Preliminary consolidated figures for 2021

Preliminary consolidated figures for 2021

In fiscal year 2021, the Deutsche Rohstoff Group generated sales of EUR 73.3 million, EBITDA of EUR 65.9 million and consolidated net income of EUR 26.1 million.

Consolidated net income rises to EUR 26.1 million/Sales and EBITDA in line with forecast

March 14, 2022 – Mannheim – Deutsche Rohstoff AG – In fiscal year 2021, the Deutsche Rohstoff Group generated sales of EUR 73.3 million (forecast EUR 68 to 73 million; previous year: EUR 38.7 million), earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 65.9 million (forecast EUR 64 to 67 million; previous year: EUR 23.9 million) and consolidated net income of EUR 26.1 million (previous year: consolidated net loss – EUR 16.1 million). Sales and EBITDA are thus in line with the increased forecast published in January (see release dated 20 January 2022). Overall, the forecast was raised three times during the year due to the good operating performance, acquisitions and rising oil & gas prices.

For the current year, the Executive Board expects a further significant increase in sales and EBITDA. According to the forecast published in January, sales will amount to EUR 126 to 134 million and EBITDA to EUR 97 to 102 million. This does not yet include revenues from the cooperation with Oxy, which may be incurred from Q4 2022 onwards. Drilling from one of the two well sites in which Salt Creek has an interest commenced on schedule in mid-February.

The equity and bond portfolio, which had been established from April 2020, contributed a realized return of EUR 17.5 million in 2021. There was also unrealized income of EUR 4.4 million as of 31 December 2021. Oil and gas hedging to hedge price risks resulted in a loss of EUR 14.3 in 2021 (previous year: gain of EUR 12 million).

Liquid funds (bank balances and securities held as current and non-current assets) available to the Group as of 31 December 2021 amounted to approximately EUR 36.8 million (previous year: EUR 36.0 million). Equity rose to EUR 79.8 million (previous year: EUR 45.6 million), increasing the equity ratio to 30% (previous year: 22%). Liabilities amounted to EUR 148 million (previous year: EUR 138.6 million). Net liabilities (cash and cash equivalents minus liabilities from bonds and to banks) decreased to EUR 80.5 million (previous year: EUR 92.4 million).

All figures for 2021 are preliminary and unaudited. Deutsche Rohstoff AG is expected to publish the audited consolidated financial statements and the annual report on 25 April 2022.

The Knight pad is on track for peak production. As reported, it is expected in Q2 2022. Currently, the wells are already producing 3,000 to 3,500 barrels of oil per day.

Mannheim, 14 March 2022

Deutsche Rohstoff identifies, develops and sells attractive raw material deposits in North America, Australia and Europe. The focus is on the development of oil and gas deposits in the USA. Metals such as gold and tungsten complete the portfolio. Further information can be found at www.rohstoff.de

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

PRELIMINARY STATEMENT OF RESULTS FOR THE YEAR ENDED 31 DECEMBER 2021

March 07, 2022 Bradenton, Florida – PRELIMINARY STATEMENT OF RESULTS FOR THE YEAR ENDED 31 DECEMBER 2021

 

Please note that this update contains forward-looking statements regarding our assembly prospects, goals, strategies, anticipated financial performance, and the anticipated impact of the pandemic on our projects and investments.

Please understand that forward-looking statements are only estimates of future performance and should be taken as such. The forward-looking statements represent assembly management’s expectations only as of today and the assembly disclaims any obligation to update them.

 

*** Good finish to a year of strong growth and business development ***

Markus Schronen, Board Chair and Assembly Consultant, said: “We ended the year on a strong note with excellent growth across our business. In 2021 we achieved strong overall growth.

The year was important for The SiLLC Assembly from a strategic perspective. We continued to enhance our position with a number of strategic portfolio developments, while further enhancing our footprint to support our growth ambitions.

While recognizing that current market environment and inflationary pressures continue to present challenges across the industries, The SiLLC Assembly is stronger positioned and more resilient than ever as we enter a new strategic cycle.”

The SiLLC Assembly announced a number of important investments in the year aligned to our strategic priorities and key growth segments.

To continue to capture growth opportunities and to further support the digital transformation, the SiLLC Assembly will continue to step up investments from 2022 onward.

Based on its strong balance sheet and financial strength, the SiLLC Assembly will continue to implement its capex strategies. Additional investments will remain an integral part of the assembly‘s growth strategy.

The business ends 2021 in good health. The post pandemic environment, together with inflationary and macro-economic pressures, as well as the current tensions in Ukraine will continue to be digested by investment markets, but the SiLLC Assembly is in a strong position to implement investment systems capabilities in 2022, and explore further opportunities to drive growth.

 


Disclaimer
This document contains forward-looking statements which are based on the current estimates and assumptions made by the assembly team of SiLLC. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast and similar formulations. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by SiLLC and its affiliated groups depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside SiLLC‘s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. SiLLC neither plans nor undertakes to update forward-looking statements.

All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed.Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC International.

DigitalX reports strong balance sheet as revenue soared 305% in second half of 2021

DigitalX reports strong balance sheet as revenue soared 305% in second half of 2021

March 1, 2022 – DigitalX has just released solid half-year financial results, with revenue quadrupling as funds under management rose 73 per cent and a key acquisition started to pay dividends.

DigitalX (ASX:DCC) says it made $1.1 million in revenue in the six months to December 31, 305.5 per cent more than it did during the same period in 2020, with almost half of that coming from its funds under management division.

The company’s two digital asset funds brought in $520,982 during the half year, as funds under management grew to $33.59 million thanks to both rising prices and $3.57 million in inflows.

Overall DigitalX trimmed its loss for the period by 16.5 per cent to $847,362.

The company finished the year with $7.4 million cash at bank, plus another $60.3 million in digital assets, including $39.9 million in Bitcoin.

“Despite volatility in the digital asset markets in December 2021, the balance sheet remains strong heading into the second half of FY2022,” the company said.

Its two core products – Sell My Shares and Drawbridge, its regtech compliance software – are both well positioned as financial securities markets such as the ASX move to distributed ledger technology, DigitalX said.

‘Very pleasing’ results

“The half-yearly result is very pleasing from the company’s perspective,” said Lisa Wade, the company’s new chief executive.

“Revenues across the funds management and product development divisions were relatively even; we expect to be able to reduce our one-off costs in 2022; and importantly we have now established the foundations of our business moving forward.”

“I am particularly happy with our inaugural sustainability report and fresh ESG focus and am looking forward to sustainability being an ongoing focus – in terms of not only the delivery of shareholder returns (but) also on the impact of the value we create.”

Wade joined DigitalX just recently, the company having poached her from NAB shortly before Christmas.

This article was developed in collaboration with DigitalX at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.


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