Brief: Petro Welt Technologies AG Says H1 Revenue Fell 31.2% To 105.9 Mln Eur
19/08/2021 19:33
Aug 19 (Reuters) - Petro Welt Technologies AG O2C.DE :
* HY1 2021 RESULTS: REVENUE AND EBITDA DECREASE DUE TO SLUMP
IN
DEMAND FOR FRACTURING.
* H1 EBITDA 13.7 MILLION EUR
* H1 REVENUE FELL 31.2 PERCENT TO 105.9 MILLION EUR
* REVISED OUTLOOK FOR 2021 ESTIMATES REVENUE IN RANGE OF EUR
231.0
MILLION TO EUR 241.0 MILLION
* 2021 EBITDA MARGIN IS ANTICIPATED TO REMAIN BETWEEN 13.0%
AND
15.5% THROUGHOUT 2021 (FORMER ESTIMATE: 16.0% TO 16.6%)
Source text for Eikon: ID:nEQ3tc32Wa
Further company coverage: O2C.DE
((Reuters.Briefs@thomsonreuters.com;))
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