Brief: Petro Welt Technologies FY Net Result Up 21.6 Pct At EUR 31.0 Million

Petro Welt Technologies AG

24/04/2018 06:14

April 24 (Reuters) - Petro Welt Technologies AG  O2C.DE :
    * DGAP-NEWS: RESULTS 2017: PETRO WELT TECHNOLOGIES AG POSTS
STRONG
INCREASES IN BOTH SALES REVENUES AND CONSOLIDATED NET RESULT
    * FY EBITDA ROSE 2 PERCENT TO 83.1 MILLION EUR
    * FY SALES REVENUES INCREASED BY 3.0% IN RUB AND BY 16.0% IN
EUR.
    * FY CONSOLIDATED NET RESULT INCREASED BY 21.6% TO EUR 31.0
MILLION
    * FY REVENUES IN GROUP REPORTING CURRENCY, EURO, ROSE BY
16.0% TO
EUR 353.0 MILLION
    * EXPECTS SALES REVENUES TO REACH ABOUT EUR 335 TO EUR 345
MILLION
IN 2018
    * HOPES TO KEEP EBITDA MARGIN BETWEEN 22% AND 24% IN 2018
    * PROPOSE TO NOT DISTRIBUTE ANY DIVIDEND FOR 2017

Source text for Eikon:  ID:nEQ5C6JgMa 
Further company coverage:  O2C.DE 

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