Petro Welt Technologies AG

Revenue of PeWeTe Kazakhstan increased by 48.1% to EUR 8.0 million Number of fracturing contracts increased to 229 Vienna, August 23, 2023 In the first half of 2023, PeWeTe Group's revenue amounted to EUR 8.0 million, up 48.1% year-on-year . This is mainly due to the performance of Petro Welt Technologies Kazakhstan, which is the only remaining [...]

By ruling of the Frankfurt Stock Exchange dated August 17, 2023, the admission of the shares of Petro Welt Technologies AG, AT0000A00Y78, to the regulated market of the Frankfurt Stock Exchange was revoked. As a consequence of the revocation of the admission to the regulated market, the admission to the sub-segment of the regulated market with [...]

The squeeze-out pursuant to the Austrian Squeeze-Out Act resolved at the 18th Annual General Meeting on 27 June 2023 under agenda item 7 was today entered into the Companies Register of the Commercial Court of Vienna with effect as of 4 August 2023. With the entry of the resolution on the squeeze-out into the Companies Register all shares of the [...]

In the first nine months of 2022, consolidated revenue of the PeWeTe Group increased to EUR 229.8 million. Revenue in the Well Services and Stimulation segment increased by 60.0% compared to 2021 and reached EUR 110.1 million in the first nine months of 2022. In the Drilling, Sidetracking, and Integrated Project Management segment, revenue amounted [...]

PRESS RELEASE Petro Welt Technologies AG: Signing of the agreement on the sale of the Russian participations Vienna, September 1, 2022 On August 16, 2022 the shareholders of Petro Welt Technologies AG have approved in an extraordinary general meeting the sale of PeWeTe's participations in Russia. Accordingly, PeWeTe sold and transferred its [...]

Revenue in RUB jumped by 34.7% and in EUR by 44.4%. Operational growth in two segments: 39.6% in Well Stimulation and 43.6% in Drilling, Sidetracking, and Integrated Project Management . Positive EBIT trend in Q2 2022 due to continued improvements in conventional drilling operations and the gradual recovery of the fracturing segment. Vienna, August [...]

Vienna, May 12, 2022 Due to organizational reasons, Petro Welt Technologies AG postpones its investor conference scheduled for next Monday, May 16, 2022. Nevertheless, an up-to-date investor presentation can be downloaded from the company's website as of May 16, 2022: https://www.pewete.com/en/investors/publications PeWeTe will send out invitations [...]

PRESS RELEASE Petro Welt Technologies AG - Changes to the Supervisory Board Stephan D. Theusinger elected to the Supervisory Board Vienna, January 26, 2022 At yesterday's Extraordinary General Meeting of Petro Welt Technologies AG, Stephan D. Theusinger was elected to the Company's Supervisory Board. The 44-year-old replaces Ralf Wojtek, who [...]

PRESS RELEASE 9M/2021 results of Petro Welt Technologies AG: Increased equity and liquidity position despite a volatile economic environment In the first three quarters of 2021, revenue fell by 18.6% to EUR 168.5 million . In the third quarter, revenue increased by 17.9% to EUR 62.6 million. Proppant production delivered significant revenue growth [...]

HY1 2021 results of Petro Welt Technologies AG: Revenue and EBITDA decrease due to slump in demand for fracturing, slight recovery during Q2. Revenue decreases by 31.2% in EUR and EBITDA by 52.9% due to the severe crisis in the fracturing market, with a sharp drop in the number of operations and extreme price pressure. Drilling, Sidetracking, and [...]