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

EQS-News: Avemio AG / Key word(s): Annual Report/Annual Results
Avemio AG published audited consolidated figures for 2023 - preliminary
results confirmed

28.06.2024 / 16:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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


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28.06.2024 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.

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   Language:       English
   Company:        Avemio AG
                   Schaumainkai 91
                   60596 Frankfurt
                   Germany
   Phone:          06134 5844872
   E-mail:         ir@avemio.com
   Internet:       www.avemio.com
   ISIN:           DE000A2LQ1P6
   WKN:            A2LQ1P
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf
                   (Primärmarkt), Frankfurt, Munich
   EQS News ID:    1936039

End of News EQS News Service
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1936039 28.06.2024 CET/CEST