DGAP-News: OTI Greentech AG: OTI Greentech AG publishes annual report and confirms preliminary figures for 2018

OTI Greentech AG publishes annual report and confirms preliminary figures for 2018

Berlin, 6th August 2019 - OTI Greentech AG (WKN A2TSL2), an international provider of innovative and sustainable chemicals and services for industrial applications listed on the stock exchange, today confirmed its reported preliminary figures for fiscal year 2018. The audited Group figures show revenue of EUR 4.38 million and a significant year-on-year improvement in earnings before interest, taxes, depreciation and amortisation (EBITDA) to kEUR -425 thousand. The recent agreement reached with the creditors of the two outstanding convertible bonds and with Company's lenders to convert the bonds/loans into shares of OTI Greentech AG provides the equity base for further growth. The Company expects EBITDA in 2019 to be slightly positive on the back of revenue of at least EUR 5.0 million.

The 2018 annual report can be downloaded from www.oti.ag under Investor Relations (available in German).

About OTI Greentech AG

OTI Greentech's patented surfactant based technology provides innovative sustainable and cost-efficient solutions for various industrial cleaning challenges, with potential for application in land remediation. Through its subsidiaries OTI Greentech Innovative Solutions and Uniservice Unisafe, OTI Greentech has more than 30 years of experience. OTI Greentech Innovative Solutions offers innovative, environmentally friendly products and solutions for the cleaning and decontamination of oil-based contaminants, and is the owner of the patented ECOSOLUT product line. Through Uniservice Unisafe a full range of products and services are provided to the global shipping industry in all major ports worldwide. Through its joint venture in the USA, the group offers innovative, sustainable and tailor-made solutions to its customers in land-based industrial cleaning. The OTI Greentech group currently has over 20 employees in Europe and the USA. The shares of OTI Greentech AG are listed on the Düsseldorf Stock Exchange (WKN A2TSL2). Corporate headquarters are located in Berlin, Germany.

Contact:

OTI Greentech AG
Dr. John C. Kisalus, CEO
info@oti.ag
Tel. +49 30 887 865 62
Friedrichstraβe 79
10117 Berlin

edicto GmbH
Axel Mühlhaus, Dr. Sönke Knop
sknop@edicto.de
Tel. +49 69 905505-52
Eschersheimer Landstraße 42-44
60322 Frankfurt