EQS-News

EV Digital Invest AG fulfils forecast for financial year 2023 - Seite 3

Successful strategic course set
In the past financial year, various measures were also taken to further develop the business model, which originally focused purely on property financing, and to make it more crisis-resilient in terms of diversity. A key milestone in the development into a fully integrated provider of digital investments was the successful acquisition of the award-winning wevest Vermögensverwaltung AG (now: EV Digital Invest Assets Management AG). In addition to efficient ETF portfolios for general wealth preservation and accumulation, the offering under the new 'Digital Invest Assets' brand also includes a range of customised investment solutions tailored to the diverse needs and objectives of wealthy clients.

The core product of property financing was supplemented by the receipt of the ECSP licence from the German Federal Financial Supervisory Authority (BaFin). As a result, investors will benefit from a standardised EU-wide legal framework in future. At the same time, the licence opens up access to new investment opportunities and products. In addition, investors will be able to participate in our property projects with significantly higher investment amounts and an accelerated financing process. The first projects with the new licence have already been successfully placed within a few hours.

Karl Poerschke, COO of EV Digital Invest AG, adds: “We already announced at the time of the IPO that we would use the proceeds to grow through strategic acquisitions. With the acquisition of wevest Vermögensverwaltung, we have reached a milestone on this path. With the new products, we are in a position to respond even better to the individual investment requirements of our customers in order to continue to grow with them even in challenging market phases. We cannot be satisfied with the financial result for 2023. However, we are convinced that we have done our homework and made it through the valley of tears.”

The Executive Board expects business to stabilise in 2024. The Executive Board expects an income growth of 10 percent to 30 percent compared to 2023, with EBIT of up to EUR -1.9 million. As soon as the outlook for the property market improves sustainably and the strategic decisions and new products bear fruit, the Executive Board continues to expect total income to develop at mid-double-digit growth rates in the medium to long term and profitability to be achieved. Due to the continuing high volatility of the market, the Executive Board is not currently issuing any specific forecasts for the coming years.