EANS-News

Q1-Q3 2016: Petro Welt Technologies AG continuously lifts profitability

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Subtitle: • Sales revenues in rouble increased by 3.2%, in EUR they
declined by 10.4% despite Rouble depreciation of 15.1% yoy on average
year basis • EBITDA margin improved from 26.5% to 28.7% •
Consolidated net result raised by 22.6% to EUR 28.0 million • Equity
base increased by 40.1% – equity ratio at 53.9% • Strong liquidity
position: managerial cash position grew from January to September by
113% to EUR 85.8 million • Acquired Kazakh operations contribute to
revenue and net profit • Positive financial performance in Q1-Q3
creates solid basis for reliable profits generation in full 2016

quarterly report/Interim Report for the first three quarters of 2016

In the first nine months of 2016 Petro Welt Technologies AG, Vienna
(formerly C.A.T oil AG, change of name at August 23, 2016) continued
the sound development of its business operations despite the
challenging environment in the industry and improved the level of
profitability significantly: The revenues in Russian Roubles
increased by 3.2% compared to the same period of previous year,
revenues in Euro decreased by 10.4%, which is less than the 15.1%
depreciation of the currency.

EBITDA margin rose to 28.7% and the equity ratio improved from 48.3%
to 53.9%. This positive development of the company is attributable to
management efforts to optimize cost of sales, to limit administrative
and financial expenses, raise synergies between the companies of
PeWeTe Group and to enhance the share of multi-stage fracturing
operations. The geographical expansion of operations in Siberia and
southern Orenburg contributes to the growth as well as the
acquisition of a fracturing company in Kazakhstan in September this
year.

"18 months after we assumed management control of the company we can
state that we accomplished the most important goal to reorganize the
company and reach a satisfactory profitability level under most
difficult market conditions", states Yury Semenov, CEO of Petro Welt
Technologies AG and adds: "From this basis, which we will constantly
improve, we can take a chance to enter new ventures and grow Petro
Welt Technologies further under the precondition of sustainable
profitability."

Successful Acquisition Petro Welt Technologies AG, Vienna, concluded
the acquisition of the Kazakh fracturing subsidiary of Trican Well
Service Ltd., Calgary on 1 September 2016. The acquired firm, which
was renamed to Petro Welt Technologies Kazakhstan LLP, is specialized
in fracturing and actively serves a number of international and local
customers throughout Kazakhstan. The business activities of the
company, the technologies in use and the quality of the services
offered are complementary to the fracturing segment of Petro Welt
Technologies in Kazakhstan. So the deal should produce beneficial
synergies for the Group. The integration of the acquired company in
the corporate structures of Petro Welt Technologies AG will be
completed by the end of the year. In September 2016, Petro Welt
Technologies Kazakhstan LLP contributed revenue of EUR 278 thousand
and a net profit of EUR 62 thousand to the business results of the
Group.

Confident outlook for 2016 The positive development of the company's
financial performance indicators during the first nine months of 2016
creates a sound basis for reliable profit generation. The management
anticipates sales revenue to reach approx. EUR 295 - 300 million in
2016, and the management hopes to maintain the improved EBIT margin
at the range of 13 - 15%. In turn, this could enable the company to
outperform last year's operating results and reach a level of EUR 39
- 41 million in 2016. This forecast does not take account of
potential external economic shocks.

The full report on the first three quarters of 2016 is available for
download on our corporate website at www.catoilag.com.

Further inquiry note:
Bernhard Grabmayr
SCHOLDAN&Comp.
Bernhard Grabmayr
[e-mail]
[phone]

end of announcement euro adhoc
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company: Petro Welt Technologies AG
Kärntner Ring 11-13
A-1010 Wien
phone: [phone] - 0
FAX: [phone] - 20
mail: [e-mail]
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