Altech Advanced Materials AG: Preliminary annual result as of 31.12.2021

Heidelberg (pta030/10.01.2022/16:30 UTC+1)

Altech Advanced Materials AG ("AAM / the Company") (FRA: AMA1) has closed its financial year 2021 with a preliminary net loss (individual financial statements according to HGB) of TEUR 874 (previous year: TEUR -618).

The preliminary annual result includes personnel expenses of 190 TEUR (previous year: 160 TEUR), depreciation on marketable securities of 2 TEUR (previous year: 2 TEUR) and other operating expenses of 536 TEUR (previous year: 471 TEUR). The financial result was -148 TEUR (previous year: 8 TEUR).

Other operating expenses mainly consist of costs for legal advice (158 TEUR), costs in connection with one of the Management Board members (135 TEUR), costs for capital market listing and communication (87 TEUR), Supervisory Board remuneration (87 TEUR) as well as closing / audit costs of (36 TEUR).

The preliminary balance sheet as of 31 December 2021 according to the German Commercial Code (HGB) shows equity of approximately 3,166 TEUR (previous year: 972 TEUR).

In the forecast report of the last financial statement, the Management Board assumed a loss of 900 TEUR for the year 2021. This expectation was exceeded by an estimated 25 TEUR.

The aforementioned preliminary result is based on the preliminary valuation of the 2021 financial year made by the Management Board on 10 January 2022. The figures stated in this announcement are subject to the final preparation of the annual financial statements, the audit of the financial statements and the approval of the annual financial statements by the Supervisory Board.

The Management Board

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Emitter:	Altech Advanced Materials AG Ziegelhäuser Landstraße 3 69120 Heidelberg Germany
Contact Person:	Hansjörg Plaggemars
Phone:	+49 6221 64924-82
E-Mail:	info@altechadvancedmaterials.com
Website:	www.altechadvancedmaterials.com
ISIN(s):	DE000A2LQUJ6 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf