Oil, Gas and Consumable Fuels
Company Overview of Petrotec AG
Petrotec AG, through its subsidiaries, produces and distributes biodiesel from used cooking oil primarily in Germany. It processes fresh vegetable oils, such as rape seed, soy, and palm oil; and oils and fats, including yellow grease, animal fats and oils, and fish oils. The company also offers by-products, such as glycerin and distillation residues. Petrotec AG sells its biodiesel to mineral oil dealers, petroleum companies, and wholesalers. Petrotec AG is headquartered in Borken, Germany. As of December 24, 2014, Petrotec AG operates as a subsidiary of REG European Holdings B.V.
Key Executives for Petrotec AG
Chief Executive Officer and Member of Management Board
Head of Investor Relations & Public Relations
Compensation as of Fiscal Year 2015.
Petrotec AG Key Developments
Petrotec AG Reports Group Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Revises Sales Guidance for the Year 2015
Nov 11 15
Petrotec AG reported group earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported sales revenues of EUR 36.7 million compared to EUR 38.3 million a year ago. EBITDA was EUR 0.9 million compared to EUR 0.3 million a year ago. EBIT was EUR 0.2 million compared to LBIT of EUR 0.4 million a year ago. LBT was EUR 0.2 million compared to EUR 0.8 million a year ago. Loss was EUR 0.2 million or 0.01 per undiluted share compared to EUR 0.8 million or 0.03 per undiluted share a year ago.
For the nine months, the company reported sales revenues of EUR 97.6 million compared to EUR 134.3 million a year ago. EBITDA was EUR 0.7 million compared to EUR 1.6 million a year ago. LBIT was EUR 1.5 million compared to EUR 0.4 million a year ago. LBT was EUR 2.5 million compared to EUR 1.6 million a year ago. Loss was EUR 2.5 or EUR 0.10 per undiluted share compared to EUR 1.6 million or EUR 0.07 per undiluted share a year ago. Operative cash flow was EUR 1.8 million compared to EUR 11.2 million a year ago.
The company revised its earnings guidance for the financial year 2015. The company still expects the annual sales to meet its original guidance of EUR 100 million to EUR 150 million.
Petrotec AG to Report Q3, 2015 Results on Nov 11, 2015
Oct 20 15
Petrotec AG announced that they will report Q3, 2015 results on Nov 11, 2015
Petrotec AG(DB:PT8) dropped from Germany OkoDAX Index (Performance)
Oct 6 15
Petrotec AG will be removed from Germany OkoDAX Index (Performance).
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