Petro Welt Technologies AG (alt)
Petro Welt Technologies AG: 2018 Results profit warning: Sales revenue of Petro Welt Technologies AG follows the trend of ruble devaluation

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2018 Results profit warning: Sales revenue of Petro Welt Technologies AG follows the trend of ruble devaluation

Vienna, 2 January 2019.
Based on the results of Q1 through Q3 and projections until year-end PeWeTe AG expects total revenues of EUR 293.4 mln. This represents a reduction of revenue as compared to the last projection around 312.5 mln made on 21 August 2018 by 6.1%. The development is due to the postponement and delay of orders from our Russian customers, lower proppant prices in the second half of 2018 and to a sensitive weakened of average exchange rate of EUR/RUB in H2 2018 versus the same indicator in Q1-Q2 2018 by 5.7%. The EBITDA 2018 is anticipated at about EUR 62 mln. which corresponds to the margin of 21.2%.

Contact:
Martin Wende (Grayling Austria GmbH)
IR contact
T: +43 1 524 4300 65 | M: +43 664 605 08 806
martin.wende@grayling.com