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03.08.2018 15:59:26
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DGAP-Adhoc: OTI Greentech AG: OTI Greentech AG Forecast for Fiscal Year 2018
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DGAP-Ad-hoc: OTI Greentech AG / Key word(s): Forecast Publication of insider information according to Article 17 of the MAR OTI Greentech AG Forecast for Fiscal Year 2018 Berlin, 3 August 2018 - OTI Greentech AG (WKN (German Securities Code) A0HNE8) is forecasting revenues of at least EUR 4.5 million for fiscal year 2018, a year characterised by ongoing restructuring activities. Revenues in the KMI Joint Venture are not consolidated and are not included in the revenue forecast. An EBITDA loss of no more than EUR -300 thousand and EUR -500 thousand is forecast. The company aims to achieve higher revenues and an improved EBITDA result. Positive EBITDA results are forecast for the following years after the ongoing restructuring has been completed in 2018. Information and Explanation of the Issuer to this News: The reported provisional figures for fiscal year 2017 have been confirmed. The last fiscal year was characterised by the impact of the sale of the loss-making Visionaire Energy Group in December. Revenues totaled EUR 7.49 million. EBITDA amounted to EUR -11.29 million, of which EUR 9.34 million was due to the one-off effect of deconsolidating the Visionaire Energy Group. Without the one-off effects from this transaction, operating EBITDA totaled The 2017 annual report is available in the investor relations section of the www.oti.ag website. Contact: OTI Greentech AG
03-Aug-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | OTI Greentech AG |
| Potsdamer Platz 1 | |
| 10785 Berlin | |
| Germany | |
| Phone: | +49 30 220 136 900 |
| Fax: | +49 30 690 884 88 |
| E-mail: | info@oti.ag |
| Internet: | www.oti.ag |
| ISIN: | DE000A0HNE89 |
| WKN: | A0HNE8 |
| Listed: | Regulated Unofficial Market in Dusseldorf |
| End of Announcement | DGAP News Service |
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710815 03-Aug-2018 CET/CEST
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