Altech Advanced Materials AG: Preliminary half-year results as of 30.06.2021

Heidelberg (pta027/14.07.2021/16:00 UTC+2) Altech Advanced Materials AG (FRA: AMA1) has closed its first half of the financial year 2021 (01.01.-30.06.2021) with an expected net loss (financial statements according to HGB) of approximately TEUR 477 (comparative period: approximately TEUR -382).

The preliminary result for the half-year includes personnel expenses of approximately 96 TEUR (comparison period: 75 TEUR) and other operating expenses of approximately 307 TEUR (comparison period: 323 TEUR). The financial result was -73 kEUR (comparison period: -4 kEUR).

Other operating expenses consist mainly of costs for legal advice (EUR 123 thousand), costs related to one of the Executive Board members (EUR 60 thousand), Supervisory Board remuneration (EUR 44 thousand), costs for capital market listing and communication (EUR 41 thousand) and bookkeeping / audit costs of (EUR 20 thousand).

The preliminary balance sheet as of 30 June 2021 according to the German Commercial Code (HGB) will show equity of approximately TEUR 495 (31 December 2020: TEUR 972).

In the forecast report of the last annual financial statement for the year 2021, the Executive Board assumed a loss of around 900 TEUR. The Executive Board maintains this forecast on the basis of the half-year result.

The aforementioned preliminary result is based on the preliminary assessment of the past first half of the 2021 financial year made by the Executive Board on 14 July 2021. The figures stated in this announcement are subject to the final preparation of the half-year financial statements.
The Management Board

Press contact
Ralf Droz, edicto GmbH
Tel: +49 (0) 69 905505-54
E-mail: AltechAdvancedMaterials@edicto.de

(end)

Emitter:	Altech Advanced Materials AG Ziegelhäuser Landstraße 3 69120 Heidelberg Germany
Contact Person:	Hansjörg Plaggemars
Phone:	+49 6221 64924-0
E-Mail:	info@altechadvancedmaterials.com
Website:	www.altechadvancedmaterials.com
ISIN(s):	DE000A2LQUJ6 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf