niiio finance group AG: Update: Impairment at niiio finance group AG

EQS-Ad-hoc: niiio finance group AG / Key word(s): Miscellaneous
niiio finance group AG: Update: Impairment at niiio finance group AG

18-Jun-2024 / 18:03 CET/CEST
Update of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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niiio finance group AG: Ad-hoc reporting according to Art. 17 MAR

Update: Impairment at niiio finance group AG

Görlitz, 18.6.2024

In connection with the audit of the annual accounts of financial year 2023
and in co-operation with the Company's auditor, the executive board of niiio
finance group AG has identified an additional requirement for impairment
regarding DSER GmbH in the amount of 1.12m EUR. Together with the downward
adjustment published ad hoc on 21.5.2024 in the amount of 3.14m EUR, the
test of balance sheet values (impairment test) leads to a downward
adjustment of the carrying value of DSER GmbH in the Company's accounts of
4.26m EUR in total, to a carrying value of -6.3m EUR.
The additional impairment was triggered by an update of the discount rate
used for the impairment test which had to be increased in deviation from
prior years' values.
The impairments published ad hoc today and on 21.5.2024 will affect the
results in niiio finance group AG's stand-alone accounts by a one-off effect
of 4.26m EUR and will in parallel negatively affect the goodwill in group
accounts by the same amount.

Kontakt:
Johann Horch
E-Mail: ir@niiio.finance
Telefon: +49 35 81 / 374 99 - 0


End of Inside Information

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   Language:       English
   Company:        niiio finance group AG
                   Elisabethstraße 42/43
                   02826 Görlitz
                   Germany
   Phone:          +49(0)611 - 205855-64
   Fax:            +49(0)611 - 205855-66
   E-mail:         ir@niiio.finance
   Internet:       www.niiio.finance
   ISIN:           DE000A2G8332
   WKN:            A2G833
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1928037

End of Announcement EQS News Service
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1928037 18-Jun-2024 CET/CEST