EQS-Ad-hoc: :be AG / Key word(s): Change in forecast :be AG: Management board adjusts annual forecast for 2023 12/11/2023 / 1:52 p.m. CET/CEST Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/ 2014, transmitted by EQS News – a service of EQS Group AG. The issuer/publisher is responsible for the content of the message. ════════════════════════════════════════ ══════════ ════════════════════════ AD-HOC NOTIFICATION Publication of insider information in accordance with Article 17 of Regulation (EU) No. 596/2014 Executive Board adjusts annual forecast for 2023 Lustenau, December 11, 2023 The management board of :be AG (ISIN: AT0000A2SGH0) has to adjust the earnings forecast for the current 2023 financial year in view of postponements or delays of projects as well as investment income that has fallen short of expectations in the currently difficult macroeconomic environment. Previously, the Management Board had assumed that both the operating performance (composed of sales revenue, other operating income and the result from investment properties) on the basis of won competitions and a high order backlog, as well as the :be Group’s consolidated annual result, would increase compared to the previous year in 2022 can. As expected, operating performance is expected to exceed the previous year’s level at EUR 43.6 million (2022: EUR 42.6 million). However, the consolidated annual result (2022: EUR 3.71 million) is seen as below the previous year’s value. The Executive Board currently only expects an operating result (earnings before taxes, EBT) of approximately EUR 3.6 million for 2023 (2022: EUR 5.1 million; this included a special effect of approximately EUR 0.9 million. EUR from IAS 40, Valuation of Real Estate). Despite the consistently good order situation, :be AG is also suffering from the difficult general conditions of the overall and real estate industry, characterized by increased interest rates, increased construction and energy prices, and is confronted with delays and postponements in the project process. Short-term project postponements could not be compensated for in a timely manner through cost reductions. In addition, there are precautionary provisions for claims in connection with a larger project and, in individual cases, value adjustments for receivables. The growth strategy pursued by :be AG, implemented through new start-ups and company acquisitions, led to corresponding earnings contributions as planned, but these fell short of expectations given the gloomy economic environment. Contact :be AG Stefan Ruedl Board of Directors / CFO Millennium Park 20, 6890 Lustenau, Austria
www.be-ag.eu
End of the ad hoc announcement End of the inside information ════════════════════════════════════ ════ ══════════════════════════════════ 12/11/2023 CET/CEST Notification transmitted by the EQS Group AG.
www.eqs.com
════════════════════════════════════════ ══════════ ════════════════════════ Language: German Company: :be AG Millennium Park 20 6890 Lustenau Austria Telephone: +43 5577 63051-0 Fax: +43 5577 63051-6890 Email: office@be-lustenau.com
Internet: www.be-ag.eu
ISIN: AT0000A2SGH0 WKN: A3CWWB Stock exchanges: Vienna Stock Exchange (Vienna MTF) EQS News ID: 1794267 End of message EQS News Service 1794267 December 11th, 2023 CET/CEST