CAT Oil keeps outlook despite Russia sanctions

Petro Welt Technologies AG

11/08/2014 07:52

VIENNA, Aug 11 (Reuters) - Austrian oilfield services 
provider CAT Oil  O2C.DE  stuck to its 2014 outlook on Monday 
despite Western economic sanctions against Russia. 
    The company, a leading provider of oil and gas field 
services in Russia and Kazakhstan, "reiterates its outlook for 
the current fiscal year following the initial assessment of the 
effects of the latest EU and U.S. export restrictions for the 
Russian oil industry", it said in a statement. 
    It expects revenues in the range of 420 million to 450 
million euros ($603 million) and earnings before interest, tax, 
depreciation and amortisation in the range of 113-121 million, 
it said.  
    (1 US dollar = 0.7466 euro) 
 
 (Reporting by Michael Shields; editing by Angelika Gruber) 
 ((Michael.Shields@thomsonreuters.com; +43 1 531 12 258; Reuters 
Messaging: michael.shields.thomsonreuters.com@reuters.net)) 
 
Keywords: CAT OIL OUTLOOK/