Brief: Deutsche Rohstoff FY Consolidated Profit Turns To Loss Of EUR 16.2 Million

Deutsche Rohstoff AG

08/03/2021 17:33

March 8 (Reuters) - DEUTSCHE ROHSTOFF AG  DR0G.DE :
    * PRELIMINARY ANNUAL FIGURES CONFIRM FORECAST
    * IN 2020 FINANCIAL YEAR, DEUTSCHE ROHSTOFF GROUP GENERATED
SALES
OF EUR 38.7 MILLION (FORECAST EUR 37 TO 40 MILLION; PREVIOUS
YEAR: EUR 41.2 MILLION)
    * FY EBITDA OF EUR 23.9 MILLION (FORECAST EUR 23 TO 26
MILLION;
PREVIOUS YEAR: EUR 22.7 MILLION)
    * FY CONSOLIDATED LOSS OF EUR 16.2 MILLION (FORECAST:
CONSOLIDATED
LOSS EUR 15 TO 18 MILLION; PREVIOUS YEAR: CONSOLIDATED PROFIT
EUR 0.2 MILLION)
    * DRILLING FROM KNIGHT PAD OPENS UP FURTHER PRODUCTION
INCREASES
FOR US FROM Q4 2021 AND IN 2022
    * 2020 EXPECTATION FOR ALL GROUP COMPANIES FROM EXISTING
WELLS IS
DAILY AVERAGE NET PRODUCTION OF 2,300 TO 2,600 BARRELS OF OIL OR
5,700 TO 6,300 BARRELS OF OIL EQUIVALENT

Source text for Eikon:  ID:nEQ3S1cpPa 
Further company coverage:  DR0G.DE 

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