Deutsche Rohstoff Bases 2022 Targets on EUR/USD at 1.20 -- Currency Comment

By Mauro Orru

Deutsche Rohstoff AG's guidance for 2022 assumes the euro will average $1.20 against the dollar, a lower rate than its previous assumption of $1.22.

The euro currently trades at $1.1764.

Deutsche Rohstoff expects revenue between EUR98 million and EUR106 million in the coming year, with earnings before interest, taxes, depreciation, and amortization between EUR70 million and EUR76 million.

The company also assumes higher gas prices than previously forecast.

"The guidance continues to be based on an expected average oil price of USD60/barrel for the full year 2022 and a slightly higher gas price (Henry Hub) of USD3.0/mcf (previously USD2.75). The EUR/USD exchange rate is assumed to be 1.20 (previously 1.22)," Deutsche Rohstoff said Thursday.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

September 16, 2021 07:05 ET (11:05 GMT)

Deutsche Rohstoff (TG:DR0)
Historical Stock Chart
From Mar 2024 to Apr 2024