Petro Welt Technologies AG

In 2018 gross sales decreased by 7.2% in RUB and by 17.3% in EUR. EBITDA fell by 36.8% from EUR 83.1 to EUR 52.5. The consolidated net profit dropped by 65,2% to EUR 10.8 million. Equity ratio remained stable at 53.8%. Net debt to EBITDA is 0.51 and was kept under secure threshold below 2. Moody's rating confirmed at Baa3. WellProp, the proppant [...]

Revenues per job in fracking services in EUR increased by 10% EBIT margin of Wellprop at 18.9% Registration of PEWETE EVO EUROPE S.R.L. in Bucharest, Romania, finalized Vienna, 20 November 2018. Operational development, active cash management, and strict cost control made it possible to mitigate the impact of the tough external environment. Still [...]

PRESS RELEASE Petro Welt Technologies AG established business entity in Romania Vienna, 27 August 2018 Petro Welt Technologies AG is recognized as a leader in Mobile Drilling operations and Well Stimulation. On the 20th of August 2018, Petro Welt finalized the registration of its local business entity PEWETE EVO EUROPE S.R.L. in Bucharest, in order [...]

Vienna, 27 August 2018 In accordance with the Group's "Strategy of Growth" and for the sake of addressing growing market demands in WellProp's products from Clients side, the Management Board of Petro Welt Technologies AG approved elaboration of project documentation dedicated to the construction of second manufacturing line at the Kopeysk plant in [...]

  No debt maturing over the next four years. This strengthens the Group's possibilities to manage working capital and save secure liquidity position. The new interest rate at is set at 3.42% the above the 6-month EURIBOR rate which improves debt service conditions. The company has no other financial liabilities except for accumulated interest on [...]

Sales revenues in euros fell by 12.1% to EUR 154.4 million compared to the same period of the past year due to unexpected call-offs of previously contracted volumes Equity ratio remains stable at 55.9% Cash flow from operating activities almost doubled due to systematic optimization measures The company extended the due date of the EUR 100 million [...]

PRESS RELEASE Petro Welt Technologies AG's Ba3 rating confirmed by Moody's - Competitive business model with its primary focus on the high quality of service, use of modern technology, and long-standing relationship with Russian and Kazakhstan oil majors provides secure long term development. - Solid financial position proven by conservative [...]

PRESS RELEASE Results Q1/2018: Petro Welt Technologies AG posts strong EBIT increase - EBIT soared to EUR 5.5 million-a plus of 27.9%. - Profit before tax jumped by 19.6%. - Group result rose by 2.4% to EUR 4.3 million. Vienna, May 22, 2018. The Group generates sales revenues primarily in Russian rubles ; about 1,2% is contributed by the Kazakh [...]

Sales revenues increased by 3.0% in RUB and by 16.0% in EUR. - EBITDA rose by 2.0% from EUR 81.5 million in 2016 to EUR 83.1 million in 2017. - The consolidated net result increased by 21.6% to EUR 31.0 million. - The equity base rose by 3.7%, and the equity ratio is 55.2%. - CARBO Ceramics, the proppant manufacturer acquired in 2017, contributes [...]

- Sales revenues in EUR increased by 15.3% - EBITDA rose to EUR 68.9 million - Group result climbed by 5.5% to EUR 29.4 million - Equity base increased by 3.3%, equity ratio is 56.5% - Acquisition of Carbo Ceramics in September 2017 Vienna, 21 November 2017. In the first nine months of 2017, consolidated revenues increased by 15.3% compared with [...]