EQS-News

Preliminary Group figures for 2023 confirm record year - Seite 3

Preliminary operating cash flow amounted to around EUR 135 million in 2023, while 2023 also marked record investments of around EUR 200 million in drilling and pipeline infrastructure. Adjusted for the sale of the Utah areas and other effects, cash flow from investments amounted to around EUR 145 million. Free cash flow before financing expenses such as interest, bond repayments and dividends was therefore negative by EUR 10 million.

Henning Döring, CFO, commented: “Thanks to the strong production and the Utah sale, we were able to finance the record investments in 2023 by 95% from operating cash flow. The gearing ratio has only increased slightly. This has created a solid basis for continuing our profitable growth in 2024 and further strengthening our balance sheet structure.”

All figures for 2023 are preliminary and unaudited. Deutsche Rohstoff AG expects to publish the audited consolidated financial statements and the annual report on 23 April 2024.


Mannheim, 12 March 2024


Contact
Deutsche Rohstoff AG
Phone [phone]
[e-mail]
 

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12.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language:	English
Company:	Deutsche Rohstoff AG
	Q7, 24
	68161 Mannheim
	Germany
Phone:	0621 490 817 0
E-mail:	[e-mail]
Internet:	www.rohstoff.de
ISIN:	DE000A0XYG76
WKN:	A0XYG7
Indices:	Scale
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1856169