EX-99.1 2 tm2430662d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

Appendix:

 

Statements of Profit or Loss for the half years ended June 30, 2024 and 2023 

 

in € thousand  Jan 1 – Jun, 30
2024
   Jan 1 – Jun, 30
2023
 
Revenue   29,700    40,461 
Cost of sales   (24,054)   (27,880)
Gross Profit   5,646    12,581 
Selling   (6,533)   (5,829)
General administration   (5,116)   (6,472)
Research and development   (3,037)   (3,881)
Other income   10,399    11,111 
Other expenses   (71,480)   (621)
(Impairment) / Reversal on impairment on financial assets   7    22,599 
Operating profit (loss)   (70,114)   29,488 
Financial result   (3,968)   10,765 
Income (loss) before income tax   (74,082)   40,253 
Income tax benefit (expense)   (850)   (4,082)
Net income (loss) for the period   (74,932)   36,171 

 

in € thousand  Jan 1 - Jun 30
2024
   Jan 1 - Jun 30
2023
 
Net income (loss) for the period   (74.932)   36.171 
Taxes   (850)   (4.082)
Financial result   (3.968)   11.822 
Amortization and depreciation   (4.511)   (2.912)
Business combination related legal, consulting and other costs   (1.084)   (6.000)
IFRS 2 charge   (70.623)   0 
Total Adjusted EBITDA   6.104    37.343 

 

In the first half of 2023, the Adjusted EBITDA includes two exit bonus payments of € 9.2 million and a reversal on the impairment of financial assets of € 21.4 million. In the first half of 2024, the Adjusted EBITDA includes income from the initial consolidation of SCHMID Energy Systems GmbH of € 9.1 million.

 

 

 

 

Assets

 

in € thousand  Jun 30, 2024   Dec 31, 2023 
Intangible assets   23,725    14,966 
Goodwill   8,298    0 
Property, plant and equipment, net   14,071    14,767 
Financial assets   5,309    140 
Deferred tax assets   2,547    2,543 
Non-current assets   53,950    32,416 
Inventories   16,535    16,353 
Trade receivables and other receivables   36,379    47,030 
Other current assets   3,897    5,073 
Cash and cash equivalents   3,011    5,710 
Current assets   59,822    74,166 
Total assets   113,772    106,582 

 

Equity and Liabilities

 

in € thousand  Jun 30, 2024   Dec 31, 2023 
Owners' net investment   112,476    70,606 
Other reserves   (167,303)   (95,806)
Equity attributable to owners of the group   (54,827)   (25,200)
Non-controlling interest   654    7,359 
Equity   (54,173)   (17,841)
   Non-current financial liabilities   22,190    22,190 
   Other non-current liabilities   25,354    0 
   Provisions for pensions   898    894 
   Non-current provisions   332    237 
   Deferred tax liabilities   11,104    4,388 
   Non-current lease liabilities   8,873    9,372 
Non-current liabilities   68,751    37,081 
   Current financial liabilities   29,737    26,053 
   Current contract liabilities   20,803    17,931 
   Trade payables and other financial liabilities   23,181    25,899 
   Other current liabilities   21,880    13,113 
   Current lease liabilities   1,530    1,515 
   Current provisions   604    973 
   Income tax liabilities   1,459    1,858 
Current liabilities   99,194    87,342 
Total equity and liabilities   113,772    106,582