PRESS RELEASES & AD-HOC

Consolidated annual results for fiscal year 2023/24

Hamburg, 12th December 2024

• Sales fell by 7.7% to EUR 258.6 million
• Consolidated net profit fell by 9.8% to EUR 11.5 million
• EBITDA increased by 3.2% to EUR 32.3 million
  

Edel SE & Co. KGaA in Hamburg was able to increase its EBITDA for the past financial year compared to the previous year.

The consolidated sales of Edel SE & Co. KGaA fell by 7.7% from EUR 280.2 million in the previous year to EUR 258.6 million in the 2023/24 financial year (1 October 2023 – 30 September 2024). EBITDA rose by 3.2% to EUR 32.3 million after EUR 31.3 million in the previous year. EBIT fell from EUR 22.2 million to EUR 20.9 million. Consolidated net profit for the year fell by 9.8% from EUR 12.7 million in the previous financial year to EUR 11.5 million. Earnings after minority interests fell from EUR 12.2 million to EUR 11.0 million. Earnings per share thus totalled EUR 0.52 (previous year: EUR 0.57).

Cash and cash equivalents as at 30 September 2024 amounted to EUR 11.9 million (previous year: EUR 16.5 million). Cash flow from operating activities fell from EUR 32.1 million to EUR 12.6 million. The decline in cash flow by EUR -19.5 million compared to the previous year was largely characterised by various one-off effects, such as tax payments resulting from the company’s successful past two financial years. Equity as at 30 September 2024 amounted to EUR 54.2 million (previous year: EUR 49.9 million). The equity ratio was 26.4% (previous year: 25.9%).

The financial year of Edel SE & Co. KGaA was characterised by various influences. As in the previous six months, the development of optimal media GmbH proved to be challenging due to increasing volume pressure on the market. Nevertheless, optimal media managed to keep profitability stable compared to the previous year. A decisive factor in this was efficient cost management, particularly in energy procurement.
In the Music & Entertainment division, growth in digital sales via the sales company Kontor New Media was once again a key driver. The Edel Kids, Edel Motion and earMUSIC labels delivered a positive earnings performance.
The Edel Publishing Group was also able to look back on a successful financial year. The positive developments in the publishing divisions emphasise the strength and diversity of the portfolio.

“In the past financial year 2023/24, we were able to acquire two strategically valuable companies, WVG Medien GmbH and JUMBO Neue Medien & Verlag GmbH. Both will make a relevant contribution to our earnings performance in the coming years. The financial year was characterised by successful publications, a positive trend in our streaming revenue and a challenging economic environment. It is particularly important to emphasise how effectively we were able to compensate for the ongoing volume pressure in the vinyl business thanks to the commitment and expertise of our employees. Despite higher interest rates and significant investments in our IT infrastructure, we were able to offset these challenges. In summary, we are satisfied with our business performance in 2023/24 under the challenging market conditions,” explains Dr Jonas Haentjes, Managing Director of the general partner Edel Management SE.

Successful, profitable business is expected for the 2024/25 financial year. The company is planning sales of EUR 260 to 290 million and a consolidated net profit for the year of EUR 9.0 to 13.0 million.

The company is proposing a dividend of EUR 0.30 per share for the past financial year.