Avemio AG published audited consolidated figures for 2023 – preliminary results confirmed

Avemio AG published audited consolidated figures for 2023 – preliminary results confirmed

Frankfurt/Main, 28 June 2024 – Avemio AG (ISIN DE000A2LQ1P6, WKN A2LQ1P), a leading system supplier for hardware and software in the field of broadcast as well as professional media, audio and video solutions, today published its annual report for the 2023 financial year. According to the report, the Company generated consolidated revenue of EUR 99.2 million (2022: EUR 108.7 million) and break-even earnings before interest, taxes, depreciation and amortization (EBITDA) (2022: EUR 4.4 million), thus confirming the published preliminary results.

With equity of over EUR 26 million, an equity ratio of 52% and liquidity of EUR 5.4 million, Avemio has a solid basis for future growth and the continuation of the defined growth strategy of organic growth in its core retail business, targeted acquisitions, particularly in the international area, and the establishment of a media technology group through acquisitions, company start-ups and in-house digital developments.

For the current financial year, Avemio AG expects sales and earnings to stabilize.

The 2023 Annual Report of Avemio AG is available on the Company's website at https://avemio.com/en/news/.

About Avemio AG

Avemio AG is a media technology group with a focus on professional film and television technology. The trading group, which has been growing strongly for many years and has the highest turnover in the German-speaking B2B market with around EUR 100 million, supplies content producers as a manufacturer-independent provider with products from all major manufacturers. This also includes consulting and technical support for complete production, post-production, and broadcast systems as well as the planning, creation and system integration of media technology workflows with its own software products and cloud offerings.

The share capital of Avemio AG is divided into 3,832,150 no-par bearer shares and listed on the primary market of the Düsseldorf Stock Exchange.

At the beginning of the year 2023, the stock market listing took place as part of a reverse IPO. Here, after 30 years of existence, Teltec AG took over the shell company Palgon AG, which was listed on the Düsseldorf Stock Exchange, and changed its name to Avemio AG. The Company was promoted to the primary market and admitted to the Xetra trading platform and relocated from Düsseldorf to Frankfurt.

Avemio AG is planning internationalization as part of a buy-and-build strategy with already identified target companies as well as the expansion of the high-margin software offering.

Investor Relations

Lindsay Lorent
ir@avemio.com
Avemio AG
Schaumainkai 91
60596 Frankfurt
Germany

Press Contact

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Bahnhofstr. 98
82166 Graefelfing/Munich
Germany
Phone: +49 89 125 09 03-30
Mail: sh@crossalliance.de
www.crossalliance.de