Deutsche Rohstoff AG Reports Record Revenue in 2024

Deutsche Rohstoff AG announced preliminary financials for 2024, revealing a record revenue of EUR 235.4 million, marking a 20% increase from the previous year. This figure surpasses the upper end of their guidance range. EBITDA reached EUR 167.6 million, aligning within forecasted expectations, while consolidated net income stood at EUR 50.2 million despite the absence of prior year's divestment impacts.

The company achieved its highest ever production levels with approximately 14,750 BOEPD, aiding revenue and EBITDA growth. The average oil price realized was USD 73.20 per barrel. Equity rose to EUR 238 million with an equity ratio of 43%. However, cash reserves decreased to EUR 19.7 million from EUR 82.2 million, as net financial liabilities increased.

CEO Jan-Philipp Weitz highlighted the dynamic growth of their core oil and gas operations in the USA. The investment in production infrastructure has broadened their base and reduced costs, positioning the company for continued development in upcoming years.