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EQS-Ad-hoc: OTI Greentech AG / Key word(s): Quarter Results/Miscellaneous
OTI Greentech AG: OTI Greentech AG gets off to a positive start in 2024
17-May-2024 / 13:40 CET/CEST
Disclosure 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.
Publication of inside information pursuant to Article 17 MAR
OTI Greentech AG gets off to a positive start in 2024
Berlin, May 17, 2024 - OTI Greentech AG (ISIN DE000A2TSL22), an international provider of innovative and sustainable
chemical products and services for industry, listed on the Düsseldorf Stock Exchange, has achieved a significant
improvement in earnings in the first months of the 2024 financial year. While the operating result, EBIT, was still
slightly negative at EUR -9 thousand in the first quarter of 2023, a positive operating EBIT of EUR 115 thousand was
achieved in the first quarter of 2024. Both operating subsidiaries - KMI Cleaning Solutions in the USA and UNIservice
Unisafe in Italy - contributed to this positive development.
The results for the first months of 2024 indicate a significant improvement in operating profitability in the current
year.

End of Inside Information
Information and Explanation of the Issuer to this announcement:
Explanatory part:
This improvement in earnings was achieved through further operational cost optimization on the one hand and an
improvement in the gross margin on the other. Operating revenue in the first quarter of 2024 was 11% lower than in the
same quarter of the previous year. The main reason for the decline in revenue is a contract amendment with KMI's main
customer. In anticipation of this potential change, KMI has already successfully focused on high-margin specialty
products. In Italy, UNIservice continued to expand its Fire, Rescue & Safty (FRS) security business.
OTI Greentech AG continues to pursue its strict policy of reducing administrative costs and improving services for the
operating units.
"The trend continues to point upwards. Our focus on profitability and operational performance is now delivering initial
results. We are pleased with this development and see further increasing profitability in our operating subsidiaries.
More intensive cooperation among these subsidiaries opens up a broader range of applications for our products and
services," explains Dr. John C. Kisalus, CEO of OTI Greentech AG.
OTI Greentech expects to publish the final figures for the 2023 financial year, together with the 2023 annual report,
on June 28, 2024 on the website www.oti.ag.
Contact:
OTI Greentech AG
Dr. John C. Kisalus, CEO
info@oti.ag
Phone +49 30 887 865 62
Friedrichstrasse 79
10117 Berlin
edicto GmbH
Dr. Sönke Knop
sknop@edicto.de
Phone +49 69 905505-51
Eschersheimer Landstr. 42-44
60322 Frankfurt

17-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press
Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      OTI Greentech AG 

Friedrichstraße 79
10117 Berlin
Germany

Phone:        +49 30 887 865 62 
Fax:          +49 30 690 884 88 
E-mail:       info@oti.ag 
Internet:     www.oti.ag 
ISIN:         DE000A2TSL22 
WKN:          A2TSL2 
Listed:       Regulated Unofficial Market in Dusseldorf 
EQS News ID:  1906033 

End of Announcement EQS News Service
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1906033 17-May-2024 CET/CEST

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END) Dow Jones Newswires

May 17, 2024 07:41 ET (11:41 GMT)