Altech Advanced Materials AG: Preliminary half-year results as of 30.06.2022

Loss amounting to more than half of the share capital

Heidelberg (pta024/08.07.2022/18:30 UTC+2)

Altech Advanced Materials AG (FRA: AMA1) has closed its first half of the financial year 2022 (01.01.-30.06.2022) with an expected net loss for the year (individual financial statements in accordance with the German Commercial Code) of around 399 TEUR (comparative period: around -477 TEUR).

The preliminary result for the year includes personnel expenses of approximately 94 TEUR (comparison period: 96 TEUR) and other operating expenses of approximately 226 TEUR (comparison period: approximately 307 TEUR). The financial result was around -73 TEUR (comparison period: around -73 TEUR).

Other operating expenses consist mainly of costs for capital market quotation and communication (89 TEUR), costs related to one of the members of the Management Board (60 TEUR), Supervisory Board remuneration (44 TEUR) and bookkeeping / audit costs (16 TEUR).

The preliminary balance sheet as of 30 June 2022 according to the German Commercial Code (HGB) shows equity of around 2,773 TEUR (31 December 2021: EUR 3,163 TEUR). This means that more than half of the company's share capital of 5,560 TEUR has been used up. The company will convene a general meeting in the near future.

In the forecast report of the last annual financial statement for 2022, the Executive Board assumed a loss of around 900 to 1,100 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 2022 financial year made by the Executive Board on 8 July 2022. 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):	DE000A2LQUJ6 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf