Brief: Petro Welt Technologies AG Expects FY22 Revenue Of About RUB 28.8 Bln

Petro Welt Technologies AG

29/04/2022 21:39

April 29 (Reuters) - Petro Welt Technologies AG  O2C.DE :
    * DGAP-ADHOC: PETRO WELT TECHNOLOGIES AG: CONSOLIDATED
FINANCIAL
RESULTS 2021: THE GROUP MASTERED THE DIFFICULT MACROECONOMIC
CONDITIONS WITH SOLID CASH FLOWS AND AN INCREASED EQUITY RATIO
OF 51.0%
    * IN 2021, REVENUE IN EUR AMOUNTED TO EUR 237.0 MILLION
(2020: EUR
251.6 MILLION)
    * EXPECTS REVENUE OF ABOUT RUB 28.8 BILLION IN 2022
    * EBITDA FELL TO EUR 33.5 MILLION, AS DID EBITDA MARGIN FROM
18.5%
IN 2020 TO 14.1% IN 2021
    * SAYS CURRENTLY FORECASTS 2022 EBITDA OF RUB 3.5 BILLION
WHICH
EQUATES TO BETWEEN EUR 28.0 MILLION AND EUR 38.0 MILLION
    * MANAGEMENT BOARD WILL PROPOSE TO ANNUAL GENERAL MEETING
NOT TO
DISTRIBUTE A DIVIDEND FOR 2021 FINANCIAL YEAR

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