EQS-News

EV Digital Invest AG fulfils forecast for financial year 2023

EQS-News: EV Digital Invest AG / Key word(s): Annual Report/Annual Results EV Digital Invest AG fulfils forecast for financial year 2023 17.04.2024 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement. EV Digital Invest AG fulfils forecast for financial year 2023

 

• Transformation into a diversified investment platform is proceeding smoothly – with a new brand, the acquisition of a digital asset management company, new products, ECSP licensing by BaFin and successful internationalisation, the company is well positioned to generate growth in the 2024 financial year
• Revenue reaches EUR 4.5 million, above analysts' expectations of EUR 4.1 million and at the upper end of the forecast range from 13 November 2023
• Annual result of EUR -3.7 million slightly better than analysts' estimates of
  EUR -3.9 million
• Permanent attractive interest rate and option to differentiate risk should target new customers and create synergy effects between existing products
• Since foundation EUR 247 million financed, of which EUR 39 million in 2023 alone

 

Berlin, 17 April 2024. EV Digital Invest AG (ISIN: DE000A3DD6W5), operator of the two online investment platforms “Engel & Völkers Digital Invest” and “Digital Invest Assets”, looks back on a challenging year 2023. Despite an extraordinarily difficult market environment, the business results achieved are within the forecast on 13 November 2023 and were also slightly better than analysts had assumed in February 2024. The business development in the 2023 financial year was focused on two strategic pillars – stabilising the core business of property financing and growth in complementary digital investment products. The aim is to position the company for sustainable profitable growth in a market environment that remains challenging.

Marc Laubenheimer, CEO of EV Digital Invest AG, sums up: “The extremely challenging environment in the property sector has also confronted us with great challenges in the Engel & Völkers Digital Invest. Hence, with the launch of the 'Digital Invest Assets' brand, the receipt of the ECSP licence, the ongoing integration of sustainable investments and successful internationalisation, we have achieved successes and expanded our range of services, diversified and broadened our base. As far as our property projects are concerned, we are convinced that the market situation is currently gaining momentum and that it is a good time to invest.”