SEVEN PRINCIPLES AG

Latest Results (14.08.2024):

Profitable Year-End

SEVEN PRINCIPLES AG (7P) successfully closed the 2023 financial year profitably, surpassing its revised forecast. The company reported consolidated sales of approximately EUR 71.0 million, a decrease from EUR 80.9 million in 2022. Despite the drop in sales, the company managed to generate an EBITDA of around EUR 1.8 million.

EBIT and Net Income

For the 2023 financial year, SEVEN PRINCIPLES AG achieved an EBIT of around EUR 1.0 million, down from EUR 3.7 million in 2022. The consolidated net income for the year was approximately EUR 1.2 million, compared to EUR 2.4 million in the previous year. This performance exceeded the annual forecast published in September 2023.

Sales Decline

SEVEN PRINCIPLES AG experienced a significant decline in sales in its traditional existing business during the 2023 financial year. This slump in sales put pressure on the company to transform its business model. The Executive Board anticipates that this pressure will continue into the 2024 financial year.

Future Outlook

Looking ahead, SEVEN PRINCIPLES AG's Executive Board is optimistic about the necessary transformation of the business portfolio. They forecast that the company can still achieve profitability despite the ongoing challenges in the traditional business sectors. The focus will be on adapting and evolving the business model to meet market demands.

Financial Statements Availability

The 2023 annual financial statements for SEVEN PRINCIPLES AG are now available for download. Interested parties can access these documents on the company's website under the Investor Relations section in the Financial Reports area. This transparency aims to keep investors and stakeholders well-informed about the company's financial health.