PRESS RELEASES & AD-HOC

Preliminary consolidated net income for fiscal 2020/21

• Sales increased by 17% to EUR 251.3 million
• Consolidated net income increased by +172% to EUR 7.4 million
• EBITDA increased by 38% to EUR 25.9 million

Hamburg, December 7, 2021

Edel SE & Co. KGaA in Hamburg was able to increase sales and consolidated net income compared to the previous year on the basis of preliminary earnings figures for the past fiscal year.

Consolidated sales of Edel SE & Co. KGaA increased by 17% from EUR 214.1 million in the previous year to EUR 251.3 million in fiscal year 2020/21 (October 1, 2020 – September 30, 2021). EBITDA increased by 38% to EUR 25.9 million, compared to EUR 18.8 million in the previous year. EBIT increased from EUR 9.3 million to EUR 16.9 million. Consolidated net income for the year rose by 172% from EUR 2.7 million in the previous financial year to EUR 7.4 million. Earnings after minority interests rose from EUR 2.5 million to EUR 6.6 million. Earnings per share thus amounted to EUR 0.31 (previous year: EUR 0.12).

Cash and cash equivalents as of September 30, 2021 amounted to EUR 8.8 million (previous year: EUR 15.5 million). Cash flow from operating activities remained constant at EUR 23.8 million (previous year: EUR 23.7 million). Equity as of September 30, 2021 amounted to EUR 36.6 million (previous year: EUR 32.6 million). The equity ratio was 23% (previous year: 21%).

In the financial year, revenues increased in almost all business areas. Once again, digital sales of content via platforms such as Spotify, Amazon and Apple grew both in the distribution business and in the company’s own content divisions, such as Edel Kids, earMUSIC and Brilliant Classics. optimal media was also able to significantly increase sales and returns for the year as a whole, driven by vinyl production. The Edel publishing group also continued to develop very positively.

In the financial statements, the Group has recognized a provision for the risk of trade tax arrears covering the maximum risk for all open assessment periods.

“In the 2020/21 financial year, the streaming and vinyl trends in our core music market strengthened significantly. We were able to make good use of the resulting opportunities. I would like to express my sincere thanks to our colleagues for their tireless efforts. For the coming year, we expect a somewhat weakened growth dynamic coupled with significantly higher costs due to inflation, especially for raw materials,” explains Dr. Jonas Haentjes, Managing Director of the general partner Edel Management SE.

The business is expected to be successful and profitable in fiscal 2021/22. The company is planning sales of EUR 250 to 260 million and consolidated net income of EUR 7.0 to 9.0 million.