16.07.2024 14:23:40 - dpa-AFX: EQS-Adhoc: niiio finance group AG: Adjustment of guidance regarding the expected EBITDA for 2024 due to reclassification of one-off expenses (english)

niiio finance group AG: Adjustment of guidance regarding the expected EBITDA
for 2024 due to reclassification of one-off expenses

EQS-Ad-hoc: niiio finance group AG / Key word(s): Change in Forecast
niiio finance group AG: Adjustment of guidance regarding the expected EBITDA
for 2024 due to reclassification of one-off expenses

16-Jul-2024 / 14:23 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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niiio finance group AG: Ad-hoc reporting according to Art. 17 MAR
Adjustment of guidance regarding the expected EBITDA for 2024 due to
reclassification of one-off expenses
Görlitz, 16.07.2024: niiio finance group AG (ISIN: DE000A2G8332),
stock-listed Software-as-a-Service platform for asset and wealth management,
has updated its financial projections, expecting for fiscal year 2024 an
EBITDA of -1.4 to -1.1m EUR, deviating from prior guidance of 0.7 to 1m EUR
(published on 8th December 2023). Consolidated revenues are expected
unchanged in a range between 8.5 and 9.5m EUR.
The updated EBITDA expectation is a result of a reclassification of one-off
expenses which are mainly related to the partial repayment of the
convertible loan note and the expected contribution of fundsaccess AG,
FundHero S.A. and FinTecc LLC. This reclassification has been made in the
audit of the 2023 financial statements. For 2023, this reclassification will
have only limited consequences, reducing the expected EBITDA from a prior
range of 0.6 to 0.8m EUR to ca. 0.45m EUR.
As resolved by the extraordinary general meeting on 22nd May 2024,
fundsaccess AG, FundHero S.A. and FinTecc LLC shall be contributed into the
group controlled by the company. On the basis of an assumed reflection of
these contributions in the commercial register in August 2024, and based on
current projections of financial performance, the company expects revenues
in an unchanged range of 18 to 20m EUR und an EBITDA in a range of -0.1 und
+1.9m EUR (former exepctation: 2 to 4m EUR).


End of Inside Information

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   Language:       English
   Company:        niiio finance group AG
                   Elisabethstraße 42/43
                   02826 Görlitz
                   Germany
   Phone:          +49(0)611 - 205855-64
   Fax:            +49(0)611 - 205855-66
   E-mail:         ir@niiio.finance
   Internet:       www.niiio.finance
   ISIN:           DE000A2G8332
   WKN:            A2G833
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1947349




End of Announcement EQS News Service
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1947349 16-Jul-2024 CET/CEST
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
NIIIO FIN.GRP AG NA O.N. A2G833 München 0,590 23.08.24 08:06:36 ±0,000 ±0,00% 0,000 0,000 0,590 0,590

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