Deutsche Rohstoff AG : Preliminary 2022 full year financials
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Deutsche Rohstoff AG : Preliminary 2022 full 12 months financials

EQS-Information: Deutsche Rohstoff AG

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Deutsche Rohstoff AG: Preliminary 2022 full 12 months financials

10.03.2023 / 09:04 CET/CEST
The issuer is solely accountable for the content material of this announcement.

Deutsche Rohstoff AG: Preliminary 2022 full 12 months financials
Internet earnings rises to EUR 66.2 million/Income and EBITDA in step with elevated steerage

Mannheim. For the total 12 months 2022, Deutsche Rohstoff Group generated income of EUR 165.4 million (steerage EUR 163 to 168 million; earlier 12 months: EUR 73.3 million), earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) of EUR 139.1 million (steerage EUR 138 to 143 million; earlier 12 months: EUR 66.1 million) and internet earnings of EUR 66.2 million or EUR 13.22 per share (earlier 12 months: EUR 26.4 million or EUR 5.19 per share). Income and EBITDA are thus inside the elevated steerage vary printed in December (see press launch, dated 12 December 2022). Total, the steerage was elevated 3 times throughout 2022 as a result of good operational growth, acquisitions and rising oil & gasoline costs.

Jan-Philipp Weitz, CEO, commented: “Our income of over EUR 160 million and earnings per share of over EUR 13, reveal that the investments and clear focus of the previous years have paid off. Deutsche Rohstoff AG has reached a brand new degree each operationally and when it comes to profitability. We’ve got created a wonderful foundation for the present 12 months and the approaching years and are assured that we will proceed to develop the corporate.”

The very sturdy working efficiency in 2022, with manufacturing of 9,600 BOEPD (barrels of oil equal per day), kinds the premise for this best-ever monetary consequence within the firm’s historical past. Throughout the 12 months, quite a few wells in Colorado, Wyoming and Utah commenced manufacturing. For 2023, the administration expects manufacturing to considerably exceed 10,000 BOEPD.

Along with the excessive earnings from operations, different working earnings amounted EUR 24.9 million in 2022. Of this, round EUR 7 million is attributable to the sale of round 444,000 shares in Northern Oil & Fuel, round EUR 3 million to the sale of acreage in North Dakota and an additional round EUR 7 million to international change good points, offset by international change losses of round EUR 3 million.

Oil and gasoline hedging resulted in a lack of EUR 38.9 million in 2022 (earlier 12 months: lack of EUR 14.3 million). For the total 12 months, oil realized 76.50 USD/BBL after hedges and round 91.50 USD/BBL earlier than hedges; the typical WTI worth was 94.9 USD/BBL.

Money and money equivalents (money and securities held as present and non-current belongings) out there to the Group as of 31 December 2022 amounted to roughly EUR 67.3 million (earlier 12 months: EUR 37.1 million). Fairness rose to EUR 132.4 million (earlier 12 months: EUR 80.5 million), rising the fairness ratio to 37.6% (earlier 12 months: 30.2%). Liabilities amounted to EUR 149.1 million (earlier 12 months: EUR 148.1 million). Internet liabilities (liabilities from bonds and to banks much less money and money equivalents) decreased to EUR 42.5 million (earlier 12 months: EUR 80.3 million).

Within the 4th quarter, income amounted to EUR 46.0 million , EBITDA to EUR 33.4 million and internet revenue to EUR 11.8 million. The working consequence after price of supplies and different working earnings of EUR 43.0 million was at a equally sturdy degree as in earlier quarters. As a result of sturdy motion of the EUR/USD change price from 0.97 on the finish of September to 1.08 on the finish of 2022, fairness decreased barely to EUR 132.4 million. Alternate price losses of within the quantity of two.4 have been incurred. The residual carrying quantity of Rhein Petroleum was written down by EUR 2.5 million. Moreover, the tax cost on deferred tax in This fall was round EUR 2.5 million greater than in earlier quarters.

All figures for 2022 are preliminary and unaudited. Deutsche Rohstoff AG is anticipated to publish the audited consolidated monetary statements and the annual report on 27 April 2023.

Mannheim, 10 March 2023

Deutsche Rohstoff AG
Tel. +49 621 490 817 0

10.03.2023 CET/CEST Dissemination of a Company Information, transmitted by EQS Information – a service of EQS Group AG.
The issuer is solely accountable for the content material of this announcement.

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