PETRO WELT TECHNOLOGIES AG -
oil AG: Supervisory Board officially approves preliminary results for the year 2015
Sales revenues in euros decreased by 21.8% to EUR 322.5 million
EBITDA contracted by 28.0% to EUR 81.5 million
Consolidated net profit reached EUR 20.3 million in 2015
No dividend payment proposed to AGM to keep balance sheet strong
Vienna/Moscow, 27 April 2016
The Supervisory Board of C.A.T. oil AG, Vienna, discussed and approved officially the preliminary results for the year 2015. C.A.T. oil AG, which is operative in oil and gas field services mainly in Russia maintained its strong market position and raised the revenues in Russian roubles by 4.4%. Expressed in euros, the consolidated sales revenues decreased to EUR 322.5 million, EBITDA contracted by 28.0% to EUR 81.5 million but kept the satisfactory level of 25.3% of revenues. The consolidated net profit resulted in EUR 20.3 million for the year 2015, a decline of 62.5%.
The Management Board expects the economic environment to stay challenging, but sees chances to play an active role in the current consolidation process of the industry. Therefore and in order to keep the structure of the balance sheet strong, both boards will propose to suspend the dividend payment for 2015.
The consolidated annual report for 2015 will be published on 28 April 2016 after close of trading on the company's corporate website at www.catoilag.com.
Contact: Scholdan & Company Bernhard Grabmayr
+43-1-513 23 88-0
presse@catoilag.com ir@catoilag.com
C.A.T. Oil AG issued this content on 27 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 April 2016 18:10:44 UTC
Original Document: http://www.catoilag.com/upload/160427-CAT-final_ad_hoc.pdf
