In light of the current COVID-19 restrictions on business and its unprecedented impact on oil prices as well as customers' requests for reduction or delay of work volumes, Petro Welt Technologies AG expects revenue of EUR 280 million - EUR 285 million for 2020. According to preliminary figures, revenue was EUR 298.4 million in 2019. The profit estimate for 2020 is subject to review pending analysis of orders cancelled and ongoing negotiations with customers and is thus currently not possible.