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EQS-News: EV Digital Invest AG / Key word(s): Change in Forecast
EV Digital Invest AG updates forecast for 2024 and places convertible bonds
2024-05-30 / 18:20 CET/CEST
The issuer is solely responsible for the content of this announcement.
EV Digital Invest AG updates forecast for 2024 and places convertible bonds

. EV Digital Invest AG updates EBIT forecast for 2024 to between EUR -3.5m and EUR -4.1 million
. Based on the updated financial planning, there is a capital requirement, which will be covered by the
issuing of convertible bonds. Majority shareholder subscribed the first convertible bond and an obligation to
subscribe to the second one
. Key strategic measures successfully implemented in 2024 - acquisition of the ECSP licence, introduction
of the deposit account, successful launch of the first solar financing project, which was fully financed within
just a few minutes

Berlin, 30 May 2024. EV Digital Invest AG (ISIN: DE000A3DD6W5), operator of the two online investment platforms 'Engel
& Völkers Digital Invest' and 'Digital Invest Assets', expects the effects of the historically unprecedented real
estate crisis to be felt for longer than previously expected. The company is therefore lowering its forecast for 2024.
Based on the updated financial planning, there is a capital requirement that will be covered by the placement of two
convertible bonds, which will be subscribed by the majority shareholder. By successfully diversifying its product
portfolio, EV Digital Invest AG is laying the foundations for sustainable and broad-based growth as soon as the
recovery in the property market becomes clearly noticeable. The aim is therefore to continue to orientate the company
towards sustainable profitable growth in a market environment that remains challenging.
Marc Laubenheimer, CEO of EV Digital Invest AG, explains: "The current market situation poses major challenges for all
companies related to the property sector. However, our vision remains intact: we want to become a multi-asset platform
that enables our clients to invest from one Euro to several million Euros in a wide range of risk classes. We are
pleased that our majority shareholder shares this vision and is providing the capital required to realise it. We are
confident that our new products have been well received by our customers. Our deposit account product got off to a good
start and our first solar financing project was fully placed within a few minutes. This gives us confidence for the
future."
Update forecast and cover capital requirements
Due to the ongoing difficult market phase, the company expects income^1) of between EUR 2.3 million and EUR 2.7 million
for 2024 (2023: EUR 4.5 million). EBIT of between EUR -3.5 million and EUR -4.1 million is planned for the 2024
financial year (2023: EUR -3.7 million). The previous forecast for the 2024 financial year envisaged an increase in
income of 10 to 30 per cent compared to the previous year, with an improved EBIT of up to EUR -1.9 million.
At the same time, various measures are being taken to reduce total costs to between EUR 5.8 million and EUR 6.6
million. The Management Board already took cost-cutting measures in the first quarter of 2024, enabling total costs to
be reduced by more than 10% in the first three months of the year compared to the financial planning.
However, in this context, an additional capital requirement was identified. This will be covered by the placement of
two convertible bonds with a total issue volume of EUR 2.5 million. For this reason, the company decided today to issue
a first convertible bond with a nominal amount of EUR 1.1 million. This was subscribed by the majority shareholder. In
addition, the majority shareholder has undertaken to subscribe to a further convertible bond with a nominal value of
EUR 1.4 million, which is to be issued after the upcoming Annual General Meeting. Shareholders' subscription rights
have been or will be excluded. The conversion price is EUR 3.25 per share, emphasizing the majority shareholder's
continued committment to the company's long-term development. The term of the convertible bonds is 2 years. The bonds
are subject to qualified subordination.
Karl Poerschke, COO of EV Digital Invest AG, explains: "In addition to the planned stabilisation of revenues, we have
already taken initial steps to reduce costs. We will continue to intensify these efforts. With this concept and the
successful introduction of new products such as the 'ECSP loan' offer, our deposit account product and solar projects,
we were able to convince our investors."
About EV Digital Invest AG
EV Digital Invest AG, license partner of Engel & Völkers Marken GmbH & Co. KG, offers investors a broad range of
products and services on its digital investment platforms across various asset classes - from real estate investments
in various asset classes, a deposit account and ETFs to holistic wealth management. Under the two brands 'Engel &
Völkers Digital Invest' and 'Digital Invest Assets', investors can invest from one Euro to several million Euros - with
or without real estate focus. With a sustainable and quality-focused business strategy, the company has a strong
positioning in attractive growth markets.
Under the "Engel & Völkers Digital Invest" brand, investors are given the opportunity to participate in selected real
estate projects as co-investors. As a quality-leading platform in the field of digital real estate investment and
financing, as well as part of Engel & Völkers' global licensing partner network, it enjoys exceptionally high brand
recognition. EV Digital Invest AG has financed real estate projects with over EUR 248 million in investment volume.
Under the brand "Digital Invest Assets", the company also offers digital investment opportunities unrelated to real
estate. The offering includes a deposit account, efficient ETF portfolios for general wealth preservation and growth as
well as individual investment solutions - tailored to the needs and goals of wealthy clients/investors.
More information:
www.ev-digitalinvest.de
www.digitalinvest-assets.de
EV Digital Invest AG
Licence partner of Engel & Völkers Marken GmbH & Co. KG
Joachimsthaler Str. 12
10719 Berlin
www.ev-digitalinvest.de
Contact:
Kirchhoff Consult, Jan Hutterer
Borselstraße 20, 22765 Hamburg
Phone: +49 40 60 91 86 65
E-mail: ev-digitalinvest@kirchhoff.de
1) Income is made up of the following items in the income statement: 1. sales, 2. other operating income, 3. other
interest and similar income.
2024-05-30 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      EV Digital Invest AG 

Joachimsthaler Straße 10
10719 Berlin
Germany

Phone:        +49 30 403 69 15 21 
E-mail:       info@ev-digitalinvest.de 
Internet:     www.ev-digitalinvest.de 
ISIN:         DE000A3DD6W5 
WKN:          A3DD6W 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, 

Tradegate Exchange
EQS News ID: 1914827

End of News EQS News Service
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1914827 2024-05-30 CET/CEST

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END) Dow Jones Newswires

May 30, 2024 12:20 ET (16:20 GMT)