coinIX GmbH & Co. KGaA
ISIN: DE000A2LQ1G5
WKN: A2LQ1G
26 September 2024 10:06PM

EQS-Adhoc: coinIX GmbH & Co. KGaA : coinIX publishes 2024 half-year financial report | Significant revenue increase compared to the previous year | Realization of hidden reserves now in the second half of 2024

coinIX GmbH & Co. KGaA · ISIN: DE000A2LQ1G5 · EQS - adhoc news
Country: Germany · Primary market: Germany · EQS NID: 1996665

EQS-Ad-hoc: coinIX GmbH & Co. KGaA / Key word(s): Half Year Report/Cryptocurrency / Blockchain
coinIX GmbH & Co. KGaA : coinIX publishes 2024 half-year financial report | Significant revenue increase compared to the previous year | Realization of hidden reserves now in the second half of 2024

26-Sep-2024 / 22:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


The Hamburg-based investment company coinIX GmbH & Co. KGaA has presented its interim financial statement as of June 30, 2024. With a significant increase from EUR 347k in the previous year to EUR 791k, the revenue situation has improved noticeably. Write-downs on existing investments totaling EUR 394k were made, and other operating expenses increased to EUR 665k, compared to EUR 162k in the previous year. The increase is due to the fact that, as a result of the substantial price increases in the cryptocurrencies held by the company in the first quarter of 2024, the conditions for the payment of a variable management fee to the general partner were met. Overall, there is a loss of EUR 260k for the first half of 2024. The half-year financial statement is available on the company's website.

The intrinsic value of the portfolio was determined to be EUR 10.8 million as of June 30, 2024, and it reached a peak of EUR 16 million in the first half of 2024. Compared to the book value of the assets shown on the balance sheet, which amounts to EUR 6.5 million, there are therefore hidden reserves.

The company had initially intended to realize part of these hidden reserves, amounting to more than EUR 5 million, in March 2024 as part of the contribution of liquid cryptocurrencies into a special fund. However, the contribution process was reversed due to an adjustment in valuation and was redone effective August 30, 2024. The re-execution in the second half of the year does not affect the performance or the composition of the company's portfolio. In light of the declining price trend of liquid cryptocurrencies since March 2024, the realization of the hidden reserves will result in a comparatively smaller earnings contribution in the financial statements under German GAAP (HGB). This earnings contribution, which will now be recognized in the second half of 2024, amounts to EUR 1.6 million. Overall, the company continues to expect a positive net profit for the fiscal year 2024.
 


End of Inside Information

26-Sep-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: coinIX GmbH & Co. KGaA
Ludwig-Erhard-Str. 1
20459 Hamburg
Germany
Phone: +49-40-4011555-0
E-mail: mail@coinix.capital
Internet: https://coinix.capital/
ISIN: DE000A2LQ1G5
WKN: A2LQ1G
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich
EQS News ID: 1996665

 
End of Announcement EQS News Service

1996665  26-Sep-2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 0,02 0,01 0,00 0,00 0,58 1,27 0,00
EBITDA1,2 -0,09 -0,23 -0,65 1,69 -0,66 0,81 0,00
EBITDA-Margin3 -450,00 -2.300,00 0,00 0,00 -113,79 63,78 0,00
EBIT1,4 -0,11 -0,23 -0,68 1,69 -1,33 0,12 0,00
EBIT-Margin5 -550,00 -2.300,00 0,00 0,00 -229,31 9,45 0,00
Net Profit (Loss)1 -0,11 -0,23 -0,68 1,82 -1,33 0,04 0,00
Net-Margin6 -550,00 -2.300,00 0,00 0,00 -229,31 3,15 0,00
Cashflow1,7 -0,09 -0,23 -0,65 1,82 -0,43 0,28 0,00
Earnings per share8 -0,11 -0,11 -0,24 0,63 -0,43 0,01 0,03
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: NBS Partners

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
coinIX
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A2LQ1G DE000A2LQ1G5 GmbH & Co. KGaA 7,31 Mio € 03.12.2019 9F5FGXXP+27
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
59,50 6,98 8,52 -44,91 1,17 26,29 5,78
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
09.07.2024 26.08.2024 - 03.04.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-0,83%
2,38 €
ATH 8,90 €
+21,68% +19,00% +11,22% +14,42% +138,00%

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