OTI Greentech AG publishes preliminary revenue and EBITDA figures for 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.

Explanatory Section:
OTI Greentech is expected to publish the final figures for the 2021 financial year, together with the 2021 Annual Report, on the website www.oti.ag on July 29, 2022. The Annual General Meeting originally scheduled for September 2, 2022 will take place on September 23, 2022 in Berlin.