Following several years with constant growth, Welltec now notes declining activity in the company's markets, and that the oil price is finally impacting the service company. In fact, the current market is so uncertain that Welltec declines to speculate on results going forward.
"Due to the current environment and significant uncertainty prevailing in the market, Welltec remains unable to offer a qualified guidance for the full year 2015," says the company in its first quarter 2015 interim report, published Thursday.
Already a subscriber? Log in.
Read the whole article
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.