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EQS-News: exceet Group SCA
/ Key word(s): Quarterly / Interim Statement/Quarterly / Interim Statement
Financial Results Nine Months 2022
Grevenmacher, 10 November 2022 – Currently continued operation business of exceet is only related to the Corporate Business, which comprises the holding companies with its administrative costs. exceet is currently evaluating various strategic options with regard to its future. As of 31 August 2022 exceet divested and deconsolidated Lucom GmbH Elektrokomponenten und Systeme, which was already disclosed as discontinued operations and prior reports.
The continued operating result of exceet represents the holding costs. These costs amount in Q3 2022 to EUR -1.2 million (Q3 2021: EUR -0.6 million) and a total of EUR -2.2 million for the first nine month 2022 (9M 2021: EUR -2.0 million). The increase is related to one-off costs in an amount of EUR 1.0 million related to costs for evaluating new strategic investment opportunities. The financial results comprises administrative costs for the cash deposits in Q3 2022 about EUR -0.1 million (Q3 2021: EUR -0.7 million) and EUR -0.4 million for the entire reporting period (9M 2021: EUR -0.1 million). FX results for Q3 2022 is about EUR 0.5 million (Q3 2021: EUR -0.4 million) and EUR 0.3 million for the first nine month 2022 (9M 2021: EUR 0.1 million).
As of 30 September 2022, the total assets of exceet Group amounted to EUR 119.2 million, compared to EUR 122.5 million as of 31 December 2021.
The non-current assets amounted to EUR 1.2 million (31.12.2021: EUR 0.7 million) and increased by EUR 0.5 million due to additional financial investments in current participation.
Current assets amounted to EUR 117.9 million, compared to EUR 121.8 million at year-end 2021. The decrease of the current assets of EUR 3.9 million reflects the deconsolidation of Lucom GmbH Elektrokomponenten und Systeme.
At the end of the reporting period, exceet Group’s equity amounted, to EUR 117.6 million, against EUR 118.2 million as of 31 December 2021. This represents an equity ratio1) of 98.7% (31.12.2021: 96.5%).
Outlook exceet is currently acting without continued operating business.
While GS Swiss PCB AG and exceet Secure Solutions GmbH have been divested in 2021, Lucom GmbH Elektronikkomponenten und Systeme was sold and deconsolidated on 31 August 2022.
Currently the operating result 2022 (EBIT) is dependent on the administrative costs for the holding companies and from costs for evaluating new strategic investment opportunities.
The continued business currently comprises only the holding companies. For these companies exceet Group plans a loss of about EUR 1.5 million in 2022 without one-time costs related to planned investments and results from divestments.
Performance Report on the Nine Months 2022 available at https://www.exceet.com/Q3-2022-Report and Company Presentation available at http://www.exceet.com/Q3-2022-Presentation
Please contact for further information: Email: investor.relations@exceet.com exceet Group SCA 17, rue de Flaxweiler L-6776 Grevenmacher Phone +352 28 38 47 20
ISIN LU0472835155 (Public Shares), Regulated Market, Prime Standard, Frankfurt/Main
exceet will publish the date of the announcement of the annual report within the next weeks.
About exceet exceet is a listed holding company and pursuing an opportunistic investment approach without a defined investment strategy. The investment focus is on seizing attractive risk / reward profiles without restrictions regarding the asset class, structure or duration of such investments. Additional features: File: exceet Group_Performance Report Q3 2022_Media Release Annex
10.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | exceet Group SCA |
| 17, rue de Flaxweiler | |
| 6776 Grevenmacher | |
| Luxemburg | |
| Phone: | +352 2838 4720 |
| Fax: | +352 2838 4729 |
| E-mail: | info@exceet.com |
| Internet: | www.exceet.com |
| ISIN: | LU0472835155, LU0472839819 |
| WKN: | A0YF5P, A1BFHT |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1484893 |
| End of News | EQS News Service |
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1484893 10.11.2022 CET/CEST
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