EQS-Adhoc: niiio finance group AG exceeds earnings forecast for the 2022 financial year

Ad hoc release

niiio finance group AG exceeds earnings forecast for the 2022 financial year

Görlitz/Frankfurt, 08.03.2023 | niiio finance group AG (ISIN: DE000A2G8332) generated revenues of EUR 7.5 million in the 2022 financial year based on consolidated preliminary and unaudited figures. Earnings before interest, taxes, depreciation and amortisation (EBITDA) were clearly positive at EUR 0.8 million and, with an EBITDA margin of a good 11%, significantly above the earnings forecast for the financial year 2022. For 2022, the Executive Board had forecast revenues of between EUR 7.5 million and EUR 7.9 million as well as a balanced to slightly positive EBITDA, the latter developing much better than expected despite revenues at the lower end of the range.

The reason for the positive earnings development was an increased focus on cost savings in the second half of 2022, the increased capitalisation of expenses for the further development of the Group's own software platforms and positive developments in Group provisions.
Disclaimer:
This release contains statements about the future development of the niiio Group. These forward-looking statements are based on the Management Boards current expectations, assumptions and forecasts, and the information currently available to the Management Board. They have been compiled to the best of the Management Boards knowledge. As far as such forward-looking statements are concerned, no guarantee can be given and no liability can be assumed that the future developments and results mentioned will occur as presented. Rather, future developments and results depend on various factors. They entail risks and uncertainties that lie beyond the Companys control and are based on assumptions that may not prove to be accurate. Notwithstanding any legal requirements to revise forecasts, we do not assume any obligation to update the forward-looking statements made in this release.

Contact:
cometis AG
Ruben Rauber
Phone: +49 (611) 205855-64
E-Mail: rauber@cometis.de