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Deutsche Payment A1M SE: Review and Outlook of the Management Board at Year-End

EQS-News: Deutsche Payment A1M SE / Key word(s): Miscellaneous Deutsche Payment A1M SE: Review and Outlook of the Management Board at Year-End 02.12.2022 / 15:42 CET/CEST The issuer is solely responsible for the content of this announcement.

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Deutsche Payment A1M SE:

Review and Outlook of the Management Board at Year-End

Deutsche Payment A1M SE is about to close its first operating year. On this occasion, the Management Board has summarized its assessment of the current business situation in a "Letter to the Shareholders." Although the sales/earnings forecasts for 2022 and 2023 were reduced in November despite operational and organizational progress, the Management Board believes the company is well equipped to continue rolling out the business model even in these difficult times.

Berlin, December 2, 2022 – The Management Board of Deutsche Payment A1M SE has published a "Letter to the Shareholders" on the company's website. This is intended to help shareholders better understand the current situation of the still young growth company against the backdrop of an economic environment characterized by many disruptive factors.

Production bottlenecks and declining consumer spending are also affecting the business activities of merchants, that are typically among the business customers brokered by Deutsche Payment. Therefore, the current political and macroeconomic situation also affects Deutsche Payment's sales. However, the Management Board believes that the company is well equipped to successfully bridge these difficult times because of its asset-light model.

With regard to the operating business, Deutsche Payment’s Management Board comments in detail on the lowered forecast published in November 2022 and identifies the main reasons for missing the sales targets. In respect to the assessment of the target figures, the development stage of the company is highlighted. As the company is in an early growth phase, deviations from forecasts are not unusual. In essence, however, the Management Board believes that the foundation for future growth has been laid and recommends taking a long-term view in order to assess the development of the operating business.