Petro Welt Technologies AG

The item "Balance at 31 December 2016 / Passiva" of the solo financial statement in the Annual Financial Report 2016 contains a typographical error. The last two figures before "Total Passiva" in the column "31.12.2016" were not updated correctly. These two figures should read as follows: thereof due within one year 9.245.392,70 thereof with a [...]

Results Q1/2017: Petro Welt Technologies AG with strong increase in sales revenues und EBITDA Sales revenues in euros increased by 30.7% to EUR 79.8 million EBITDA rose to EUR 17.1 million (+10.8%) Group result decreased by 1.5% to EUR 4.2 million Equity base increased by 8.9% - equity ratio at 57.9%. Vienna, May 22, 2017 - In the first quarter [...]

Competitive business model with solid market position in its niche segments. Stable demand for oilfield services in Russia, the company's core market. Solid asset base, a successful financial track record and a sound debt and liquidity profile provide the company with sufficient flexibility. Rating is limited by company's small size compared with [...]

The section "Remuneration Supervisory Board and Management Board" of the Corporate Governance Report 2016 contains a typographical error. The word "not" and the reason for such non-compliance were missing. This section should read as follows: "Petro Welt Technologies does not follow the recommendations of the German Corporate Governance Code [...]

Results 2016: Petro Welt Technologies AG significantly improved its level of profitability Sales revenues converted into rouble increased by 3.4% despite price pressure from the oil majors. Positive operational and economic performance created solid basis for profitability improvement. EBITDA margin widened from 25.3% to 26.8%. Combined with [...]

The Extraordinary General Meeting of C.A.T. oil AG on 25 February 2015 has elected a new Supervisory Board. The shareholders appointed the French major shareholder Maurice Dijols (63), the German counsellor Dr. Ralf Wojtek (69) and the French manager Remi Paul (48) to the Supervisory Board. The new members elected Maurice Dijols as Chairman of the [...]

Management and the Supervisory Board of Vienna based C.A.T. oil AG confirm the resignation of the chairman of the Supervisory Board, Mr Gerhard Strate, and the remaining members of the Supervisory Board with immediate effect. Mr Manfred Kastner, CEO, expressed on behalf of the Company gratitude and recognition for the long-standing and good [...]

C.A.T. oil AG (O2C, ISIN: AT0000A00Y78), one of the leading providers of oil and gas field services in Russia and Kazakhstan, has been informed today by AB PCO, an investment company by C.A.T. oil AG’s former Chief Operating Officer and shareholder Anna Brinkmann, that the District Court of Limassol/Cyprus has issued an interim injunction against [...]

C.A.T. oil AG (O2C, ISIN: AT0000A00Y78), the provider of oil and gas field services in Russia and Kazakhstan, informs about the 2015 tendering campaign: despite the difficult macroeconomic environment in its core markets and the weak oil price the Company has successfully placed more than 90% of its fracking capacities, around 75% of its drilling [...]

Anna Brinkmann, member of the management board and Chief Operating Officer of C.A.T. oil AG (O2C, ISIN: AT0000A00Y78; “the Company”), has, in agreement with the supervisory board, resigned from the Company’s management board with immediate effect. She has decided to take this step in order to be able to exercise her rights as significant [...]