Public disclosure of inside information according to article 17 MAR

Altech Advanced Materials AG: Preliminary half-year results as of 30.06.2023

Heidelberg (pta/18.07.2023/16:00 UTC+2)

Altech Advanced Materials AG (FRA: AMA1) has closed its first half of the 2023 financial year (01.01.- 30.06.2023) with an expected half-year loss (individual financial statements in accordance with HGB) of around -992k EUR (comparative period: around -390k EUR).

The preliminary half-year result includes personnel expenses of around 167k EUR (comparison period: 94k EUR) and other operating expenses of around EUR 765,000 (comparison period: around 226k EUR). The financial result was around -83k EUR (comparison period: around -73k EUR).

The other operating expenses mainly consist of the expense for the formation of a provision for impending losses, which had to be formed in the amount of approximately 518k EUR due to the strong increase in the price of the shares of Altech Advanced Materials AG to EUR 14.20 per share as of 30 June 2023. The provision for contingent losses serves to service the options issued in the last financial year as part of the convertible bond issue, for which a cash settlement is planned. Furthermore, other operating expenses include costs for capital market listing and communication (97k EUR), legal and consulting costs (51k EUR), Supervisory Board remuneration (43k EUR) and financial statement/audit costs (14k EUR).

The preliminary balance sheet as of 30 June 2023 in accordance with the German Commercial Code (HGB) shows equity of approximately 2,886k EUR (31 December 2022: 3,004k EUR).

In the forecast report of the last annual financial statement for the year 2023, the Executive Board assumed a loss of around 700k to 900k EUR. Due to the high expenses for the formation of the provision for impending losses explained above, the Executive Board now assumes a net loss for the 2023 financial year of around 1,200k to 1,600k EUR, with an otherwise unchanged cost structure compared to the forecast in the 2022 annual financial statements.

The aforementioned preliminary result is based on the preliminary assessment of the past first half of the financial year 2023 made by the Executive Board on 18 July 2023. The figures stated in this announcement are subject to the final preparation of the half-year financial statements.

The Board of Directors

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Emitter:	Altech Advanced Materials AG Ziegelhäuser Landstraße 3 69120 Heidelberg Germany
Contact Person:	Hansjörg Plaggemars
Phone:	+49 6221 64924-82
E-Mail:	info@altechadvancedmaterials.com
Website:	www.altechadvancedmaterials.com
ISIN(s):	DE000A31C3Y4 (Share) (Share)
Stock Exchange(s):	Regulated Market in Frankfurt

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