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Deutsche Rohstoff AG: Dividend increases after good financial year

Deutsche Rohstoff AG / Key word(s): Final Results/Dividend

10.05.2016 10:30

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 AG: Dividend increases after good financial year
High investments in US oil and gas production / Early repayment of bond
13/18 planned

Heidelberg. Deutsche Rohstoff Group successfully ended the 2015 fiscal year
with a consolidated net profit after minorities of EUR 1.15 million.
Executive and Supervisory Board will propose a dividend of 55 cent per
share (previous year: 50 cent per share) to the Annual General Meeting,
which will take place on 5 July 2016 in Wiesloch, near Heidelberg.

The positive net profit to a large extend results from currency gains. The
Group benefited from its high US-Dollar holdings due to the depreciation of
the Euro. For the full year, currency gains amounted to EUR 8.5 million.
Operations as well as accompanying oil and gas sales only started in
September 2015, after producing assets had been sold in 2014. Sales
amounted to EUR 1.9 million (previous year: EUR 22.9 million), earnings
before interest, taxes, depreciation and amortization (EBITDA) amounted to
EUR 4.9 million and earnings before interest and taxes (EBIT) amounted to
EUR 2.4 million.

The Group balance sheet remains very robust. On 31 December 2015, equity
amounted to EUR 61.8 million (previous year: EUR 62.6 million), with an
equity ratio of 48.3 % (previous year: 46.3 %). Cash (bank deposits and
securities in current and fixed assets) was available in the amount of EUR
83.03 million (previous year: EUR 103.33 million). Liabilities were further
reduced to EUR 62.2 million (previous year: EUR 67.8 million).

Deutsche Rohstoff AG as parent company generated an annual net profit of
EUR 3.36 million (previous year: 12.22 million) with sales revenues
amounting to EUR 0.36 million (previous year: 0.59 million).

Thomas Gutschlag, CEO of Deutsche Rohstoff, commented: "In 2015, we have
rebuilt our business in the United States and laid out the foundation for
growth in the years to come. Against this background, the result is very
pleasing. The increased dividend reflects our confidence. We will also have
higher earnings from the operational business in this and the following
years."

With its subsidiaries Elster Oil & Gas and Cub Creek Energy, Deutsche
Rohstoff started an extensive drilling program in the US. Six horizontal
wells have already commenced in late March. Starting in June, additional 20
wells are scheduled for drilling. Start of production of all wells is
expected between July and October.

In order to reduce costs of financing, Deutsche Rohstoff AG plans to use
it's right to call the bond 13/18, which bears interest at 8 % and reaches
maturity in July 2018. The bond can initially be called on July 11th 2016
at a price of 103%. In order not to restrict the existing financial
flexibility of the group, the company intends to place a new bond and to
offer existing bondholders an attractive opportunity to convert the
existing principal to the new bond. Detailed conditions for the new bond
are expected to be fixed by mid-June.

The consolidated financial statement of Deutsche Rohstoff Group, including
the Group's management report and the financial statement of Deutsche
Rohstoff AG are now available at the homepage of the company. The annual
report has also been published today. For now, only a German version is
available, an English version will follow shortly.

Heidelberg, 10 May 2016

Deutsche Rohstoff identifies, develops and divests attractive resource
projects in North America, Australia and Europe. The focus is on the
development of oil and gas opportunities within the United States. Metals,
such as gold, copper, rare earth elements, tungsten and tin complete our
portfolio. For more information please visit www.rohstoff.de.

Contact:

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


10.05.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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: Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart;
Open Market (Entry Standard) in Frankfurt

End of Announcement DGAP News-Service

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