SCHMID Group N.V. Class A Ordinary Shares (SHMD)
Filed: 27 Dec 24, 4:01pm
Exhibit 99.1
Appendix:
Statements of Profit or Loss for the half years ended June 30, 2024 and 2023
| in € thousand | Jan 1 – Jun, 30 2024 | Jan 1 – Jun, 30 2023 | ||||||
| Revenue | 29,700 | 40,461 | ||||||
| Cost of sales | (24,054 | ) | (27,880 | ) | ||||
| Gross Profit | 5,646 | 12,581 | ||||||
| Selling | (6,533 | ) | (5,829 | ) | ||||
| General administration | (5,116 | ) | (6,472 | ) | ||||
| Research and development | (3,037 | ) | (3,881 | ) | ||||
| Other income | 10,399 | 11,111 | ||||||
| Other expenses | (71,480 | ) | (621 | ) | ||||
| (Impairment) / Reversal on impairment on financial assets | 7 | 22,599 | ||||||
| Operating profit (loss) | (70,114 | ) | 29,488 | |||||
| Financial result | (3,968 | ) | 10,765 | |||||
| Income (loss) before income tax | (74,082 | ) | 40,253 | |||||
| Income tax benefit (expense) | (850 | ) | (4,082 | ) | ||||
| Net income (loss) for the period | (74,932 | ) | 36,171 | |||||
| in € thousand | Jan 1 - Jun 30 2024 | Jan 1 - Jun 30 2023 | ||||||
| Net income (loss) for the period | (74.932 | ) | 36.171 | |||||
| Taxes | (850 | ) | (4.082 | ) | ||||
| Financial result | (3.968 | ) | 11.822 | |||||
| Amortization and depreciation | (4.511 | ) | (2.912 | ) | ||||
| Business combination related legal, consulting and other costs | (1.084 | ) | (6.000 | ) | ||||
| IFRS 2 charge | (70.623 | ) | 0 | |||||
| Total Adjusted EBITDA | 6.104 | 37.343 | ||||||
In the first half of 2023, the Adjusted EBITDA includes two exit bonus payments of € 9.2 million and a reversal on the impairment of financial assets of € 21.4 million. In the first half of 2024, the Adjusted EBITDA includes income from the initial consolidation of SCHMID Energy Systems GmbH of € 9.1 million.
Assets
| in € thousand | Jun 30, 2024 | Dec 31, 2023 | ||||||
| Intangible assets | 23,725 | 14,966 | ||||||
| Goodwill | 8,298 | 0 | ||||||
| Property, plant and equipment, net | 14,071 | 14,767 | ||||||
| Financial assets | 5,309 | 140 | ||||||
| Deferred tax assets | 2,547 | 2,543 | ||||||
| Non-current assets | 53,950 | 32,416 | ||||||
| Inventories | 16,535 | 16,353 | ||||||
| Trade receivables and other receivables | 36,379 | 47,030 | ||||||
| Other current assets | 3,897 | 5,073 | ||||||
| Cash and cash equivalents | 3,011 | 5,710 | ||||||
| Current assets | 59,822 | 74,166 | ||||||
| Total assets | 113,772 | 106,582 | ||||||
Equity and Liabilities
| in € thousand | Jun 30, 2024 | Dec 31, 2023 | ||||||
| Owners' net investment | 112,476 | 70,606 | ||||||
| Other reserves | (167,303 | ) | (95,806 | ) | ||||
| Equity attributable to owners of the group | (54,827 | ) | (25,200 | ) | ||||
| Non-controlling interest | 654 | 7,359 | ||||||
| Equity | (54,173 | ) | (17,841 | ) | ||||
| Non-current financial liabilities | 22,190 | 22,190 | ||||||
| Other non-current liabilities | 25,354 | 0 | ||||||
| Provisions for pensions | 898 | 894 | ||||||
| Non-current provisions | 332 | 237 | ||||||
| Deferred tax liabilities | 11,104 | 4,388 | ||||||
| Non-current lease liabilities | 8,873 | 9,372 | ||||||
| Non-current liabilities | 68,751 | 37,081 | ||||||
| Current financial liabilities | 29,737 | 26,053 | ||||||
| Current contract liabilities | 20,803 | 17,931 | ||||||
| Trade payables and other financial liabilities | 23,181 | 25,899 | ||||||
| Other current liabilities | 21,880 | 13,113 | ||||||
| Current lease liabilities | 1,530 | 1,515 | ||||||
| Current provisions | 604 | 973 | ||||||
| Income tax liabilities | 1,459 | 1,858 | ||||||
| Current liabilities | 99,194 | 87,342 | ||||||
| Total equity and liabilities | 113,772 | 106,582 | ||||||