Advanced blockchain with preliminary figures for 2022

Advanced blockchain with preliminary figures for 2022

• Net sales: 17.7 million euros
• EBITDA more than €580,000
• EBIT more than €560,000
• Net cash more than 4.3 million euros

May 3, 2023 – Advanced Blockchain AG (“AB”, Scale Frankfurt, primary market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator, architect and investor for the blockchain industry, announces, despite massively challenging market environments, only a slight decrease in Net sales, according to preliminary and unaudited figures.

According to these figures, net sales came to 17.69 million euros (FY 2022: 17.98 million euros), EBITDA was more than 580k € (FY 2022: 6.3 million euros) and EBIT more than 560k € (FY 2022: 6.2 million) €). This significant reduction in EBITDA and EBIT comes down to massive turmoil in the crypto markets. Net cash was approximately EUR 4.3 million at the end of December 2022.

Simon Telian, CEO of AB comments: “Our investments and our group strategy showed impressive crisis resilience in 2022 at the top level. Given the various challenges, we are satisfied with our results and the current financial year also started very promisingly. So we will continue our successful path in 2023 as well, with a clear focus on margins and increased efficiency.”

The revised consolidated full-year report for 2022 will be published soon.

Contact:
[email protected]

About Advanced Blockchain AG:
Advanced Blockchain AG (Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) is a venture builder and investor in the blockchain industry with an extensive network of analysts, developers, programmers, economists and mathematicians. Advanced Blockchain AG is dedicated to developing the future of Web 3.0 and innovating in various ecosystems and markets in the industry.

For more information about Advanced Blockchain AG, its various projects and investments, please visit https://www.advancedblockchain.com/.