Avemio AG: Revenue and earnings for 2023 below forecast according to
preliminary figures

EQS-Ad-hoc: Avemio AG / Key word(s): Preliminary Results/Profit Warning
Avemio AG: Revenue and earnings for 2023 below forecast according to
preliminary figures

24-Jun-2024 / 17:48 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 of Regulation (EU)
No 596/2014

Avemio AG: Revenue and earnings for 2023 below forecast according to
preliminary figures

Frankfurt/Main, 24 June 2024 - Based on preliminary and unaudited figures,
Avemio AG's revenue and earnings in the past financial year 2023 are below
the forecast adjusted in January 2024. Accordingly, Avemio AG (ISIN
DE000A2LQ1P6, GSIN A2LQ1P) generated revenue of EUR 99.2 million in the 2023
financial year (previous forecast: EUR 103 million; 2022: EUR 108.7 million)
and, taking into account preparations for further acquisitions, earnings
before interest, taxes, depreciation and amortization (EBITDA) of around EUR
0.0 million (previous forecast: EUR 0.8 million; 2022: EUR 4.4 million).

The main reason for the change in revenue development is that the companies
MoovIT GmbH and MoovIT Software Products GmbH, which were acquired in June
2023, were not consolidated retroactively as of 1 January 2023, contrary to
the original planning, but as of 1 September 2023. The effect on revenue
amounts to around EUR 3.6 million. The change in EBITDA is also
characterized by unexpectedly higher start-up and development costs for
start-ups and incubators in the scope of consolidation.

Equity improved by EUR 13.4 million to around EUR 25.9 million as of 31
December 2023 due to the contribution of Teltec AG, corresponding to an
increase in the equity ratio to over 50%.

With cash and cash equivalents totaling around EUR 5.5 million as of the
2023 balance sheet date and unutilized credit lines of around EUR 2.3
million, Avemio AG has solid financing for the company's further growth.
There is still a commitment from Beteiligungs-Managementgesellschaft Hessen
mbH (BMH, Investment Management Company of the State of Hessen) for a silent
partnership in the amount of EUR 5 million, which will further strengthen
equity and serve to support future acquisitions.

Despite the still challenging market conditions, the Executive Board
believes that Avemio AG's market positioning is promising and expects
revenues and earnings to stabilize in the current 2024 financial year.

Publication of the Annual Report 2023:
Avemio AG will publish the audited Annual Report 2023 on 28 June 2024 in the
IR section of the website at https://avemio.com/en/news/.

Contact:
Investor Relations
Lindsay Lorent
ir@avemio.com
Avemio AG
Schaumainkai 91
60596 Frankfurt


End of Inside Information

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24-Jun-2024 CET/CEST The EQS Distribution Services include Regulatory
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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:    1931893

End of Announcement EQS News Service
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1931893 24-Jun-2024 CET/CEST