ParTec AG
ISIN: DE000A3E5A34
WKN: A3E5A3
31 October 2024 05:46PM

EQS-News: ParTec AG publishes 2024 half-year report

ParTec AG · ISIN: DE000A3E5A34 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2020371

EQS-News: ParTec AG / Key word(s): Half Year Report
ParTec AG publishes 2024 half-year report

31.10.2024 / 17:46 CET/CEST
The issuer is solely responsible for the content of this announcement.


ParTec AG publishes 2024 half-year report

Munich, 31 October 2024 – ParTec AG (ISIN: DE000A3E5A34 / WKN: A3E5A3) today published its 2024 half-year report prepared in accordance with German GAAP (HGB - German Commercial Code). According to the consolidated financial statements, the company generated revenue of EUR 5.1 million and earnings before interest and taxes (EBIT) of EUR 3.5 million during the first half of the year. The revenue of EUR 52.1 million and EBIT of EUR 19.4 million reported for the same prior-year period related to the separate financial statements and are therefore only comparable to a limited extent with the financial ratios for the first half of 2024. Compared to the 2023 financial year, the EBIT at Group level improved significantly by around EUR 17 million (FY 2023: EUR -13.3 million). The Group's aggregate operating performance totalled EUR 10.7 million during the first half of 2024.

Regarding the billing-related decline in revenue in the first half of 2024, it should be noted that ParTec was only able to invoice significant services for a few of its major projects during the first six months. This will even out again during the second half of the year. ParTec has a dynamic project business and the current second half of the year is expected to be strong. Consequently, ParTec confirms its expectations for the full year. Among other things, ParTec has signed a memorandum of understanding with the Helmholtz Centre Dresden-Rossendorf (HZDR) for the construction and operation of an AI supercomputer. The order volume is expected to be in the mid three-digit million-euro range. The aim is to create a central point of contact for the development of innovative AI technologies that will advance both the scientific and commercial use of Artificial Intelligence (AI). With a performance of 500 petaflops or about 50 exaflops 8FP, the supercomputer called "ELBJUWEL" will be one of the most powerful AI computers in the world.

The 2024 half-year financial report can be downloaded from the Investor Relations section of the company's website at www.par-tec.com.

About ParTec AG

ParTec AG specializes in the development and manufacture of AI supercomputers based on its modular high-performance computing (HPC) systems and quantum computers (QC) as well as the associated system software ParaStation Modulo and QBridge. The company's range of services also includes consulting and support in all areas of the development, construction and operation of these modern systems. The concept of the dynamic Modular System Architecture (dMSA) is the result of more than ten years of research and was developed by ParTec as a novel system design for massively parallel high-performance computing systems together with Jülich Research Center. The dMSA and the underlying ParaStation Modulo software suite from ParTec have proven especially successful for the complex requirements of massive computing power in artificial intelligence.

ParTec AG

Contact:

press@par-tec.com

phone: +49 151 70 62 70 11 

www.par-tec.com

Investor Relations Manager

edicto GmbH

Dr. Sönke Knop / Doron Kaufmann

partec@edicto.de

phone: +49 69 905 505 51

 

 



31.10.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: ParTec AG
Possartstr. 20
81679 Munich
Germany
E-mail: investor-relations@par-tec.com
Internet: www.par-tec.com
ISIN: DE000A3E5A34
WKN: A3E5A3
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Scale), Munich, Tradegate Exchange
EQS News ID: 2020371

 
End of News EQS News Service

2020371  31.10.2024 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 0,00 0,00 8,98 24,81 36,09 95,68 200,00
EBITDA1,2 0,00 0,00 9,45 21,42 17,59 -13,02 0,00
EBITDA-Margin3 0,00 0,00 105,23 86,34 48,74 -13,61 0,00
EBIT1,4 0,00 0,00 9,42 21,14 17,30 -13,31 0,00
EBIT-Margin5 0,00 0,00 104,90 85,21 47,94 -13,91 0,00
Net Profit (Loss)1 0,00 0,00 8,33 14,27 11,20 -17,45 0,00
Net-Margin6 0,00 0,00 92,76 57,52 31,03 -18,24 0,00
Cashflow1,7 0,00 0,00 8,36 -9,77 8,11 19,19 0,00
Earnings per share8 0,00 0,00 1,04 1,78 1,40 -2,18 3,00
Dividend per share8 0,00 0,00 0,00 0,00 1,25 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: NPP

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
ParTec
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A3E5A3 DE000A3E5A34 AG 564,00 Mio € 03.07.2023 8FWH4JV4+FQ
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
19,86 23,50 0,85 49,23 -150,56 29,39 5,89
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
1,25 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
06.08.2024 21.08.2024 12.06.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-5,37%
70,50 €
ATH 246,00 €
-11,20% -19,13% +30,56% +7,63% -37,33%

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