OTI Greentech AG Unveils Preliminary Results for 2023: A Sneak Peek

• OTI Greentech AG, an international provider of sustainable chemical products and services, reported preliminary results for 2023.
• The company generated sales of EUR 17.65 million in 2023, slightly above the forecast of around EUR 17.3 million.
• Group EBITDA is expected to be slightly negative, contrary to the forecast of a positive EBITDA for 2023.
• The operating EBITDA of the subsidiaries was clearly positive and amounted to around EUR 0.5 million, excluding Group allocations.
• The negative EBITDA is due to the set-up costs of the KMI Industrial Services Division, which were significantly reduced in the second half of 2023.
• The final figures for the 2023 financial year, along with the 2023 Annual Report, will be published on the company's website on June 28, 2024.