DGAP-Adhoc: Deutsche Rohstoff AG: 9-month financials above expectations
DGAP-Ad-hoc: Deutsche Rohstoff AG / Key word(s): Quarterly / Interim Statement 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
06-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Deutsche Rohstoff AG |
Q7, 24 | |
68161 Mannheim | |
Germany | |
Phone: | 0621 490 817 0 |
Fax: | 0621 490 817 22 |
E-mail: | [email protected] |
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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1146207 06-Nov-2020 CET/CEST
Deutsche Rohstoff AG Stock
Currently there is a rather positive sentiment for Deutsche Rohstoff AG with 5 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 40 € is below the current price of 42.0 € for Deutsche Rohstoff AG, so the potential is actually -4.76%.