DGAP-Ad-hoc: Deutsche Rohstoff AG / Key word(s): Preliminary Results
Deutsche Rohstoff AG:
14-March-2018 / 21:01 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: Preliminary Financials demonstrate strong growth
Revenue above, EBITDA at the upper end of the forecast/net profit of 7.7 million EUR
Mannheim. Deutsche Rohstoff group realized a revenue of 53.7 million EUR (previous year: 9.2 million EUR) and an EBITDA of 36.6 million EUR (previous year: 6.4 million EUR) in its financial year 2017. Revenue came in above the forecast the company had published in November, which had called for a revenue of approximately 50 million EUR, whereas EBITDA was at the upper end of the forecasted 35-37 million EUR. Group net profit will amount to 7.7 million EUR (previous year: 0.1 million Euro) according to the preliminary numbers. Liquid assets (Cash and short term securities) in the group were available in the amount of 30 million EUR as at December 31st, 2017.
All numbers are preliminary and unaudited. Deutsche Rohstoff plans to publish audited financials on May 7th.
Mannheim, 14 March 2018
Deutsche Rohstoff identifies, develops and divests attractive resource projects in North America, Australia and Europe. The focus is on the development of oil and gas opportunities within the United States. Metals, such as gold, copper, rare earth elements, tungsten and tin complete our portfolio. For more information please visit www.rohstoff.de.
Contact:
Deutsche Rohstoff AG
Thomas Gutschlag
Tel. +49 621 490 817 0
info@rohstoff.de
14-March-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Deutsche Rohstoff AG is a Germany-based holding company. Its activities are diversified into three business segments. The Gold and Silver is engaged in extraction of those two materials mainly in Australia. Nevertheless, In September 2014, the Company sold all its shares in Wolfram Camp Mining and Tropical Metals. Moreover it also obtains silver in Germany, from which the Company makes coins. The Oil and Gas business segments is handled through its subsidiary Rhein Petroleum GmbH, Tekton Energy LLC and Salt Creek Oil & Gas LLC, and is focused on the exploration and production of oil and natural gas in Germany and the United States. The High-Tech Metals business segment is engaged in extraction and supply of materials used for production of LEDs (Light Emitting Diodes), flat panel displays, solar cells, hybrid cars and medical indispensable, such as indium, gallium, cobalt and tin. The Company operates subsidiaries in the United States, Australia, Germany and Canada.