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Deutsche Rohstoff AG: Strong half year financials through Tekton sale

Deutsche Rohstoff AG / Key word(s): Interim Report

29.09.2014 08:00

Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Deutsche Rohstoff: Strong half year financials through Tekton sale
Group profit of EUR 65.4 million/Cash and equivalents of EUR 122 million

Heidelberg. Due to the sale of the major assets of Tekton Energy the
Deutsche Rohstoff group has achieved a record result in the first half of
the year. Sales of the group increased to EUR 22.05 million (previous year:
EUR 6.5 million), other operating income rose from EUR 0.57 million to EUR
101.73 million. Earnings before interest, taxes, depreciation and
amortization (EBITDA) improved from EUR 1.9 million to EUR 116.6 million,
earnings before interest and taxes (EBIT) rose to EUR 98.3 million and net
profit for the group increased to EUR 65.4 million. Minority interests made
up for EUR 30.6 million of group profit, so the consolidated earnings
amount to EUR 35.6 million. The equity ratio increased from 29% as of end
2013 to 42%. Cash and equivalents in the group were at EUR 122 million on
June 30th, they consisted of cash as well as securities classified as
current assets and fixed assets (all figures according to HGB,unaudited).

Thomas Gutschlag, CFO of Deutsche Rohstoff AG, said: "We are very pleased
with the most successful half year results in the companies history. Due to
the very high liquidity the company is currently in a very comfortable
situation. Our main focus of future investments will be in the US Oil & Gas
sector. We expect first transaction over the next weeks. In 2015 Cub Creek
will probably begin with a larger capital expenditure program. Our goal to
earn high returns for our shareholders remains set."

Deutsche Rohstoff AG, Heidelberg, published its semi-annual report today.
The German version of the report can be downloaded on the company's website
(www.rohstoff.de. English version is to follow soon.

Heidelberg, 29 September 2014

Deutsche Rohstoff (Heidelberg, Germany), listed in the Entry Standard
segment of Frankfurt Stock Exchange, is establishing a new primary
producer. The company's focus is placed on oil & gas and so called high
tech metals such as tin, tungsten, and rare earth metals. All projects are
located in political stable countries with high environmental standards.
The business concept is based on redeveloping deposits, which have been
well explored in the past. For more information please visit
www.rohstoff.de.

Contact:

Deutsche Rohstoff AG
Thomas Gutschlag
Tel. [phone]
[e-mail]


29.09.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: Deutsche Rohstoff AG
Friedrich-Ebert-Anlage 24
69117 Heidelberg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.rohstoff.de
ISIN: DE000A0XYG76, DE000A1R07G4,
WKN: A0XYG7, A1R07G
Indices: Entry Standard (Performance TOP 30)
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Frankfurt in
Open Market (Entry Standard)

End of Announcement DGAP News-Service

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