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Deutsche Rohstoff AG: 9-month financials above expectations

·2-min read

Deutsche Rohstoff AG / Key word(s): Quarterly / Interim Statement
Deutsche Rohstoff AG: 9-month financials above expectations

06-Nov-2020 / 13:26 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Deutsche Rohstoff AG: 9-month financials above expectations

Mannheim. In the first nine months of the fiscal year, Deutsche Rohstoff Group generated sales of EUR 32.3 million, EBITDA of EUR 21.7 million and a consolidated loss of EUR 14.3 million. Based on these results, the management board now expects the following figures for the full year:

The improved development is mainly due to slightly higher sales at Cub Creek and proceeds from the partial realization of the securities portfolio built up in April.

Possible impairments and income or losses from securities transactions are not part of the forecast. The outlook is based on the assumption of an average oil price of 40 USD/barrel in the 4th quarter and an exchange rate of 1.18 EUR/USD.

The complete 9-month report is expected to be published by 12 November 2020.

For the definition of EBITDA, please refer to the homepage of Deutsche Rohstoff AG at https://rohstoff.de/en/apm/.

Mannheim, 6 November 2020

Deutsche Rohstoff identifies, develops and sells attractive raw material deposits in North America, Australia and Europe. The focus is on the development of oil and gas deposits in the USA. Metals such as gold and tungsten complete the portfolio. Further information can be found at www.rohstoff.de

Contact
Deutsche Rohstoff AG
Dr. Thomas Gutschlag, CEO
Phone +49 621 490 817 0
info@rohstoff.de

06-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Deutsche Rohstoff AG

Q7, 24

68161 Mannheim

Germany

Phone:

0621 490 817 0

Fax:

0621 490 817 22

E-mail:

gutschlag@rohstoff.de

Internet:

www.rohstoff.de

ISIN:

DE000A0XYG76, DE000A1R07G4,

WKN:

A0XYG7, A1R07G

Indices:

Scale 30

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1146207


 

End of Announcement

DGAP News Service

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