Petro Welt Technologies AG: Update regarding the impact of COVID-19

Vienna, May 8, 2020
In light of the current COVID-19 restrictions on business and its unprecedented impact on oil prices as well as customers' requests for reduction or delay of work volumes, Petro Welt Technologies AG expects revenue of EUR 280-285 million for 2020. According to preliminary figures, revenue was EUR 298.4 million in 2019. The profit estimate for 2020 is subject to review pending analysis of orders cancelled and ongoing negotiations with customers and is thus currently not possible.

The following changes of the financial calendar are necessary as a result of COVID-19 measures:

• Petro Welt Technologies AG hereby announces that the date for the publication of the 2019 financial statements will be announced on May 19, 2020.
• Analyst conference call will be re-scheduled from May 15 to May 29, 2020.
• Publication of Q1 interim report 2020 will be re-scheduled from May 25 to May 27, 2020.

About Petro Welt Technologies AG
Petro Welt Technologies AG, which is domiciled in Vienna, is one of the leading and first established OFS companies in Russia and the CIS and is specialized in services which increase the productivity of new as well as existing oil & gas formations.

Contact
Konstantin Huber (be.public)
Investor Relations
T: +43 1 503 2 503-29
huber@bepublic.at