Deutsche Rohstoff Sees Dollar Stable Through Year End — Currency Comment
By Paulo Trevisani
Deutsche Rohstoff AG said Wednesday it is raising its 2023 guidance, assuming an exchange rate of $1.12 per euro for the remainder of the year, among other factors.
The German mining and energy group said it expects group revenue between 150 million euros ($165.8 million) and 170 million euros, higher than previous guidance of between EUR140 million and EUR160 million.
The company assumes the same EURUSD rate of 1.12 in its 2024 outlook, which calls for group revenue between EUR170 million and EUR190 million.
The dollar has been weakening against the euro this year. Today, the greenback is trading at $1.11 per euro.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
April 26, 2023 09:24 ET (13:24 GMT)
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