DGAP-Adhoc

Q1 2022 results for Petro Welt Technologies AG: The Group closed Q1 2022 with a positive EBIT of EUR 1.1 million

DGAP-Ad-hoc: Petro Welt Technologies AG / Key word(s): Quarterly / Interim Statement/Quarter Results Q1 2022 results for Petro Welt Technologies AG: The Group closed Q1 2022 with a positive EBIT of EUR 1.1 million 27-May-2022 / 22:38 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. AD-HOC ANNOUNCEMENT Q1 2022 results for Petro Welt Technologies AG: The Group closed Q1 2022 with a positive EBIT of EUR 1.1 million

•  Rising job numbers in all business segments
•  Group revenue increased by 37.9% to EUR 62.4 million
•  Multiple growth in gross profit to EUR 7.4 million (Q1 2021: EUR 1.5 million)
•  EBITDA margin rose to 12.7% (Q1 2021: 7.5%)
•  Financial stability ensured despite uncertain times

Vienna, May 27, 2022
In 2022, the ongoing political tensions in the Eastern European region intensified as a result of the situation in Ukraine, which negatively affected the commodity and financial markets and increased volatility, especially in the case of exchange rates. The RUB/EUR exchange rate as of the reporting date March 31, 2022, jumped by 11.4% to RUB 93.7 per euro, compared to December 31, 2021. Likewise, compared to Q1 2021, the average exchange rate for Q1 2022 increased by 7.5%.

Revenue increased by 37.9% to EUR 62.4 million in the reporting period from EUR 45.2 million in the first three months of 2021. This was made possible by the recovery of the global economy and the Russian economy following the COVID-19-related recession, the gradual lifting of the OPEC+ restrictions and more successful contracting by the Group itself. Converted into RUB, the Group’s main operating currency, revenue grew by 48.4%.

The Well Stimulation segment showed a particularly positive development in the reporting period. The number of jobs performed in Q1 2022 increased by 54.8% to 1,187 (Q1 2021: 767). As a result, revenue for the Well Stimulation segment increased by 61.3% to EUR 29.2 million (Q1 2021: EUR 18.1 million). Due to the positive market environment, the management was also able to improve performance in the Drilling, Sidetracking, and IPM segment. Revenue in this segment increased by 22.9% to EUR 31.1 million, driven by a 75.0% growth in the number of jobs to 84 (Q1 2021: 48 jobs).