PRESS RELEASES & AD-HOC
Preliminary data for the 2021/22 business year
Hamburg, 15th Nove1mber 2022
- Net profit (before minority interest) above previous year at 12.0 to 12.5 million EUR
- Turnover above previous year with approx. 276 million EUR
Today, the management analysed the first, preliminary financial data for the 2021/22 financial year that ended on 30 September 2022.
It now expects that the previously forecast consolidated net income (before minority interests) of EUR 10.0 – 15.0 million will actually be between EUR 12.0 and 12.5 million. Due to higher profit shares of the 100% group subsidiaries, the group net profit after minority interests will increase to between EUR 11.3 and 11.8 million (previous year: EUR 6.6 million). The previously forecast turnover of EUR 250 to 260 million will be higher at around EUR 276 million (previous year: EUR 251 million).
The company expects EBITDA to be higher than in the previous year at EUR 30.7 to 31.2 million (previous year: EUR 25.9 million) and EBIT to be higher than in the previous year at EUR 21.3 to 21.8 million (previous year: EUR 16.9 million).
“In the 2021/22 financial year, the streaming and vinyl segments continued to grow in our core market, music. We were able to exploit various market opportunities with successful releases in all our Music & Entertainment divisions. At optimal media, the financial year was characterised by the massive increase in costs for energy and also raw materials, which we were not always able to pass on in the dynamic of the last few months; the loss of margin was compensated for by a higher volume and the expansion of the distribution business with Universal Music, among others,” explains Dr Jonas Haentjes, Managing Director of the personally liable partner Edel Management SE.