DGAP-News: Petro Welt Technologies AG: Petro Welt Technologies AG Results Q1/2019: Improving the efficiency per job in Drilling despite reduced revenue; further cash generationEQS
Im Artikel erwähnte Wertpapiere: Petro Welt Tech I
DGAP-News: Petro Welt Technologies AG / Key word(s): Quarter Results
The rise of share of materials supplied by customers from 1.8% in Q1/2018 to 3.5% from gross sales in Q1/2019 had an impact on revenue dynamics and resulted in a significant reduction of revenue by 17.3%.
EBITDA declined by 42.1% to EUR 9.3 million in Q1/2019, EBITDA margin reduced to 15.0% but was kept at sufficient level for the safe cash generation. Also, the cash position reached EUR 153.6 million thereby showing an increase of 21.4% compared to 31 December 2018.
The increase in total assets by 9.8% to EUR 419.2 million compared to 31 December 2018 is due to the increase in both non-current assets such as property, plant and equipment as well as current assets (cash and cash equivalents). The equity ratio rose by 2.1% points to 55.9% as at 31 March 2019.
The Q1/2019 Report of Petro Welt Technologies AG is available for download on our Website at
* As at 31 March 2019 and 31 December 2018 respectively
22.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Petro Welt Technologies AG|
|Kärntner Ring 11-13|
|Phone:||+43 1 535 23 20-0|
|Fax:||+43 1 535 23 20-20|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||814841|
|End of News||DGAP News Service|