DGAP-Adhoc

PETROTEC AG: Preliminary figures for the second quarter of 2015 indicate a lower turnover and a weaker EBIT margin

PETROTEC AG / Key word(s): Quarter Results

21.07.2015 17:07

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Borken, 21 July 2015

Quarterly figures

PETROTEC AG: Preliminary figures for the second quarter of 2015 indicate a
lower turnover and a weaker EBIT margin

Borken, 21 July 2015 - PETROTEC AG (ISIN DE000PET1111), one of the largest
European producers of waste based biodiesel predominantly from used cooking
oil, has according to preliminary figures generated a group turnover in the
second quarter of 2015 (1 April to 30 June) of EUR 34m, corresponding to a
reduction by 31% compared to the second quarter 2014 EUR 50.0m (Sales for
the first half of 2015 - 61m in 2015 compared with 96m in first half of
2014). The EBIT margin for the second quarter 2015 has according to
preliminary figures fallen to around a negative 2.4%, compared to a
positive 1.5% in the second quarter of 2014 (for the first half of 2015 -
negative 2,7% in 2015 compared with 0% in first half of 2014). The reasons
are mainly the generally lower price level for biodiesel and the lower
trading volume on the purchasing side from other producers.

As a result, the company management has revised its guidance for the
financial year 2015 as announced on 18 March 2015 and still expects the
annual sales to meet its original guidance of EUR 100m to 150m, however
expects the EBIT margin to drop to a range of -2 and -4%.

The above is based on preliminary figures not yet reviewed by the company
auditor and is subject to further adjustments.

PETROTEC will provide details on the results for the second quarter 2015 on
12th of August 2015.

Disclaimer

This ad hoc notification contains forward looking statements, which are
based on assumptions and estimates of the management of PETROTEC AG.
Although PETROTEC management believes that these assumptions and estimates
are correct, actual future developments and results can deviate
substantially from these assumptions and estimates due to many factors.
These factors can include alteration of the economic situation, legal and
regulatory constraints in Germany and the EU, and changes in PETROTEC's
general business and competitive environment. PETROTEC assumes no liability