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DGAP-Adhoc: Petro Welt Technologies AG: Update regarding the impact of COVID-19

eqs_en 
0 0 08.05.20
DGAP-Adhoc: Petro Welt Technologies AG: Update regarding the impact of COVID-19
 

DGAP-Ad-hoc: Petro Welt Technologies AG / Key word(s): Annual Results/Quarterly / Interim Statement
Petro Welt Technologies AG: Update regarding the impact of COVID-19

08-May-2020 / 17:39 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.

Vienna, May 8, 2020
In light of the current COVID-19 restrictions on business and its unprecedented impact on oil prices as well as customers' requests for reduction or delay of work volumes, Petro Welt Technologies AG expects revenue of EUR 280-285 million for 2020. According to preliminary figures, revenue was EUR 298.4 million in 2019. The profit estimate for 2020 is subject to review pending analysis of orders cancelled and ongoing negotiations with customers and is thus currently not possible.

The following changes of the financial calendar are necessary as a result of COVID-19 measures:

  • Petro Welt Technologies AG hereby announces that the date for the publication of the 2019 financial statements will be announced on May 19, 2020.
  • Analyst conference call will be re-scheduled from May 15 to May 29, 2020.
  • Publication of Q1 interim report 2020 will be re-scheduled from May 25 to May 27, 2020.

About Petro Welt Technologies AG
Petro Welt Technologies AG, which is domiciled in Vienna, is one of the leading and first established OFS companies in Russia and the CIS and is specialized in services which increase the productivity of new as well as existing oil & gas formations.

Contact
Konstantin Huber (be.public)
Investor Relations
T: +43 1 503 2 503-29
[email protected]

08-May-2020 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: +43 1 535 23 20 - 0
Fax: +43 1 535 23 20 - 20
E-mail: [email protected]
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
EQS News ID: 1039931

 
End of Announcement DGAP News Service

1039931  08-May-2020 CET/CEST

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Petro Welt Technologies AG Aktie

2,26 €
-1,77 %
Die Petro Welt Technologies AG Aktie rutscht heute ab, verliert -1,77 %.

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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