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

DGAP-Ad-hoc: Petro Welt Technologies AG / Key word(s): Profit Warning Petro Welt Technologies AG: 2018 Results profit warning: Sales revenue of Petro Welt Technologies AG follows the trend of ruble devaluation 02-Jan-2019 / 14:56 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. AD HOC 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: [phone] | M: [phone] [e-mail] 02-Jan-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Petro Welt Technologies AG
	Kärntner Ring 11-13
	1010 Wien
	Austria
Phone:	[phone] - 0
Fax:	[phone] - 20
E-mail:	[e-mail]
Internet:	www.pewete.com
ISIN:	AT0000A00Y78
WKN:	A0JKWU
Listed:	Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

End of Announcement	DGAP News Service

762943  02-Jan-2019 CET/CEST