EQS-Adhoc

Deutsche Rohstoff AG: Dividend proposal of EUR 1.75 per share for 2023 and share buyback with a volume of up to EUR 4 million - Seite 2

Forecast 2024 & 2025

Today, the company is publishing a forecast for 2025 for the first time. It had already raised its forecast for 2024 in mid-April (see ad-hoc press release dated 10 April 2024):

Base scenario 2024:
Group revenue: EUR 210 to 230 million
EBITDA: EUR 160 to 180 million

The Executive Board expects the following revenue and EBITDA figures for the 2025 fiscal year:

Base scenario 2025:
Group revenue: EUR 180 to 200 million
EBITDA: EUR 125 to 145 million

The base scenario for both years is based on an oil price of USD 75/barrel, a gas price of USD 2 and a EUR/USD exchange rate of 1.12 for the remainder of 2024 and 2025.

The company's management report published today also includes a scenario with an oil price of USD 85/barrel and a gas price of USD 3 for the remainder of 2024 and for 2025.

Increased price scenario 2024:
Group revenue: EUR 235 to 255 million
EBITDA: EUR 180 to 200 million

Increased price scenario 2025:
Group revenue: EUR 210 to 230 million
EBITDA: EUR 150 to 170 million

The Executive Board expects to be able to achieve a clearly positive Group result in both years.


Group figures confirm preliminary results; IFRS figures exceed HGB figures

In the 2023 fiscal year, Deutsche Rohstoff Group generated revenue of EUR 196.7 million (forecast: EUR 188 to 198 million; previous year: EUR 165.4 million), earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 158.3 million (forecast: EUR 152 to 162 million; previous year: EUR 139.1 million) and consolidated earnings after minority interests of EUR 65.2 million or EUR 13.02 per share (previous year: EUR 60.8 million or EUR 12.15 per share). Consolidated net profit before minority interests amounted to EUR 67.5 million (previous year: EUR 66.2 million).

As of 31 December 2023, the Group had cash and cash equivalents (bank balances and marketable securities) of around EUR 82.2 million (previous year: EUR 54.2 million) at its disposal. Equity rose to EUR 187.5 million (previous year: EUR 132.4 million) and the equity ratio to 38.0% (previous year: 37.8%). Total assets amounted to EUR 493.8 million (previous year: EUR 350.3 million). Liabilities increased to EUR 204.8 million (previous year: EUR 149.9 million) and provisions to EUR 48.5 million (previous year: EUR 32.7 million). Net financial liabilities (liabilities from bonds and to banks less cash and cash equivalents) increased to EUR 79.1 million (previous year: EUR 55.7 million). The debt ratio (net financial liabilities in relation to EBITDA) was 0.5 (previous year: 0.4).