DGAP-Adhoc: OTI Greentech AG publishes preliminary revenue and EBITDA figures for 2021

Publication of an insider information according to Article 17 MAR

OTI Greentech AG publishes preliminary revenue and EBITDA figures for 2021

Berlin, June 17, 2021 OTI Greentech AG (ISIN DE000A2TSL22), an international provider of innovative and sustainable chemical products and services for industry, listed on the Düsseldorf Stock Exchange, generated positive cash flow from operating activities of EUR 301 thousand (2020: EUR 132 thousand) in fiscal year 2021, according to preliminary unaudited figures. This corresponds to a further year-on-year improvement of around EUR 170 thousand. The main driver of this positive development was the consolidation of KMI Cleaning Solutions ('KMI') since October 01, 2021, which contributed EUR 162 thousand to the operating cash flow.
The consolidation results in sales for 2021 of EUR 6.23 million (PY: EUR 4.25 million) and EBITDA of EUR -247 thousand (PY: -88). The target figures for 2021 with expected sales of around EUR 8.5 million and a forecast positive EBITDA assumed consolidation as of July 1, 2021. In the event of consolidation as of July 1, 2021, sales would be in the forecast range at around EUR 8.69 million with a balanced EBITDA.