Private Assets SE & Co. KGaA with final figures for 2023

Hamburg, 04 July 2024: Private Assets SE & Co. KGaA (Private Assets) has prepared its consolidated financial statements in accordance with IFRS for the 2023 financial year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR 14.9 million, compared to EUR 13.3 million (adjusted) in 2022. On a preliminary basis, an EBITDA of EUR 16.2 million had been reported for 2023. The reason for the deviation is that, as part of a finalised purchase price allocation, the revaluation of the investment acquired in July 2023 was corrected and the amount of the bargain purchase was therefore adjusted downwards. The equity ratio is therefore 25 % as at 31 December 2023. Based on the preliminary figures, an equity ratio of 26 % had been reported for 2023.

As provisionally reported, sales amounted EUR 162 million in 2023, compared to EUR 116 million in the previous year. This corresponds to an increase of 40 %. The portfolio consisted of 9 investments at the end of 2023. 

In 2023, Private Assets successfully further developed its existing investments and also successfully expanded its portfolio. In addition, Private Assets has also broadened its structure significantly, thereby expanding the basis for the planned further growth. Internationalisation was also stepped up as part of the growth strategy. A production site was acquired in Spain through the investment in Procast Holding. The first foreign office was opened in Paris. This is intended to support international growth, not only in France.

Private Assets expects its successful and profitable business performance to continue in the current 2024 financial year. A total of 4 to 6 new investments are planned, with 3 acquisitions already completed in 2024.

Sven Dübbers, CEO of Private Assets SE & Co. KGaA, explains: "We are very satisfied with the business development in 2023. The figures provide an excellent basis for the planned further growth. Even after the acquisitions already made in 2024, our acquisition pipeline is still well filled."

The 2023 Annual Report can be downloaded from the Private Assets website at https://www.private-assets.de/investor-relations/financial-reports.

‍

About Private Assets SE & Co. KGaA

Private Assets SE & Co. KGaA (Private Assets) is a Hamburg-based investment company specialising in the majority takeover of companies in special situations. Private Assets prefers to invest in corporate spin-offs and medium-sized companies that are currently underperforming as well as companies with unresolved succession issues. Thanks to the management's many years of experience and a proven track record in the development of companies in special situations, the investments are organised efficiently and profitably in the long term. To ensure the necessary rapid implementation, the company has its own task force, which provides operational support as in-house consulting in areas such as product supply, project management, sales & marketing, legal and finance and explicitly drives forward digitalisation topics with the Digital Group. Thanks to the close operational support and active management provided by the shareholders, Private Assets SE & Co. KGaA achieves rapid, efficient and sustainable changes in its investments.

The shares of Private Assets SE & Co. KGaA are traded on the open market of the Berlin Stock Exchange under the securities identification number A3H223. Further information can be found at www.private-assets.de.

Contact Investor Relations

edicto GmbH
Dr Sönke Knop / Jessica Pommer
Phone: +49(0)69/90550551
E-Mail: PrivateAssets@edicto.de

‍