Consolidated annual results for fiscal year 2021/22

Hamburg, 15th December 2022

  • Sales increased by 10% to EUR 277.0 million
  • Consolidated net income increased by +68 % to EUR 12.4 million
  • Consolidated net income increased by +68 % to EUR 12.4 million

Edel SE & Co. KGaA in Hamburg has been able to increase sales and consolidated net income for the past fiscal year 2021/22 (October 1, 2021 – September 30, 2022) compared to the previous year.

The consolidated revenue of Edel SE & Co. KGaA rose by 10% from EUR 251.3 million in the previous year to EUR 277.0 million. EBITDA rose by 19% to EUR 31.0 million from EUR 25.9 million in the previous year. EBIT increased from EUR 16.9 million to EUR 21.5 million. Consolidated net income rose by 68% from EUR 7.4 million in the previous fiscal year to EUR 12.4 million. Earnings after minority interests rose from EUR 6.6 million to EUR 11.6 million. Earnings per share thus amounted to EUR 0.54 (previous year: EUR 0.31).

Cash and cash equivalents as of September 30, 2022 amounted to EUR 15.6 million (previous year: EUR 8.8 million). Cash flow from operating activities fell to EUR 16.6 million (previous year: EUR 23.7 million), for example due to investments in inventories at optimal media. Equity as of September 30, 2022 amounted to EUR 43.9 million (previous year: EUR 36.6 million). The equity ratio was 22.5% (previous year: 22.9%).

In the financial year, sales increased primarily at optimal media as a result of higher vinyl volumes, price increases due to energy and raw materials, and the expansion of the distribution business. Once again, digital sales of content via platforms such as Spotify, Amazon and Apple also grew, both in the distribution business and in the company’s own content divisions.

“In fiscal year 2021/22, streaming and vinyl continued to grow in our core market, music. In all of our Music & Entertainment divisions, we were able to take advantage of various market opportunities with successful releases. At optimal media, the financial year was characterized by the massive increase in costs for energy and also raw materials, which we were not always able to pass on in the dynamics of recent months. The loss of margin could be compensated by a higher volume and the expansion of the distribution business with Universal Music,” explains Dr. Jonas Haentjes, Managing Director of the personally liable partner Edel Management SE. The business is expected to remain successful and profitable in fiscal year 2022/23. The company is planning sales of EUR 280 to 300 million and a consolidated net profit of EUR 10.0 to 15.0 million.

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