Brief: Petro Welt Technologies Says 9M EBIT Rose 21.5% To 17.9 Million Eur
20/11/2020 19:40
Nov 20 (Reuters) - Petro Welt Technologies AG O2C.DE :
* DGAP-NEWS: PETRO WELT TECHNOLOGIES AG: 9M/2020 RESULTS: SOUND PROFIT INDICATORS DESPITE
DIFFICULT ECONOMIC AND INDUSTRIAL ENVIRONMENT
* 9M PRETAX PROFIT ROSE 22.8 PERCENT TO 22.6 MILLION EUR
* 9M EBIT ROSE 21.5 PERCENT TO 17.9 MILLION EUR
* 9M EBITDA 40.9 MILLION EUR
* FINANCIAL ESTIMATES FOR Q4 ARE WEAK OWING TO FURTHER REDUCTIONS IN CLIENT ORDERS
* PETRO WELT TECHNOLOGIES - LOWERS FORECAST OF EXPECTED REVENUE FOR FISCAL YEAR 2020 TO
BETWEEN
EUR 255 AND EUR 260 MILLION
* SEES FISCAL YEAR 2020 EBITDA MARGIN OF ABOUT 16%
Source text for Eikon: ID:nEQ9DdDjna
Further company coverage: O2C.DE
((Reuters.Briefs@thomsonreuters.com;))
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