OTI Greentech AG (ISIN DE000A2TSL22), an international provider of innovative and sustainable chemical products and services for industry, listed on the Düsseldorf Stock Exchange, concretizes the preliminary, unaudited figures for fiscal 2020. After consolidation and taking into account of all changes in inventory, sales revenues now amount to EUR 4.25 million in 2020 after EUR 4.7 million during the previous year. The EBITDA amounts to EUR -88,000. This corresponds to an improvement in earnings versus prior year of around EUR 0.1 million. The previously published preliminary figures (see press release of April 28, 2021) proceeded on the assumption of sales revenues in 2020 of around EUR 5.0 million and a positive EBITDA.
According to the updated preliminary numbers, OTI Greentech has generated a positive cash flow of EUR 132,000 in 2020. This corresponds to an improvement versus prior year by around EUR 0.3 million. The drivers of this positive development were a decline in costs on a group level by -14 percent versus prior year and a reduction of the personnel expenses by -12 percent.
The annual report of OTI Greentech AG will probably be published on July 29, 2021 according to the current planning and will then be available under www.oti.ag in the Investor Relations section.