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PAUL Tech AG: Preliminary figures for the financial year 2022 and for the first half of 2023 – strong growth and positive outlook

EQS-News: PAUL Tech AG / Key word(s): Bond/Real Estate PAUL Tech AG: Preliminary figures for the financial year 2022 and for the first half of 2023 – strong growth and positive outlook 27.07.2023 / 18:43 CET/CEST The issuer is solely responsible for the content of this announcement.

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Corporate News

PAUL Tech AG: Preliminary figures for the financial year 2022 and for the first half of 2023 – strong growth and positive outlook

 

• Net sales increased to EUR 26.1 million in the 2022 financial year (2021: EUR 10.1 million)
• Adjusted EBITDA (adjusted for special /non-recurring expenses) for 2022 at EUR 10.5 million (2021: EUR 6.9 million)
• Order intake increased to EUR 37.1 million in the first half of 2023 (H1 2022: EUR 7.5 million) with over 600 new projects.
• Net sales increase of over 100% in the first half of 2023 compared to the first half of 2022
• Historically good start to the second half of the year and full order pipeline
• IFRS conversion in 2023

 

Mannheim,  27.07.2023 – PAUL Tech AG (the "Company" or "PAUL") looks back on a very successful financial year 2022 and a strong first half of 2023. Based on preliminary, unaudited figures, the innovative solution provider for the digital transformation of the building industry generated net sales of EUR 26.1 million in the 2022 financial year (2021: EUR 10.1 million). EBITDA adjusted for special /non-recurring expenses for the 2022 financial year amounted to EUR 10.5 million (2021: EUR 6.8 million). In the first six months of 2023, the company recorded an order intake of EUR 37.1 million (H1 2022: EUR 7.5 million). This consists of fixed components in the amount of EUR 25.2 million and variable components of EUR 11.9 million. At the beginning of the second half of 2023, growth accelerated significantly once again. The driver is the need for accelerated decarbonisation, which is reflected both in the legal requirements for short- and medium-term energy supply and is fuelled by the EU taxonomy. It is imperative that the ESG ratings of buildings be improved in order to maintain refinancing and profitability. The topic of "stranded assets" occupies the majority of customers enormously.