Brief: Petro Welt Technologies Says FY Revenue Fell 15.4% To EUR 252.3 Mln

Petro Welt Technologies AG

27/04/2021 19:39

April 27 (Reuters) - Petro Welt Technologies AG  O2C.DE :
    * DGAP-NEWS: PETRO WELT TECHNOLOGIES AG: CONSOLIDATED
FINANCIAL
RESULTS 2020: PROFIT BEFORE TAX SHOWS ONE OF THE BEST
PERFORMANCES IN THE OILFIELD SERVICES INDUSTRY
    * FY EBIT 11.4 MILLION EUR
    * FY EBITDA 45.2 MILLION EUR VERSUS 45.6 MILLION EUR YEAR
AGO
    * FY NET PROFIT 6.7 MILLION EUR
    * FY PRETAX PROFIT 13.6 MILLION EUR
    * FY REVENUE FELL 15.4 PERCENT TO 252.3 MILLION EUR
    * FOR 2021 EBITDA MARGIN IS PROJECTED TO BE IN RANGE OF
16.0% TO
16.6%
    * PETRO WELT TECHNOLOGIES- CO'S REVENUE IN RUBLES IS
EXPECTED TO
BE ABOUT RUB 21.4 BILLION IN 2021, TRANSLATES TO BETWEEN EUR
233.1 MILLION AND EUR 240.9 MILLION
    * FINANCIAL STATEMENTS RECORD NO DISTRIBUTABLE PROFIT
    * NO DIVIDEND WILL BE DISTRIBUTED FOR 2020

Source text for Eikon:  ID:nEQ7DNxs0a 
Further company coverage:  O2C.DE 

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