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    EANS-Tip Announcement  1872  0 Kommentare C.A.T. oil AG / Announcement according to Articles 37v, 37w, 37x et seqq. of the WpHG (the German Securities Act) with the objective of Europe-wide distribution

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    Tip announcement for financial statements transmitted by euro adhoc. The
    issuer is responsible for the content of this announcement.
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    C.A.T. oil AG: More jobs in Russia, but currency translation puts pressure on
    key figures for the first nine months of 2015

    The company C.A.T. oil AG is declaring its financial reporting publication plan
    below:

    Report Type: Group-Interim Announcement Within The Second Half Of The Year
    German:
    Publication Date : 26.11.2015
    Publication Location: http://www.catoilag.com/financialreports.aspx
    English:
    Publication Date : 26.11.2015
    Publication Location: http://www.catoilag.com/financialreports.aspx

    COMMENT: C.A.T. oil AG: More jobs in Russia, but currency translation puts
    pressure on key figures for the first nine months of 2015

    - Sales revenues in rouble increase by 8.6%
    - Rouble declines by 38.1% yoy
    - Consolidated sales revenues in EUR by 21.4% lower
    - Consolidated net result lower by 49.7% at EUR 22.8 million
    - Equity base and cash flow held on high level - equity ratio strenghtend
    - Stagnating market confirms correctness of decision to pursue conservative
    investment policy
    - Full capacity utilization of all plants in 2015 assured

    in EUR million Q1-Q3 2015 Q1-Q3 2014 Change
    Sales revenues 254.6 323.9 (21.4)%
    EBIT 34.1 58.4 (41.7)%
    Equity 167.3 171.2 (2.2)%
    Employees 3,311 2,920 +13,4%

    Vienna/Moscow, November 26th, 2015

    An ongoing plus in the service job count during the first nine months of the
    current financial year mitigated the effects of the considerable devaluation of
    the Russian rouble on C.A.T. oil Group's nine months results, denominated in
    euros. Facilitated by the expansion of capacities, which was completed in May,
    the service job count in the Well Services segment rose by 10.9% yoy to 3,705,
    while the Drilling, Sidetracking and Integrated Project Management segment
    recorded a 16.5% increase to 226 jobs. All in all, the oilfield and gasfield
    service provider operating in Russia recorded total sales revenues of EUR 254.6
    million (Q1-Q3 2014: EUR 323.9 million), a decline of 21.4%, whereas in the same
    period the rouble lost 38.1% against the euro. C.A.T. oil AG Group revenue
    calculated in rouble raised yoy by 8.6%.

    The Group's cost of sales decreased less than sales revenues in the nine months.
    As at 30 September, they amounted to EUR 204.9 million, which is 18.3% lower
    than in the first nine months of 2014 (Q1-Q3 2014: EUR 250.8 million). The
    reason for this development was the increase in employees at 3,311. C.A.T. oil's
    headcount increased by 13,4% yoy. Given the challenging environment in the
    oilfield industry, the management does not plan to increase the number of
    employees.

    EBITDA amounted to EUR 67.4 million for Q1-Q3 2015 (Q1-Q3 2014: EUR 93.8
    million); the EBITDA margin was 26.5%, as compared to 28.9% in the previous
    year. EBIT contracted by 41.7% to EUR 34.1 million in the reporting period, and
    the EBIT margin dropped from 18.0% to 13.4% in the first nine months of the year
    2015.

    Cash flow and equity held on high level
    Cash flow from operating activities tapered by 5.0% to EUR 48.2 million for
    Q1-Q3 2015 (Q1-Q3 2014: 50.7 million). The negative effect of the decrease in
    profit was partly compensated by better collection of receivables and more
    effective use of credit by the contractors. The Group was able to keep the cash
    position at the level of the end of September 2014. The equity ratio raised from
    45.2% as at December 31 2014 to 48.6% as at September 30 2015.

    Management confirms outlook for the rest of the year
    The Management of C.A.T. oil AG reiterates to the outlook for the year 2015,
    still expecting revenues to lie between EUR 310.0 million and EUR 320.0 million,
    with an EBITDA of between EUR 75.0 million and EUR 85.0 million (based on a
    RUB/EUR exchange rate of 75/1).

    The full report on the first three quarters of 2015 is available for download on
    our corporate website at www.catoilag.com.

    end of announcement euro adhoc
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    issuer: C.A.T. oil AG
    Kärntner Ring 11-13
    A-1010 Wien
    phone: +43(0) 1 535 23 20 - 0
    FAX: +43(0) 1 535 23 20 - 20
    mail: ir@catoilag.com
    WWW: http://www.catoilag.com
    sector: Oil & Gas - Upstream activities
    ISIN: AT0000A00Y78
    indexes: SDAX, Classic All Share, Prime All Share
    stockmarkets: regulated dealing/prime standard: Frankfurt
    language: English





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    EANS-Tip Announcement C.A.T. oil AG / Announcement according to Articles 37v, 37w, 37x et seqq. of the WpHG (the German Securities Act) with the objective of Europe-wide distribution - Tip announcement for financial statements transmitted by euro adhoc. The issuer is responsible for the content of this announcement. - C.A.T. oil AG: More jobs in Russia, but currency translation puts pressure on key figures for the first nine …