Altech Advanced Materials AG
Ansprechpartner: Hansjörg Plaggemars
Tel.: +49 6221 64924-82


23.12.2022 - 20:00 | Altech Advanced Materials AG
23.12.2022 - 20:00 | Altech Advanced Materials AG
21.12.2022 - 16:35 | Altech Advanced Materials AG
21.12.2022 - 16:35 | Altech Advanced Materials AG
07.11.2022 - 14:40 | Altech Advanced Materials AG
Public disclosure of inside information according to article 17 MAR

Altech Advanced Materials AG: Preliminary annual results as of 31.12.2022

Heidelberg (pta/11.01.2023/14:10) -

Altech Advanced Materials AG ("AAM / the Company") (ISIN: DE000A31C3Y4 and DE000A31C3Z1) has closed its financial year 2022 with a preliminary net loss (single-entity financial statements according to HGB) of 1,455 kEUR (previous year: -877 kEUR).

The preliminary annual result includes personnel expenses of 197 kEUR (previous year: 190 kEUR), depreciation on current assets of 500 kEUR (previous year: 0 kEUR) and other operating expenses of 619 kEUR (previous year: 539 kEUR). The financial result amounted to -142 kEUR (previous year: -148 kEUR).

Other operating expenses consist mainly of costs for capital market listing and communication (163 kEUR), costs related to one of the Executive Board members (142 kEUR), costs for legal advice (135 kEUR), Supervisory Board remuneration (87 kEUR) and closing / audit costs of (50 kEUR).

The preliminary balance sheet as of 31 December 2022 according to the German Commercial Code (HGB) shows a net equity of 2,979 kEUR (previous year: 3,163 kEUR). Here, uncalled, outstanding contributions were openly deducted from the net equity.

In the forecast report of the last annual financial statements for 2022, the Executive Board assumed a loss of between EUR 0.9 and 1.1 million. This expectation was probably missed by approx. 455 kEUR. The background to this is the impairment of the option to acquire an up to 49% stake in Altech Chemicals Australia Pty Ltd with its HPA project in Johor, Malaysia, which was previously recognised as other assets at 500 kEUR. Due to the current focus of the company on the Silumina Anodes and Cerenergy projects, the exercise of the option has become indeterminably distant and was therefore impaired, even though it still exists at present.

The aforementioned preliminary result is based on the preliminary valuation of the past financial year 2022 carried out by the Executive Board on 11 January 2023. The figures stated in this announcement are subject to the final preparation of the financial statements, the audit of the financial statements and the approval of the financial statements by the Supervisory Board.

The Executive Board


Emitter: Altech Advanced Materials AG
Ziegelhäuser Landstraße 3
69120 Heidelberg
Contact Person: Hansjörg Plaggemars
Phone: +49 6221 64924-82
ISIN(s): DE000A31C3Y4 (Share) DE000A31C3Z1 (Share)
Stock Exchange(s): Regulated Market in Frankfurt, Free Market in Berlin, Free Market in Dusseldorf