PRESS RELEASES & AD-HOC
Preliminary data for the 2022/23 business year
Hamburg, 28th November 2022
- Sales increased by 1.2% to EUR 280.2 million
- Consolidated net profit rose by 2.8% to EUR 12.7 million
- EBITDA increased by 1.2% to EUR 31.3 million
Edel SE & Co. KGaA in Hamburg was able to increase its sales and consolidated net income for the past financial year compared to the previous year based on the preliminary earnings figures.
The consolidated sales of Edel SE & Co. KGaA rose by 1.2% from EUR 277.0 million in the previous year to EUR 280.2 million in the 2022/23 financial year (1 October 2022 – 30 September 2023). EBITDA rose by 1.2% to EUR 31.3 million after EUR 31.0 million in the previous year. EBIT increased from EUR 21.5 million to EUR 22.2 million. Consolidated net profit for the year rose by 2.8% from EUR 12.4 million in the previous financial year to EUR 12.7 million. Earnings after minority interests rose from EUR 11.6 million to EUR 12.2 million. Earnings per share thus totalled EUR 0.57 (previous year: EUR 0.54). The result still includes the effects of the adjustment posting for the first half of 2022/23.
Cash and cash equivalents as at 30 September 2023 amounted to EUR 16.5 million (previous year: EUR 15.6 million). Cash flow from operating activities increased by 93.5% from EUR 16.6 million to EUR 32.1 million. Equity as at 30 September 2023 amounted to EUR 49.9 million (previous year: EUR 43.9 million). The equity ratio was 25.9% (previous year: 22.5%).
The financial year was characterised by various effects. In the first half of the year, optimal media achieved a strong increase in sales, mainly due to price adjustments in connection with higher raw material prices. The second half of the year, on the other hand, was characterised by challenging price reductions and volume pressure. Nevertheless, optimal media was able to close the financial year with a higher result than in the previous year. The financial year of the Music & Entertainment content and distribution divisions was characterised above all by the continued growth in business with digital platforms. The Edel publishing group also had a successful year and recorded a pleasing development.
“Despite the challenging economic situation, we were able to successfully develop our business with our artists, partners and colleagues. In particular, our work with digital content continues to grow strongly and was able to very well compensate for the slight reluctance of consumers to purchase physical products, including the vinyl market,” explains Dr Jonas Haentjes, Managing Director of the general partner Edel Management SE.
A successful, profitable business is expected for the 2023/24 financial year. The company is planning sales of EUR 280 to 300 million and a consolidated net profit for the year of EUR 10.0 to 15.0 million.