Brief: Deutsche Rohstoff Takes Back Its Forecast For 2020

Deutsche Rohstoff AG

06/04/2020 13:44

April 6 (Reuters) - DEUTSCHE ROHSTOFF AG  DR0G.DE :
    * ADJUSTMENT OF PRODUCTION DUE TO COVID-19 PANDEMIC
    * MEASURES WILL HAVE A SIGNIFICANT IMPACT ON PLANNED
REVENUES,
EBITDA AND PROFITABILITY IN 2020
    * CUB CREEK DECIDED TO LIMIT OIL PRODUCTION INITIALLY TO
1,000 TO
1,500 BARRELS/DAY UNTIL END OF JUNE 2020 ABOUT 15 TO 25% OF
ACTUALLY PLANNED PRODUCTION VOLUME
    * TAKING BACK ITS FORECAST FOR 2020
    * NEW FORECAST CAN ONLY BE PUBLISHED WHEN ECONOMIC
CONSEQUENCES OF
CURRENT PANDEMIC ARE MUCH MORE PREDICTABLE AND OIL PRICES HAVE
STABILIZED
    * AT PRESENT, A STATEMENT ON DIVIDEND CANNOT BE MADE EITHER
    * LIKELY THAT MANAGEMENT AND SUPERVISORY BOARD WILL PROPOSE
A
SIGNIFICANTLY LOWER DIVIDEND TO ANNUAL GENERAL MEETING THAN IN
PREVIOUS YEARS OR EVEN RECOMMEND THAT DIVIDEND BE SUSPENDED
    * DECISION ON DIVIDEND WILL BE TAKEN BY TIME FINAL ANNUAL
FIGURES
ARE PUBLISHED

Source text for Eikon:  ID:nEQ4NyVSVa 
Further company coverage:  DR0G.DE 

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