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OFFON

PETRO WELT TECHNOLOGIES AG

(O2C)
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Petro Welt Technologies AG: Closure of Operations in Romania

10/21/2021 | 02:37pm EST

DGAP-Ad-hoc: Petro Welt Technologies AG / Key word(s): Miscellaneous Petro Welt Technologies AG: Closure of Operations in Romania 21-Oct-2021 / 20:35 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.

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Vienna, October 21, 2021 Due to unforeseen delays and obstacles caused by Covid-19 restrictions the Company decided to halt its business expansion plans into Romania and instead focus on business opportunities in other markets. The majority of the equipment presently located in Romania will be relocated to the Company's operations in Russia in order to meet growing demand of its customers there.

About Petro Welt Technologies AG Petro Welt Technologies AG, domiciled in Vienna, is one of the leading and first established oilfield services companies in Russia and the CIS and is specialized in services which increase the productivity of new as well as existing oil and gas formations. Contact Konstantin Huber (be.public) Investor Relations T: +43 1 503 2 503-29 huber@bepublic.at

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21-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      Petro Welt Technologies AG 
              Kärntner Ring 11-13 
              1010 Vienna 
              Austria 
Phone:        +43 1 535 23 20-0 
Fax:          +43 1 535 23 20-20 
E-mail:       ir@pewete.com 
Internet:     www.pewete.com 
ISIN:         AT0000A00Y78 
WKN:          A0JKWU 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1242731 
 
End of Announcement  DGAP News Service 
=------------ 

1242731 21-Oct-2021 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1242731&application_name=news

(END) Dow Jones Newswires

October 21, 2021 14:36 ET (18:36 GMT)

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Financials
Sales 2020 252 M 286 M 286 M
Net income 2020 6,67 M 7,56 M 7,56 M
Net Debt 2020 8,09 M 9,18 M 9,18 M
P/E ratio 2020 15,4x
Yield 2020 -
Capitalization 125 M 140 M 141 M
EV / Sales 2019 0,47x
EV / Sales 2020 0,44x
Nbr of Employees 3 308
Free-Float 12,9%
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Managers and Directors
Denis Alexandrovich Stankevich Chief Executive Officer
Kirill Bakhmetiev Chief Financial Officer
Maurice Greroire Rene Dijols Chairman-Supervisory Board
Ralf Wojtek Independent Member-Supervisory Board
Remi Paul Independent Member-Supervisory Board
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