OTI Greentech AG / DE000A2TSL22

OTI Greentech AG: OTI Greentech AG: Preliminary result 2023

EQS-Ad-hoc: OTI Greentech AG / Key word(s): Annual Results/Miscellaneous


29-Apr-2024 / 17:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Publication of inside information pursuant to Article 17 MAR OTI Greentech AG: Preliminary result 2023 Berlin, April 29, 2024 - OTI Greentech AG (ISIN DE000A2TSL22), an international provider of innovative and sustainable chemical products and services for industry, listed on the Düsseldorf Stock Exchange, generated sales of EUR 17.65 million in 2023 following the first consolidation of its preliminary business figures. Sales were thus slightly above the forecast of around EUR 17.3 million. According to preliminary calculations, Group EBITDA is expected to be slightly negative. The forecast assumed a positive EBITDA for 2023. The operating EBITDA of the subsidiaries was clearly positive and amounted to around EUR 0.5 million, excluding Group allocations. The Group's negative EBITDA is due to the set-up costs of the KMI Industrial Services Division, which were significantly reduced in the course of the second half of 2023. However, this was not enough to fully offset the losses of the first half of the year.
 

End of Inside Information

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Information and Explanation of the Issuer to this announcement:

Explanatory section: The pleasing sales performance was driven by the maritime division, Uniservice, and by KMI Cleaning Solutions, USA. With sales of EUR 5.7 million at Uniservice and USD 12.9 million at KMI Cleaning Solutions, both divisions set new sales records. OTI Greentech is expected to publish the final figures for the 2023 financial year, together with the 2023 Annual Report, on the website www.oti.ag on June 28, 2024.    Contact: OTI Greentech AG   
Dr. John C. Kisalus, CEO  
[e-mail]   
Phone [phone]  
Friedrichstrasse 79  
10117 Berlin      edicto GmbH
Dr. Sönke Knop
[e-mail]
Phone [phone]
Eschersheimer Landstr. 42-44
60322 Frankfurt

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29-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	OTI Greentech AG
	Friedrichstraße 79
	10117 Berlin
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.oti.ag
ISIN:	DE000A2TSL22
WKN:	A2TSL2
Listed:	Regulated Unofficial Market in Dusseldorf
EQS News ID:	1892101

End of Announcement	EQS News Service

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1892101  29-Apr-2024 CET/CEST