Deutsche Rohstoff AG provided earnings and production guidance for the year 2020. The company publishes a new forecast for the financial year 2020 which takes into account the effects of the Covid-19 pandemic and the current situation of the global oil market. For the year 2020, consolidated revenue of EUR 33 million to EUR 37 million (previous year: EUR 41.2 million). Negative consolidated net income in the mid single-digit million Euro range (previous year: EUR 0.2 million) is expected. For 2020 as a whole, the group expects net production of around 3,200 to 3,600 barrels of oil equivalent per day. The barrels of oil produced are 100 % hedged with forward contracts and are therefore sold at an average price of USD 58 per barrel.