Deutsche Rohstoff AG Hits New Heights: Record Sales and Earnings in 2023 Signal Robust Growth Ahead

  • 12. March 2024

March 12, 2024 [crocon media – msc, mschro] Deutsche Rohstoff AG (Ticker: DR0), a key player in the commodities market, has announced its preliminary group figures for 2023, showcasing a year of unprecedented success. With sales reaching EUR 196.6 million, a 19% increase from the previous year, and EBITDA climbing to EUR 158.2 million, up 14%, the company has not only set new operational and profitability records but also solidified its high-performance benchmark. This remarkable achievement is underscored by a consolidated net profit after minority interests of EUR 65.1 million and an earnings per share increase of 7% to EUR 13.01.

Deutsche Rohstoff AG’s CEO, Jan-Philipp Weitz, attributes this success to the company’s strategic positioning and operational excellence, which have laid a robust foundation for future growth. The company’s strong increase in sales and EBITDA, particularly in the fourth quarter of 2023, which emerged as the strongest in its history, reflects a very strong operating performance driven by record production levels.

The company’s operational performance, with production peaking at around 15,300 BOEPD in Q4 2023, forms the cornerstone of this historic consolidated result. This surge in production, coupled with strategic sales of assets in Utah and shares in fixed and current assets, has significantly bolstered sales and earnings. Moreover, the company’s adept management of material costs and strategic investments in drilling and pipeline infrastructure underscore its operational efficiency and commitment to sustainable growth.

CFO Henning Döring highlights the company’s financial prudence, with the strong production and asset sales enabling nearly 95% of record investments in 2023 to be financed from operating cash flow. The slight increase in the gearing ratio, from 0.4 to 0.5, reflects a balanced approach to leveraging and growth, setting a solid foundation for continued profitability and a stronger balance sheet in 2024.

Deutsche Rohstoff AG’s record-breaking performance in 2023 is a testament to its strategic foresight, operational efficiency, and financial acumen. As the company looks forward to 2024, its robust balance sheet, strategic investments, and operational excellence position it well for sustained growth in the commodities and rare earth elements markets. With a legacy of innovation and a clear vision for the future, Deutsche Rohstoff AG is poised to continue its trajectory of success, reinforcing its position as a leader in the global commodities market.

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