Brief: Petro Welt Technologies Says Q1 2023 0.3 Mln Eur Vs 7.9 Mln Eur

Petro Welt Technologies AG

25/05/2023 21:34

May 25 (Reuters) - Petro Welt Technologies Ag  O2C.DE :
    * EQS-ADHOC: PETRO WELT TECHNOLOGIES AG: Q1 2023 RESULTS FOR
PETRO
WELT TECHNOLOGIES AG: SOLID ORDER AND REVENUE DEVELOPMENT,
SLIGHTLY NEGATIVE EBIT
    * QTRLY EBITDA LOWER, BUT CLEARLY POSITIVE AT EUR 0.3
MILLION (Q1
2022: EUR 7.9 MILLION)
    * QTRLY ON A COMPARABLE BASIS, GROUP REVENUE INCREASED TO
EUR 2.9
MILLION
    * QTRLY  EBIT SLIGHTLY NEGATIVE AT EUR -0.3 MILLION, YET
SIGNIFICANTLY BETTER THAN LAST YEAR (Q1 2022: EUR -2.1 MILLION
    * PETRO WELT - COMPANY HAS SUFFICIENT FINANCIAL STABILITY TO
CONTINUE ITS OPERATIONAL ACTIVITY FOR AT LEAST NEXT TWELVE
MONTHS FROM REPORTING DATE
    * PETRO WELT - MANAGEMENT HAS CONCLUDED THAT THERE IS NO
MATERIAL
UNCERTAINTY REGARDING GROUP'S ABILITY TO CONTINUE AS A GOING
CONCERN.

Source text for Eikon:  ID:nEQ349ryPa 
Further company coverage:  O2C.DE 

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