Brief: Deutsche Rohstoff Q1 EBITDA Down At EUR 9.5 Mln

Deutsche Rohstoff AG

14/05/2020 09:12

May 14 (Reuters) - DEUTSCHE ROHSTOFF AG  DR0G.DE :
    * EARNINGS REPORT SHOWS FIRST QUARTER PROFIT
    * IN Q1 OF 2020, DEUTSCHE ROHSTOFF GROUP ACHIEVED A NET
PROFIT OF
EUR 0.9 MILLION
    * Q1 EBITDA EUR 9.5 MILLION (PREVIOUS YEAR: EUR 12.8
MILLION)
    * INFLUENCE OF CORONA CRISIS AND SHARP DROP IN OIL PRICES
BECAME
NOTICEABLE FROM MARCH ONWARDS
    * Q1 REVENUES AMOUNTED TO EUR 16.12 MILLION (PREVIOUS YEAR:
EUR
14.7 MILLION)
    * IN COMING MONTHS, DEUTSCHE ROHSTOFF USA WILL ALSO RECEIVE
A TAX
REFUND OF APPROXIMATELY USD 7.5 MILLION.
    * OUR MAIN FOCUS IS NOW ON EXCITING ACQUISITION
OPPORTUNITIES
    * WE HAVE REDUCED OUR PRODUCTION TO A MINIMUM IN ORDER NOT
TO HAVE
TO PRODUCE OUR VALUABLE RESERVES INTO AN EXTREMELY LOW PRICE
ENVIRONMENT

Source text for Eikon:  ID:nEQ6Y9cZda 
Further company coverage:  DR0G.DE 

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