AG

26/04/2021 17:08

April 26 (Reuters) - DEUTSCHE ROHSTOFF AG  DR0G.DE :
    * CONSOLIDATED FINANCIAL STATEMENTS 2020 PUBLISHED
    * SALES OF EUR 38.7 MILLION (PREVIOUS YEAR: EUR 41.2
MILLION),
EBITDA OF EUR 23.9 MILLION (PREVIOUS YEAR: EUR 22.7 MILLION)
    * CONSOLIDATED RESULT OF EUR -16.2 MILLION (PREVIOUS YEAR:
EUR 0.2
MILLION; ALL FIGURES ACCORDING TO GERMAN GAAP AND AUDITED)
    * FORECAST GROUP SALES 2021: EUR 57 TO 62 MILLION
    * FORECAST GROUP SALES 2022: EUR 60 TO 65 MILLION
    * FORECAST EBITDA 2021: EUR 42 TO 47 MILLION
    * FORECAST EBITDA 2022: EUR 40 TO 45 MILLION
    * EXPECTS TO BE ABLE TO ACHIEVE A CLEARLY POSITIVE
CONSOLIDATED
RESULT IN BOTH YEARS
    * WILL PROPOSE TO ANNUAL GENERAL MEETING THAT NO DIVIDEND BE
DISTRIBUTED
    * FOR COMING YEARS, EXECUTIVE BOARD EXPECTS TO BE ABLE TO
RESUME
DIVIDEND PAYMENTS
    * IN Q1, CONSOLIDATED NET INCOME IS EXPECTED TO BE AROUND
EUR 11.5
MILLION ON SALES OF EUR 17 MILLION
    * Q1 EBITDA AT AROUND EUR 21 MILLION

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