Circus SE: Initial outlook for the 2024 financial year and preliminary
results for 2023

EQS-Ad-hoc: Circus SE / Key word(s): Preliminary Results
Circus SE: Initial outlook for the 2024 financial year and preliminary
results for 2023

14-May-2024 / 08:04 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.

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Circus SE: Initial outlook for the 2024 financial year and preliminary
results for 2023


Circus SE announces an initial outlook for 2024, current developments in the
ongoing financial year, and preliminary figures for the past financial year
2023.

As planned, the core operating business is still in the development phase.
Major investments were made both in the establishment of Circus Robotics and
in the further development of the Circus operating system (Circus OS).
Revenue has so far been generated exclusively from the in-house operation of
test kitchens for the validation of developed technologies and processes.
Accordingly, no revenue has yet been generated from the commercialization of
the technology. According to preliminary figures, a negative EBITDA of EUR
11 - 13 million is expected for the 2023 financial year with revenue of EUR
1.1 million (all figures are based on a pro forma analysis in which the new
holding company Circus SE and the operating subsidiary Circus Kitchens GmbH
are included for the full financial year and Circus Robotics GmbH, which was
acquired in August 2023, is only included from this acquisition date).

As in 2023, the 2024 financial year will also be characterized by further
technological developments and preparations for series production, meaning
that a negative EBITDA is also expected for 2024. A key factor for the
company's further development will be to secure contracts to generate
revenue from the commercialization of its technology. The company is
currently in advanced talks with potential customers who initially want to
test the company's technology and have a basic need for quantities in the
four-digit range. If these promising negotiations on potentially
large-volume customer contracts are successfully concluded, revenues are
expected from 2025 onwards according to current planning.

Kontakt:
Circus SE
Hongkongstr. 6
20457 Hamburg
E-Mail: contact@circus-group.com


End of Inside Information

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   Language:       English
   Company:        Circus SE
                   Hongkongstrasse 6
                   20457 Hamburg
                   Germany
   E-mail:         ir@circus-group.com
   Internet:       https://www.circus-group.com/investors
   ISIN:           DE000A2YN355
   WKN:            A2YN35
   Listed:         Regulated Unofficial Market in Frankfurt, Munich
                   (m:access)
   EQS News ID:    1902037

End of Announcement EQS News Service
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1902037 14-May-2024 CET/CEST