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Advanced Blockchain: Initial assessment of the top ten portfolio holdings highlights growth and demonstrates investment success / Publication of the 2022 annual report

EQS-News: Advanced Blockchain AG / Key word(s): Annual Report/Cryptocurrency / Blockchain Advanced Blockchain: Initial assessment of the top ten portfolio holdings highlights growth and demonstrates investment success / Publication of the 2022 annual report 30.06.2023 / 12:09 CET/CEST The issuer is solely responsible for the content of this announcement. Advanced Blockchain: Initial assessment of the top ten portfolio holdings highlights growth and demonstrates investment success / Publication of the 2022 annual report

• Revenue in 2022: EUR 14.729 million
• EBITDA in 2022: EUR 2.767 million, net income of EUR 1.761 million
• Outlook for 2023: Growth with declining costs

 

Berlin, June 29, 2023 - Advanced Blockchain AG ("AB," Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator, architect, and investor in the blockchain industry, today announces the release of its annual financial statement and unaudited consolidated financial statements for the year 2022. Through the initial assessment of the top ten portfolio holdings of the corporate group by an independent valuation company, Advanced Blockchain AG emphasizes its position as an innovation leader in the industry and demonstrates its investment successes.


Results for 2022
The consolidated figures for the year 2022 demonstrate a stable development of Advanced Blockchain AG despite challenging market conditions. Like the global economy, the industry faced significant challenges in the past year.

The group's revenue amounted to EUR 14.729 million compared to EUR 17.862 million in the previous year. Earnings before interest, taxes, and depreciation (EBITDA) reached EUR 2.767 million compared to EUR 6.649 million in the previous year, and net income amounted to EUR 1.761 million (prior year: EUR 5.317 million). The disclosed consolidated equity increased to EUR 15.561 million compared to EUR 12.047 million in the previous year.


Independent portfolio assessment
The external and independent assessment of the top ten portfolio holdings as of May 31, 2023, resulted in a total valuation of EUR 39.65 million based on acquisition costs of EUR 4.67 million. These data are available in the company presentation on the website under the "Investor Relations" section, as well as in the published 2022 annual report.