PETROTEC AG / Key word(s): Quarter Results
21.07.2015 17:07

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Borken, 21 July 2015

Quarterly figures

PETROTEC AG: Preliminary figures for the second quarter of 2015 indicate a lower turnover and a weaker EBIT margin

Borken, 21 July 2015 - PETROTEC AG (ISIN DE000PET1111), one of the largest European producers of waste based biodiesel predominantly from used cooking oil, has according to preliminary figures generated a group turnover in the second quarter of 2015 (1 April to 30 June) of EUR 34m, corresponding to a reduction by 31% compared to the second quarter 2014 EUR 50.0m (Sales for the first half of 2015 - 61m in 2015 compared with 96m in first half of 2014). The EBIT margin for the second quarter 2015 has according to preliminary figures fallen to around a negative 2.4%, compared to a positive 1.5% in the second quarter of 2014 (for the first half of 2015 - negative 2,7% in 2015 compared with 0% in first half of 2014). The reasons are mainly the generally lower price level for biodiesel and the lower trading volume on the purchasing side from other producers.
As a result, the company management has revised its guidance for the financial year 2015 as announced on 18 March 2015 and still expects the annual sales to meet its original guidance of EUR 100m to 150m, however expects the EBIT margin to drop to a range of -2 and -4%.
The above is based on preliminary figures not yet reviewed by the company auditor and is subject to further adjustments.

PETROTEC will provide details on the results for the second quarter 2015 on 12th of August 2015.

Disclaimer

This ad hoc notification contains forward looking statements, which are based on assumptions and estimates of the management of PETROTEC AG. Although PETROTEC management believes that these assumptions and estimates are correct, actual future developments and results can deviate substantially from these assumptions and estimates due to many factors. These factors can include alteration of the economic situation, legal and regulatory constraints in Germany and the EU, and changes in PETROTEC's general business and competitive environment. PETROTEC assumes no liability and provides no warranty that future developments and actual future results will conform with the assumptions and estimates expressed in this ad hoc notification.

About PETROTEC AG

PETROTEC AG, Germany, is the largest European producer of waste-derived biodiesel, mainly based on used cooking oil. The Company owns an overall nominal production capacity of 185,000 tons per year at two locations in Germany. PETROTEC runs a vertically integrated business model including own collection of used cooking oil from more than 15,000 collection points, treatment and refining of the raw material up to the technologically demanding production of waste-based biodiesel. The Company sells its biodiesel primarily to large mineral oil companies in northwest Europe. The usage of waste based biodiesel enjoys a preferential double counting scheme granted by major EU countries as part of the mandatory blending quotas. PETROTEC's EcoPremium biodiesel provides significant environmental and climate advantages with the highest CO2 emission reduction of 85% (compared with fossil diesel) amongst all biofuels approved by the EU Renewable Energy Directive (2009/28/EC). Since its IPO in 2006, PETROTEC cleaned more than 800,000 tons of waste and saved over 2.5 million tons of CO2 emissions. PETROTEC is a public listed company (ISIN DE000PET1111) in the regulated market of Frankfurt Stock Exchange, in the Prime Standard segment, complying with high international transparency standards. It has a capital stock of 24,543,741 Euro, equalling 24,543,741 shares. As at balance sheet date Dec. 31st, 2014, the main shareholder is REG European Holdings B.V., Netherlands, with a stake of 84 %, free float is approx. 10 %. In the business year 2014 (Jan. 1st to Dec. 31st) PETROTEC reached sales of EUR 167.2 mill. and generated an EBIT of EUR -2.2 mill. and a net loss of EUR -3.8 mill. The Company employs about 105 employees.
Press contact

PETROTEC AG
Vera Berlin-Knippenberg
Investor Relations 
Tel.: +49 (0) 2862 910080
ir@petrotec.de

 
End of ad hoc notification


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Language:     English
Company:      PETROTEC AG
              Fürst-zu-Salm-Salm-Str. 18
              46325 Borken-Burlo
              Germany
Phone:        +49 (0)2862 9100 19
Fax:          +49 (0)2862 9100 99
E-mail:       info@petrotec.de
Internet:     www.petrotec.de
ISIN:         DE000PET1111
WKN:          PET111
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,               Stuttgart
 
End of Announcement DGAP News-Service  

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