Veganz Group AG: Significant loss reduction in 2024 thanks to cost savings & €6.26 m claim activation. Further 30% reduction of costs.

Ludwigsfelde (pta009/02.04.2025/07:45 UTC+2)

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Veganz Group AG: Significant loss reduction in 2024 thanks to cost savings & €6.26 m claim activation. Further 30% reduction of costs.

2 April 2025 - Veganz Group AG (WKN: A3E5ED / symbol: VEZ) expects a significant reduction in losses for the 2024 financial year compared to 2023 and a preliminary EBITDA of minus EUR 2.3 million (previous year: minus EUR -6.2 million).

Following an extensive legal review of the contracts and subscription certificates for the announcement published on 7 September 2023 regarding a capital increase of EUR 6.26 million by VeGreat LLC, Veganz Group AG has now activated this claim and will initiate all legal measures to receive payment of this sum. To this end, the involvement of an international litigation financier is being examined.

The portfolio optimisation measures consistently implemented since 2023 to increase profitability have led to a decline in sales in the old core business, particularly due to investment expenditure and liquidity restructuring with a focus on the construction and expansion of the new production facilities for the high-margin Mililk- and peas-on-earth products.

The significant increase in market demand in the previous core business could therefore not be met, meaning that orders totaling EUR 7.0 million had to be cancelled. As a result, sales in the 2024 financial year fell to EUR 10.8 million (previous year: EUR 16.3 million). Thanks to the timely implementation of cost-cutting measures, it was possible to compensate for a large part of the losses derived from the loss of revenue.

In order to reach the break-even point quickly, the Executive Board has decided on a further programme to significantly reduce costs. The measures adopted will successively reduce all structural costs throughout the company by 30 per cent.

Despite the recruitment of new employees in the areas of production and research and development, the Executive Board expects the optimised target cost structure to take full effect as early as the fourth quarter of 2025.

The audited annual financial statements for 2024 will be published on 13 May 2025.

Explanations of the alternative financial indicators used:

EBITDA is earnings before interest, taxes, depreciation and amortisation. To calculate EBITDA, sales revenue and other operating income are first added together. The cost of materials (consisting of expenses for raw materials, consumables and supplies and for purchased goods), personnel expenses (consisting of wages and salaries as well as social security contributions, expenses for pensions and support) and other operating expenses (adjusted for one-off expenses that are not part of the normal course of business) are then deducted.

Contact Company:

Veganz Group AG
An den Kiefern 7
14974 Ludwigsfelde
Phone: +49 (0)30 2936378 0
E-mail: info@veganz.de

Contact Investor Relations:
Massimo Garau (Chief Financial Officer, CFO)
Phone: +49 (0)151 46569362
E-mail: ir@veganz.de

IMPORTANT NOTICE

This publication may not be released, published, distributed, disseminated or transmitted in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia), Australia, Canada, Japan, South Africa or any other jurisdiction in which such release, publication, distribution dissemination, or transmission would be unlawful. This publication constitutes neither an offer to sell nor a solicitation to buy shares or other securities of Veganz Group AG. There will be no public offering of shares or other securities of Veganz Group AG. The shares of Veganz Group AG have not been and will not be registered under the U.S. Securities Act of 1933, as amended.

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Emitter:	Veganz Group AG An den Kiefern 7 14974 Ludwigsfelde Germany
Contact Person:	Massimo Garau
Phone:	+49 30 2936378-0
E-Mail:	ir@veganz.de
Website:	www.veganz.de
ISIN(s):	DE000A254NF5 (Bond) DE000A3E5ED2 (Share)
Stock Exchange(s):	Free Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate