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C.A.T. oil AG / Announcement according to Articles 37v,37w, 37x et seqq. of the WpHG (the German Securities Act) with the objective ofEurope-wide distribution

Published: November 26, 2015; 18:31 · (Vindobona)

C.A.T. oil AG is declaring its financial reporting publication plan below.

C.A.T. oil AG / Announcement according to Articles 37v,37w, 37x et seqq. of the WpHG (the German Securities Act) with the objective ofEurope-wide distribution / Picture: © Vindobona.org

 

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Tip announcement for financial statements transmitted by euro adhoc. The
issuer is responsible for the content of this announcement.
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C.A.T. oil AG: More jobs in Russia, but currency translation puts pressure
on key figures for the first nine months of 2015

The company C.A.T. oil AG is declaring its financial reporting publication
plan below:

Report Type: Group-Interim Announcement Within The Second Half Of The Year

German:
Publication Date : 26.11.2015

Publication Location: http://www.catoilag.com/financialreports.aspx

English:
Publication Date : 26.11.2015

Publication Location: http://www.catoilag.com/financialreports.aspx

COMMENT: C.A.T. oil AG: More jobs in Russia, but currency translation puts
pressure on key figures for the first nine months of 2015

- Sales revenues in rouble increase by 8.6%
- Rouble declines by 38.1% yoy
- Consolidated sales revenues in EUR by 21.4% lower
- Consolidated net result lower by 49.7% at EUR 22.8 million
- Equity base and cash flow held on high level - equity ratio strenghtend
- Stagnating market confirms correctness of decision to pursue
conservative

investment policy - Full capacity utilization of all plants in 2015
assured

in EUR million Q1-Q3 2015 Q1-Q3 2014 Change
Sales revenues 254.6 323.9 (21.4)%
EBIT 34.1 58.4 (41.7)%
Equity 167.3 171.2 (2.2)%
Employees 3,311 2,920 +13,4%

 

Vienna/Moscow, November 26th, 2015

An ongoing plus in the service job count during the first nine months of the
current financial year mitigated the effects of the considerable devaluation of
the Russian rouble on C.A.T. oil Group's nine months results, denominated in
euros. Facilitated by the expansion of capacities, which was completed in May,
the service job count in the Well Services segment rose by 10.9% yoy to 3,705,
while the Drilling, Sidetracking and Integrated Project Management segment
recorded a 16.5% increase to 226 jobs. All in all, the oilfield and gasfield
service provider operating in Russia recorded total sales revenues of EUR 254.6
million (Q1-Q3 2014: EUR 323.9 million), a decline of 21.4%, whereas in the
same period the rouble lost 38.1% against the euro. C.A.T. oil AG Group revenue
calculated in rouble raised yoy by 8.6%.

The Group's cost of sales decreased less than sales revenues in the nine
months. As at 30 September, they amounted to EUR 204.9 million, which is 18.3%
lower than in the first nine months of 2014 (Q1-Q3 2014: EUR 250.8 million).
The reason for this development was the increase in employees at 3,311. C.A.T.
oil's headcount increased by 13,4% yoy. Given the challenging environment in
the oilfield industry, the management does not plan to increase the number of
employees.

EBITDA amounted to EUR 67.4 million for Q1-Q3 2015 (Q1-Q3 2014: EUR 93.8
million); the EBITDA margin was 26.5%, as compared to 28.9% in the previous
year. EBIT contracted by 41.7% to EUR 34.1 million in the reporting period, and
the EBIT margin dropped from 18.0% to 13.4% in the first nine months of the
year 2015.

Cash flow and equity held on high level Cash flow from operating activities
tapered by 5.0% to EUR 48.2 million for Q1-Q3 2015 (Q1-Q3 2014: 50.7 million).
The negative effect of the decrease in profit was partly compensated by better
collection of receivables and more effective use of credit by the contractors.
The Group was able to keep the cash position at the level of the end of
September 2014. The equity ratio raised from 45.2% as at December 31 2014 to
48.6% as at September 30 2015.

Management confirms outlook for the rest of the year The Management of
C.A.T. oil AG reiterates to the outlook for the year 2015, still expecting
revenues to lie between EUR 310.0 million and EUR 320.0 million, with an EBITDA
of between EUR 75.0 million and EUR 85.0 million (based on a RUB/EUR exchange
rate of 75/1).

The full report on the first three quarters of 2015 is available for
download on our corporate website at www.catoilag.com.

end of announcement euro adhoc
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issuer: C.A.T. oil AG
Kärntner Ring 11-13
A-1010 Wien

phone: +43(0) 1 535 23 20 - 0

FAX: +43(0) 1 535 23 20 - 20
mail: ir@catoilag.com
WWW: http://www.catoilag.com
sector: Oil & Gas - Upstream activities
ISIN: AT0000A00Y78

indexes: SDAX, Classic All Share, Prime All Share stockmarkets: regulated
dealing/prime standard: Frankfurt language: English

Digital press kit: http://www.ots.at/pressemappe/EASY_61923/aom

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