Strong profit growth expected for 2016

Deutsche Rohstoff AG expects a substantial rise in revenues from the oil and gas production in the US for 2016 and consequently a significantly higher consolidated profit than in the current year. Assuming an oil price, which is linked to the forward curve and which results in an average price for 2016 of USD 44, the Management Board expects sales of EUR 20.0 to 25.0 million. According to the budget, earnings before interest, tax, depreciation and amortization (EBITDA) will amount to approximately EUR 15.0 to 20.0 million. Net income will add up to approximately EUR 10.0 million. For the year and budget an average exchange rate of 1.10 EUR/USD is assumed.