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Deutsche Rohstoff AG: Successful start to the new financial year

DGAP-News: Deutsche Rohstoff AG / Key word(s): Quarter Results Deutsche Rohstoff AG: Successful start to the new financial year 02.05.2022 / 10:41 The issuer is solely responsible for the content of this announcement. Deutsche Rohstoff AG: Successful start to the new financial year Consolidated net income for the first quarter EUR 12.8 million/Strong increase in equity capital

Mannheim. The Deutsche Rohstoff Group achieved a net income of EUR 12.8 million in the first quarter (previous year: EUR 11.7 million). At EUR 28.1 million, sales were significantly higher than in the previous year (EUR 17.9 million). EBITDA jumped to EUR 25.2 million in the first quarter, also higher than in the previous year (EUR 21.3 million). The quarterly report is now available on the company's website at www.rohstoff.de.

The result is based to a greater extent on operating income than in the first quarter of the previous year. This time, other operating income contributed only EUR 3.4 million to the consolidated result. In the previous year, the contribution had been more than twice as high at EUR 9.5 million. The losses from hedging, which totaled EUR 10.5 million (previous year: loss of EUR 1.6 million), had a negative impact on profits. For the rest of the year, however, the hedged production ratio is only around 40% and for 2023 it is below 10%. In the first quarter, an average oil price of USD 68.74/barrel after hedging losses and transport costs was achieved, well above the previous year (USD 48.09/barrel).

The consolidated balance sheet reflects the good results of the previous year and the first quarter. Consolidated equity increased to EUR 95.2 million as of March 31, 2022, compared to EUR 80.1 million at year-end 2021. In addition to the consolidated profit, the strong increase in the US-Dollar exchange rate also had a positive impact on equity. The equity ratio reached 32.4 percent compared to 30.2 percent as of December 31, 2021. Liquid assets of the extended definition (bank balances + securities held as fixed and current assets + current receivables) amounted to EUR 77.9 million at the end of the first quarter. Liabilities increased slightly to EUR 154.8 million. This is mainly due to the placement of the bond 19/24 at the beginning of February.