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    EANS-News  183  0 Kommentare C.A.T. oil AG Annual Report 2015: Successful operations under challenging market conditions, but currency and oil price stress earnings and financial results in euro

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    Corporate news transmitted by euro adhoc. The issuer/originator is solely
    responsible for the content of this announcement.
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    Subtitle: • Results in line with guidance • Revenue in Russian
    roubles increased by 4.4% • Sales revenues in euros decreased by
    21.8% to EUR 322.5 million • EBITDA contracted by 28.0% to EUR 81.5
    million • Consolidated net profit reached EUR 20.3 million in 2015 •
    Equity ratio improved from 44.5% to 48.3% • No dividend payment
    proposed to AGM to keep key financials strong as a necessary basis
    for future development

    Financial Figures/Balance Sheet/Publication of Annual report 2015

    Operating performance of the Group

    2015 was a defining year for C.A.T. oil AG, a year in which the
    foundation was laid for the further development of the Group. In
    spite of extremely challenging economic conditions, the C.A.T. oil
    Group led by a new management team developed satisfactorily, both in
    terms of its operating business as well as from a financial point of
    view.

    The number of service jobs increased from 4,489 in 2014 to 4,975 in
    2015, comprising an increase of 10.8%. Revenue generated in Russian
    roubles was up by 4.4%. The consolidated financial statements
    expressed in euros show a performance slightly above the original
    guidance and the expected results. Revenue for the year 2015 totaled
    EUR 322.5 million, whereas EBITDA and EBIT amounted to EUR 81.5 and
    31.0 million respectively. Accordingly, C.A.T. oil AG performed
    clearly better than its peers.

    Yury Semenov, CEO, and Valeriy Inyushin, CFO, on the performance of
    C.A.T. oil AG: "We are proud of our achieving an increase in the
    number of contract scopes and revenues in the local currency despite
    the backdrop of the current market environment featuring difficult
    conditions for the oil field service business in Russia and CIS. We
    maintained our financial solidity by a proactive approach in
    managing, by a disciplined cost control and strong balance sheet
    structure, enabling us to calmly and confidently look ahead to the
    upcoming months. Today, we have already marketed almost all our
    operation capacities across all service segments for the year 2016."

    The most important business achievements of C.A.T. oil Group in 2015
    were as follows:

    - The company's market position was maintained in drilling and expanded in
    the fracturing segment.
    - A sufficient EBITDA margin and operating cash flow continued to be
    generated.
    - Capex and opex control were optimized.
    - The Group business was converted to the self-financing model without the
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    EANS-News C.A.T. oil AG Annual Report 2015: Successful operations under challenging market conditions, but currency and oil price stress earnings and financial results in euro - Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. - Subtitle: • Results in line with guidance • Revenue in Russian roubles increased by 4.4% • Sales …