EQS-News: Advanced Blockchain AG
/ Key word(s): Preliminary Results
Advanced Blockchain with preliminary figures for 2022
3 May 2023 – Advanced Blockchain AG (“AB”, Scale Frankfurt, primary market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator, architect and investor for the blockchain industry announces, despite of massively challenging market environments, only a slight decrease in Net Sales, according to preliminary and unaudited figures. According to these figures, Net Sales came out at 17.69m € (FY 2022: 17.98m €), EBITDA stood at more than 580k € (FY 2022: 6.3m €) and EBIT at more than 560k € (FY 2022: 6.2m €). This significant reduction in EBITDA and EBIT comes down to massive turmoils in crypto markets. Net Cash stood at roughly 4.3m € at the end of December 2022. Simon Telian, CEO of AB comments: “Our investments and our group strategy showed impressive crisis resilience in 2022 on top level. Given the various challenges, we are satisfied with our results and current fiscal year also kicked off very promising. So we continue our successful path also in 2023, with a clear focus on margins and an increase in efficiency.” The audited, consolidated full-year report for 2022 will be published soon.
Contact: About Advanced Blockchain AG: For more information about Advanced Blockchain AG, its various projects, and investments, please visit https://www.advancedblockchain.com/.
03.05.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | Advanced Blockchain AG |
Scharnhorststraße 24 | |
10115 Berlin | |
Germany | |
Phone: | +4930403669510 |
Fax: | 030403669511 |
E-mail: | info@advancedblockchain.com |
Internet: | www.advancedblockchain.com |
ISIN: | DE000A0M93V6 |
WKN: | A0M93V |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1622965 |
End of News | EQS News Service |
|
1622965 03.05.2023 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.