OTI Greentech AG
OTI Greentech AG informs about preliminary figures for 2020
DGAP-News: OTI Greentech AG
/ Key word(s): Preliminary Results
OTI Greentech AG informs about preliminary figures for 2020 The 2020 group sales revenues of around EUR 5.0 million are approximately 6.3% above prior year (2019: EUR 4.7 million). Despite the COVID-19 pandemic, OTI has hence been able to extend its sales revenues during the fiscal year. However, the forecast sales target of EUR 5.5 million was not fully met. During the second half-year, the sales revenues of the joint venture in the USA were lower than anticipated because the recovery of the relevant US industries from the COVID-19 pandemic was slower than predicted. John C. Kisalus, CEO of OTI Greentech AG, explains: “In 2020 our focus was on the restoration of operating profitability. We have achieved this objective despite the pandemic. Together with the implementation of the balance sheet restructuring, we have laid the foundation for a profitable future. The current capital increase to finance the take-over of KMI Cleaning Solutions, Inc. will have a supporting effect, and turn 2021 into an outstanding year for the company, its employees and its shareholders. We are convinced of this.” The Annual Report of OTI Greentech AG will probably be published on 30 June 2021 and will then be available in the Investor Relations section under www.oti.ag. About OTI Greentech AG OTI Greentech’s patented surfactant-based technology provides innovative sustainable and cost-efficient solutions for various industrial cleaning challenges, with potential for application in land remediation. Through its subsidiaries OTI Greentech Innovative Solutions and Uniservice Unisafe, OTI Greentech has more than 30 years of experience. OTI Greentech Innovative Solutions offers innovative, environmentally friendly products and solutions for the cleaning and decontamination of oil-based contaminants, and is the owner of the patented ECOSOLUT product line. Through Uniservice Unisafe a full range of products and services are provided to the global shipping industry in all major ports worldwide. Through its joint venture in the USA, the group offers innovative, sustainable and tailor-made solutions to its customers in land-based industrial cleaning. The OTI Greentech group currently has over 20 employees in Europe and the USA. The shares of OTI Greentech AG are listed on the Düsseldorf Stock Exchange (WKN A2TSL2). Corporate headquarters are located in Berlin, Germany. Contact: OTI Greentech AG edicto GmbH
28.04.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | OTI Greentech AG |
Friedrichstraße 79 | |
10117 Berlin | |
Germany | |
Phone: | +49 30 887 865 62 |
Fax: | +49 30 690 884 88 |
E-mail: | info@oti.ag |
Internet: | www.oti.ag |
ISIN: | DE000A2TSL22 |
WKN: | A2TSL2 |
Listed: | Regulated Unofficial Market in Dusseldorf |
EQS News ID: | 1190088 |
End of News | DGAP News Service |