IGEA Pharma N.V.

IGEA discloses its Annual Report 2022

IGEA Pharma N.V. / Key word(s): Annual Results/Annual Results IGEA Pharma N.V.: IGEA discloses its Annual Report 2022 31-Jul-2023 / 00:35 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. IGEA discloses its Annual Report 2022

 

Hoofddorp, the Netherlands, 30 July 2023. IGEA Pharma N.V. (SIX: IGPH) announced the disclosure if its Annual Report 2022.

 

Overview 2022

The Group did not start to generate revenue in the ‘Industrial processing’ segment as expected (same as previous period) and the ‘Distribution’ segment did not operate as expected due to defocused activities (2021: marginal revenue for TEUR 103.3).Costs of the sales were TEUR 10.7 (2021: TEUR 126.2) and were generated by write-offs of previous years’ financial positions exclusively. Impairments on financial assets are disclosed separately in the profit or loss statement and therefore the item was not included in the gross result. Operating expenses, net of other income, were TEUR 10,458.2 (2021: TEUR 1’248.3), of which TEUR 10,223.7 (2021: TEUR 413.5) due to impairment charges only. Other income substantially due to non-recurring operations was EUR 361.7 (2021: TEUR 179.9).Further impairment charges for TEUR 1,297.3 (2021: none) were recognized by the Group on associates and joint ventures accounted for using the equity method, without any recognition of share of loss on entities accounted for using the same method (2021: share of loss of TEUR 132.3).EBITDA as adjusted (before impairment charges) and EBIT was TEUR (234.6) (2021: (863.8)) and TEUR (11,755.5) (2021: TEUR (1,277.3)) respectively.Net finance result was negligible (same as previous period).Net loss of the period was TEUR 11,778.1 (previous period: TEUR 1,258.9),representing a basic and diluted loss per share of EUR 0.0347 (2021: basic and diluted loss per share of EUR 0.0039).