26.11.2015, 4422 Zeichen



Tip announcement for financial statements transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
C.A.T. oil AG: More jobs in Russia, but currency translation puts pressure on key figures for the first nine months of 2015
The company C.A.T. oil AG is declaring its financial reporting publication plan below:
Report Type: Group-Interim Announcement Within The Second Half Of The Year
German: Publication Date : 26.11.2015

Publication Location: http://www.catoilag.com/financialreports.aspx
English: Publication Date : 26.11.2015

Publication Location: http://www.catoilag.com/financialreports.aspx
COMMENT: C.A.T. oil AG: More jobs in Russia, but currency translation puts pressure on key figures for the first nine months of 2015
Sales revenues in rouble increase by 8.6%\nRouble declines by 38.1% yoy\nConsolidated sales revenues in EUR by 21.4% lower\nConsolidated net result lower by 49.7% at EUR 22.8 million\nEquity base and cash flow held on high level - equity ratio strenghtend\nStagnating market confirms correctness of decision to pursue conservative\n investment policy - Full capacity utilization of all plants in 2015 assured
in EUR million Q1-Q3 2015 Q1-Q3 2014 Change Sales revenues 254.6 323.9 (21.4)% EBIT 34.1 58.4 (41.7)% Equity 167.3 171.2 (2.2)% Employees 3,311 2,920 +13,4%

Vienna/Moscow, November 26th, 2015
An ongoing plus in the service job count during the first nine months of the current financial year mitigated the effects of the considerable devaluation of the Russian rouble on C.A.T. oil Group's nine months results, denominated in euros. Facilitated by the expansion of capacities, which was completed in May, the service job count in the Well Services segment rose by 10.9% yoy to 3,705, while the Drilling, Sidetracking and Integrated Project Management segment recorded a 16.5% increase to 226 jobs. All in all, the oilfield and gasfield service provider operating in Russia recorded total sales revenues of EUR 254.6 million (Q1-Q3 2014: EUR 323.9 million), a decline of 21.4%, whereas in the same period the rouble lost 38.1% against the euro. C.A.T. oil AG Group revenue calculated in rouble raised yoy by 8.6%.
The Group's cost of sales decreased less than sales revenues in the nine months. As at 30 September, they amounted to EUR 204.9 million, which is 18.3% lower than in the first nine months of 2014 (Q1-Q3 2014: EUR 250.8 million). The reason for this development was the increase in employees at 3,311. C.A.T. oil's headcount increased by 13,4% yoy. Given the challenging environment in the oilfield industry, the management does not plan to increase the number of employees.
EBITDA amounted to EUR 67.4 million for Q1-Q3 2015 (Q1-Q3 2014: EUR 93.8 million); the EBITDA margin was 26.5%, as compared to 28.9% in the previous year. EBIT contracted by 41.7% to EUR 34.1 million in the reporting period, and the EBIT margin dropped from 18.0% to 13.4% in the first nine months of the year 2015.
Cash flow and equity held on high level Cash flow from operating activities tapered by 5.0% to EUR 48.2 million for Q1-Q3 2015 (Q1-Q3 2014: 50.7 million). The negative effect of the decrease in profit was partly compensated by better collection of receivables and more effective use of credit by the contractors. The Group was able to keep the cash position at the level of the end of September 2014. The equity ratio raised from 45.2% as at December 31 2014 to 48.6% as at September 30 2015.
Management confirms outlook for the rest of the year The Management of C.A.T. oil AG reiterates to the outlook for the year 2015, still expecting revenues to lie between EUR 310.0 million and EUR 320.0 million, with an EBITDA of between EUR 75.0 million and EUR 85.0 million (based on a RUB/EUR exchange rate of 75/1).
The full report on the first three quarters of 2015 is available for download on our corporate website at www.catoilag.com.
end of announcement euro adhoc
issuer: C.A.T. oil AG Kärntner Ring 11-13 A-1010 Wien

phone: +43(0) 1 535 23 20 - 0

FAX: +43(0) 1 535 23 20 - 20 mail: ir@catoilag.com WWW: http://www.catoilag.com sector: Oil & Gas - Upstream activities ISIN: AT0000A00Y78

indexes: SDAX, Classic All Share, Prime All Share stockmarkets: regulated dealing/prime standard: Frankfurt language: English
Digital press kit: http://www.ots.at/pressemappe/EASY_61923/aom

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