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Amsterdam, 23 Might 2022 – Azerion has revealed the annual report and audited monetary outcomes for the total 12 months 2021 of Azerion Holding B.V. (Annual Report). The Annual Report may be discovered at azerion.com/buyers
Co-CEO Atilla Aytekin mentioned: “Publishing our Annual Report is a vital milestone for Azerion, following our itemizing at Euronext Amsterdam earlier in 2022. We sit up for persevering with the engagements with the capital markets on the again of our Annual Report and our first quarter 2022 outcomes announcement, deliberate for the tip of Might.”
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The Annual Report consists of up to date monetary statements as in comparison with the preliminary unaudited monetary outcomes full 12 months 2021 revealed on 28 February 2022. The updates to the figures are primarily related to acquisition accounting, following the completion of the acquisition audits, in addition to the accounting remedy of the enterprise mixture with European FinTech IPO Firm 1 (EFIC1) that was accomplished on 1 February 2022, tax and the refinancing of the Firm’s bonds in 2021.
Within the earnings assertion, working revenue was decrease by roughly EUR 9.2 million as in comparison with the preliminary outcomes 2021, whereas EBITDA elevated by some EUR 1.8 million, primarily pushed by increased depreciation and amortisation, in addition to decrease features from foreign money translation results. In consequence, the loss after tax for the 12 months was increased by roughly EUR 9.1 million, as in comparison with the preliminary outcomes 2021.
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The steadiness sheet’s property elevated by roughly EUR 15.8 million, primarily associated to the completion of buy value allocation of acquisitions. As well as, there was a reclassification of EUR 8.8 million related to share appreciation rights associated to acquisitions, from fairness to different liabilities.
The money stream assertion was up to date with reclassifications totalling some EUR 8.2 million comprising the pay-out of contingent consideration from money stream from working actions to money stream from investing actions and the reimbursement of borrowings to former homeowners of acquired firms from money stream from financing actions to money stream from investing actions. As well as, there was a reclassification of roughly EUR 10.5 million related to prices of early settlement of bonds from money stream from working actions to money stream from financing actions.
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The annual report and full 12 months outcomes of Azerion Holding B.V. cowl the interval from 1 January 2021 to 31 December 2021 and due to this fact relate to a interval previous to the completion of the enterprise mixture between EFIC1 and Azerion Holding B.V. on 1 February 2022. The annual report and full 12 months outcomes 2021 for Azerion Holding B.V. do due to this fact not comprise any accounts or outcomes of Azerion Group N.V. for 2021. The 2021 annual report and audited monetary outcomes for the total 12 months 2021 of Azerion Group N.V., previously generally known as EFIC1, may be discovered at azerion.com/buyers.
Contacts
Investor Relations
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Media
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Disclaimer
This can be a joint press launch from Azerion Group N.V. and Azerion Holding B.V. This communication could include info that qualifies as inside info inside the that means of Article 7(1) of the EU Market Abuse Regulation.
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The annual reviews for the 12 months 2021 for Azerion Holding B.V. and Azerion Group N.V. referenced on this press launch could embody ahead trying statements. All statements aside from statements of historic info could also be ahead trying statements. Phrases and expressions resembling believes, estimates, plans, tasks, anticipates, expects, intends, could, will, ought to or different comparable phrases or expressions are sometimes used to determine forward-looking statements. Ahead-looking statements are topic to dangers, uncertainties and different components which are troublesome to foretell and which will trigger the precise outcomes of Azerion to vary materially from future outcomes expressed or implied by such forward-looking statements. Any forward-looking statements mirror Azerion’s present views and assumptions based mostly on info presently accessible to Azerion’s administration. Ahead trying statements communicate solely as of the date they’re made, and Azerion doesn’t assume any obligation to replace such statements, besides as required by regulation.
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