By Mauro Orru
Deutsche Rohstoff AG’s steerage for 2022 assumes the euro will common $1.20 towards the greenback, a decrease fee than its earlier assumption of $1.22.
The euro at the moment trades at $1.1764.
Deutsche Rohstoff expects income between EUR98 million and EUR106 million within the coming 12 months, with earnings earlier than curiosity, taxes, depreciation, and amortization between EUR70 million and EUR76 million.
The corporate additionally assumes greater fuel costs than beforehand forecast.
“The steerage continues to be based mostly on an anticipated common oil worth of USD60/barrel for the complete 12 months 2022 and a barely greater fuel worth (Henry Hub) of USD3.0/mcf (beforehand USD2.75). The EUR/USD change fee is assumed to be 1.20 (beforehand 1.22),” Deutsche Rohstoff stated Thursday.
Write to Mauro Orru at email@example.com; @MauroOrru94