ANNOUNCEMENT
Key financial figures of the 1st quarter 2024
- Significant improvement in the Group's EBITDA amounting to a profit of € 240k compared to losses of € 370k in the corresponding quarter of 2023.
- Significant reduction in losses to € 155k compared to € 21.8m in the corresponding quarter of 2023. The results of the 1st quarter of 2023 had been negatively impacted by an amount of € 20.7m, of which € 14.2m was related to the operating result of the discontinued operation and € 6.5m to the financial cost of the Company's loan obligations.
- Equity portfolio return of 9.8% and fixed income portfolio return of 3.4% for the 1st quarter of 2024.
- Profits frοm Company's portfolio management amounted to € 488k compared to € 95k in the corresponding period of 2023.
- Equity attributable to Owners of the Parent company amounted to € 121.7m.
- The Company has zero leverage.
- Cash and cash equivalents of the Company amounted to € 9.2m.
- Group's turnover amounted to €2.1m compared to €1.8m in the comparative period of 2023, recording an increase of 13%.
- The subsidiary company RKB achieved a significant improvement across all financial figures in the 1st quarter of 2024, i.e. an 11% increase in sales, a 15% increase in gross profit, a 15% increase in EBITDA, an improvement of 1 percentage point in gross profit margin and profit before tax of € 48k compared to losses of € 52k in the 1st quarter of 2023.
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Summary of key financial results(1)
GROUP | 01.01‐ | 01.01‐ | Change | ||||||||
(consolidated in € k) | 31.03.2024 | 31.03.2023 | |||||||||
Sales | 2,085 | 1,844 | 13% | ||||||||
Gross profit | 1,170 | 991 | 18% | ||||||||
EBITDA | 240 | (370) | - | ||||||||
EBIT | 169 | (441) | - | ||||||||
Losses for the period from continuing | (155) | (7,688) | - | ||||||||
operations | |||||||||||
Losses for the period from discontinued | 0 | (14,146) | - | ||||||||
operations | |||||||||||
(1) The above‐mentioned financial figures are unaudited. | |||||||||||
Key figures of financial position(2)
GROUP | 31.03.2024 | 31.12.2023 | ||||
(consolidated in € k) | ||||||
Total assets | 219,802 | 220,194 | ||||
Total liabilities | 98,092 | 98,329 | ||||
Total equity | 121,710 | 121,865 | ||||
(2) The above‐mentioned financial figures are unaudited.
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