DGAP-Adhoc: PETROTEC AG: forecast for EBIT-margin for 2013 raised

PETROTEC AG / Key word(s): Change in Forecast/Final Results

23.10.2013 21:55

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Ad hoc acc. to §15 WpHG

Petrotec raises forecast for EBIT-margin for 2013

- 2013 sales expected to be at the upper end of range of EUR 150 to 190
mio.

- EBIT-margin expected to rise to between 3 % and 4 % from forecasted 2 %

Borken, October 23rd, 2013 - Petrotec AG (ISIN DE000PET1111), the largest
European producer of waste-derived biodiesel, mainly based on used cooking
oil, adjusts its forecast of sales and EBIT-margin for the current business
year 2013 given in March, 2013 (with publication of the group financial
figures 2012). Management expects sales to be at the upper end of the given
range of EUR 150 to 190 mio. EBIT-margin is expected to rise to between 3 %
and 4 % up from 2 % forecasted earlier this year taking into consideration
a typical slower winter season and planned plants maintenance expected to
result in a lower production capacity and lower profitability in Q4.

Petrotec will publish its full report on the third quarter on Nov 13, 2013
as scheduled.

Disclaimer

This ad hoc notification contains forward looking statements, which are
based on assumptions and estimates of the management of Petrotec AG.
Although Petrotec management believes that these assumptions and estimates
are correct, actual future developments and results can deviate
substantially from these assumptions and estimates due to many factors.
These factors can include alteration of the economic situation, legal and
regulatory constraints in Germany and the EU, and changes in Petrotec's
general business and competitive environment. Petrotec assumes no liability
and provides no warranty that future developments and actual future results
will conform with the assumptions and estimates expressed in this ad hoc
notification.

About Petrotec

Petrotec AG, Germany, is the largest European producer of waste-derived
biodiesel, mainly based on used cooking oil. The Company owns an overall
nominal production capacity of 185,000 tons per year at two locations in
Germany. Petrotec runs a vertically integrated business model including own
collection of used cooking oil from more than 15,000 collection points,
treatment and refining of the raw material up to the technologically
demanding production of waste-based biodiesel. The Company sells its
biodiesel primarily to large mineral oil companies in northwest Europe. The
usage of waste based biodiesel enjoys a preferential double counting scheme
granted by major EU countries as part of the mandatory blending quotas.
Petrotec's EcoPremium biodiesel provides significant environmental and
climate advantages with the highest CO2 emission reduction of 83% (compared
with fossil diesel) amongst all biofuels approved by the EU Renewable
Energy Directive (2009/28/EC). Since its IPO in 2006, Petrotec cleaned more
than 700,000 tons of waste and saved over 2 million tons of CO2 emissions.
Petrotec is a public listed company (ISIN DE000PET1111) in the regulated
market of Frankfurt Stock Exchange, in the Prime Standard segment,
complying with high international transparency standards. It has a capital
stock of 24,543,741 Euro, equaling 24,543,741 shares. Main shareholder is
IC Green Energy Ltd., Israel, with a stake of 69 percent, freefloat is
approx. 18 percent. In the business year 2012 (Jan. 1st to Dec. 31st)
Petrotec reached sales of EUR 166 mio. and generated an EBIT of EUR 2.9
mio. and a net profit of EUR 0.9 mio. The Company employs about 100
employees.

Press contact

Petrotec AG

Falk v. Kriegsheim

Investor Relations

Tel.: +49 (0) 172 9837109

ir@petrotec.de

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Language: English
Company: PETROTEC AG
Fürst-zu- Salm-Salm-Str. 18
46325 Borken-Burlo
Germany
Phone: +49 (0)2862 9100 19
Fax: +49 (0)2862 9100 99
E-mail: info@petrotec.de
Internet: www.petrotec.de
ISIN: DE000PET1111
WKN: PET111
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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