Azerion Holding B.V. and Azerion Group N.V. – Joint Press Release Publication of Azerion Holding B.V. Annual Report and Audited Financial Statements 2021
2022年5月24日 - 3:39AM
Amsterdam, 23 May 2022 – Azerion has
published the annual report and audited financial results for the
full year 2021 of Azerion Holding B.V. (Annual Report). The
Annual Report can be found at azerion.com/investors
Co-CEO Atilla Aytekin said: “Publishing our
Annual Report is an important milestone for Azerion, following our
listing at Euronext Amsterdam earlier in 2022. We look forward to
continuing the engagements with the capital markets on the back of
our Annual Report and our first quarter 2022 results announcement,
planned for the end of May.”
The Annual Report includes updated financial
statements as compared to the preliminary unaudited financial
results full year 2021 published on 28 February 2022. The updates
to the figures are mainly associated with acquisition accounting,
following the completion of the acquisition audits, as well as the
accounting treatment of the business combination with European
FinTech IPO Company 1 (EFIC1) that was completed on 1 February
2022, tax and the refinancing of the Company’s bonds in
2021.
In the income statement, operating profit was
lower by approximately EUR 9.2 million as compared to the
preliminary results 2021, while EBITDA increased by some EUR 1.8
million, mainly driven by higher depreciation and amortisation, as
well as lower gains from currency translation effects. As a result,
the loss after tax for the year was higher by approximately EUR 9.1
million, as compared to the preliminary results 2021.
The balance sheet’s assets increased by
approximately EUR 15.8 million, mainly related to the completion of
purchase price allocation of acquisitions. In addition, there was a
reclassification of EUR 8.8 million associated with share
appreciation rights related to acquisitions, from equity to other
liabilities.
The cash flow statement was updated with
reclassifications totalling some EUR 8.2 million comprising the
pay-out of contingent consideration from cash flow from operating
activities to cash flow from investing activities and the repayment
of borrowings to former owners of acquired companies from cash flow
from financing activities to cash flow from investing activities.
In addition, there was a reclassification of approximately EUR 10.5
million associated with costs of early settlement of bonds from
cash flow from operating activities to cash flow from financing
activities.
The annual report and full year results of
Azerion Holding B.V. cover the period from 1 January 2021 to 31
December 2021 and therefore relate to a period prior to the
completion of the business combination between EFIC1 and Azerion
Holding B.V. on 1 February 2022. The annual report and full year
results 2021 for Azerion Holding B.V. do therefore not comprise any
accounts or results of Azerion Group N.V. for 2021. The 2021 annual
report and audited financial results for the full year 2021 of
Azerion Group N.V., formerly known as EFIC1, can be found at
azerion.com/investors.
Contacts
Investor Relationsir@azerion.com
Mediapress@azerion.com
Disclaimer
This is a joint press release from Azerion Group
N.V. and Azerion Holding B.V. This communication may contain
information that qualifies as inside information within the meaning
of Article 7(1) of the EU Market Abuse Regulation.
The annual reports for the year 2021 for Azerion
Holding B.V. and Azerion Group N.V. referenced in this press
release may include forward looking statements. All statements
other than statements of historical facts may be forward looking
statements. Words and expressions such as believes, estimates,
plans, projects, anticipates, expects, intends, may, will, should
or other similar words or expressions are typically used to
identify forward-looking statements. Forward-looking statements are
subject to risks, uncertainties and other factors that are
difficult to predict and that may cause the actual results of
Azerion to differ materially from future results expressed or
implied by such forward-looking statements. Any forward-looking
statements reflect Azerion's current views and assumptions based on
information currently available to Azerion's management. Forward
looking statements speak only as of the date they are made, and
Azerion does not assume any obligation to update such statements,
except as required by law.
Azerion Group NV (EU:AZRN)
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Azerion Group NV (EU:AZRN)
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