OTI Greentech AG: OTI Greentech AG gets off to a positive start in 2024

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.

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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

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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


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17-May-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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   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