Goerlitz/Frankfurt, 08.03.2022 | niiio finance group AG (ISIN: DE000A2G8332) generated sales of EUR 7.5 million in the 2022 financial year based on consolidated preliminary and unaudited figures. Earnings before interest, taxes, depreciation and amortisation (EBITDA) were clearly positive at EUR 0.8 million and, with an EBITDA margin of a good 11%, significantly above the earnings forecast for the financial year. For 2022, the Executive Board had forecast revenues of between EUR 7.5 million and EUR 7.9 million as well as a balanced to slightly positive EBITDA, the latter developing much better than expected despite revenues at the lower end of the range.
The reason for the positive earnings development was an increased focus on cost savings in the second half of 2022, the increased capitalisation of expenses for the further development of the Group’s own software platforms and positive developments in Group provisions.
About niiio finance group AG:
niiio finance group AG (niiio) is creating a scalable pan-European WealthTech platform by bundling technological innovations in order to enable asset and wealth managers to digitalise their processes and optimally serve their clients. niiio is a Software-as-a-Service (SaaS) provider for asset and wealth management. As a “one-stop shop”, the company digitalises the processes of its more than 80 European customers so that they can work efficiently, flexibly and on a legally compliant basis. As an industry pioneer, niiio is also driving the consolidation of the software market and plans to replicate existing processes in a decentralised manner via distributed ledger technology (DLT) and blockchain in the medium to long term. niiio’s vision is the cost-effective digital issuance, custody, management and subsequent trading of securities based on DLT – and, as a consequence, decentralised settlement based on blockchain technology.
This release contains statements about the future development of the niiio Group. These forward-looking statements are based on the Management Board’s current expectations, assumptions and forecasts, and the information currently available to the Management Board. They have been compiled to the best of the Management Board’s knowledge. As far as such forward-looking statements are concerned, no guarantee can be given and no liability can be assumed that the future developments and results mentioned will occur as presented. Rather, future developments and results depend on various factors. They entail risks and uncertainties that lie beyond the Company’s control and are based on assumptions that may not prove to be accurate. Notwithstanding any legal requirements to revise forecasts, we do not assume any obligation to update the forward-looking statements made in this release.