EQS News: MWB AG / Key word(s): Annual results/forecast MWB AG confirms dynamic growth course in 2023 and forecasts further growth in 2024 July 16, 2024 / 3:00 p.m. CET/CEST The issuer/publisher is responsible for the content of the announcement. ════════════════════════════════════════ ══════════ ════════════════════════ NOT FOR DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR PART, IN OR INTO THE UNITED STATES, CANADA, A USTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL. OTHER LIMITATIONS MAY APPLY. PLEASE NOTE THE IMPORTANT NOTICES AT THE END OF THIS NOTICE. MWB AG confirms dynamic growth course in 2023 and forecasts further growth in 2024 Munich, July 16, 2024 – MWB AG (“MWB”, “Company” or “Company”) (ISIN: DE000A4032H1 | WKN: A4032H), one of the quality leaders in the trading market for Luxury watches in the DACH region (assessment of the company), confirms the positive business development in 2023 based on the audited annual financial statements. The Munich-based company managed to continue its dynamic growth course. After MWB generated sales of EUR 2.6 million as an intermediary between watch sellers and buyers in the year it was founded in 2021, the following year the range was expanded to include additional products and services, such as ceramic sealing to protect luxury watches and jewelry, authenticity tests, and watch services and processing. As a result, MWB recorded an increase in sales to EUR 5.4 million in 2022. Driven by the trust within the MWB community with over 230,000 followers on social media as well as the general market development, sales were now able to increase significantly again to EUR 10.4 in the 2023 financial year million can be increased. Leon Schelske, CEO of MWB: “Since MWB was founded in 2021, we have been able to roughly double our sales in every financial year. We are very proud of this development and it impressively underlines MWB’s good market positioning and the community’s trust in us. We see MWB as one of the quality leaders in the retail market for luxury watches in the DACH region and as such we want to continue to benefit from the strong market growth forecast for previously worn luxury watches in the future. The IPO in Vienna at the beginning of July 2024 is an important milestone and will enable us to continue our dynamic growth path through targeted investments.” MWB sees growth potential for the coming years in general market growth as well as in the constantly growing network on the buyer and seller side as a result of the strong Social media presence and recommendations from regular customers. In order to make even better use of the opportunities, MWB will continue to advance the development of the business model in the current year 2024. At the beginning of July, for example, a new service for detecting the theft of watches was introduced. This service allows buyers and sellers to verify their watch’s serial number and compare it against a database of over 100,000 watches reported stolen. A certificate issued by MWB confirms the safety of the watch and thus facilitates secure transactions. Given the increasing problem of watch theft, this service offers additional security and confidence when buying or selling a watch. The certificate is easily delivered to customers via email or WhatsApp within one working day. MWB is therefore increasingly committed to prevention, education and insurance regarding watch thefts. For the 2024 financial year, the MWB board of directors therefore expects sales of between EUR 14-16 million. In the medium term, the company’s board of directors plans to further accelerate sales growth and improve profitability – in particular by expanding and optimizing services, further automating processes and through targeted marketing measures – and thus achieve a sales level of between EUR 30 in the next two to four years -50 million to reach. “We are pursuing clearly defined, strategic initiatives for the coming years that are intended to scale our business model,” explains board member Robin Haas. “This includes investments in the digitalization of our core processes, the introduction of a blockchain-based MWB certificate of authenticity as well as an MWB app with AI-based authenticity checks and appreciation, as well as supplier diversification. In addition, we plan to invest in online and traditional advertising to further increase awareness of MWB.” With the development of an innovative ecosystem around the luxury watch, including an all-round care service with a locker, insurance and ceramic sealing as well as our own App, MWB wants to set new standards in the retail market for luxury watches. The audited annual financial statements for the 2023 financial year have been available for download on the company’s website since July 15, 2024. About MWB AG MWB AG (ISIN: DE000A4032H1 | WKN: A4032H) from Munich is, in its own opinion, a quality leader in the retail market for luxury watches in the DACH region. In 2019, the two company founders, watch enthusiasts and current MWB board members Leon Schelske and Robin Haas began uncovering luxury watch counterfeits on social media under the pseudonym “Munich Wristbusters”. To date, they have built a community of over 230,000 followers on social media. Since 2021, MWB has been using the reputation and reach as well as the trust acquired as a “counterfeit detector” for the distribution, purchase and sale as well as trading of genuine, worn or unworn luxury watches. MWB also offers its customers various additional products and services related to luxury watches. These include, for example, search orders for customers in order to locate individual and sometimes rare models and versions of luxury brands on the international market and offer them to the customer within a very short time, additional services such as testing, repairing luxury watches on request or ceramic sealing using a special process. In 2023, MWB generated sales of EUR 10.4 million. In the future, MWB plans to set new standards in the world by developing an innovative ecosystem around luxury watches, including an all-round care service with a locker, insurance, and ceramic sealing as well as its own app market for luxury watches. Contact cometis AG Claudius Krause (1)krause@cometis.de 0611-205855-28 IMPORTANT NOTES The information contained herein does not constitute an offer to sell or a solicitation of an offer to purchase, nor should any sale of the securities mentioned herein be made in a jurisdiction in which such an offer, such solicitation or sale would be unlawful prior to registration, exemption from registration or subsequent qualification under the securities laws of any jurisdiction. The company shares mentioned herein have already been placed. This communication is not for distribution, directly or indirectly, in or within the United States of America (including its territories and possessions, the individual states and the District of Columbia) (“United States”), Australia, Canada, Japan or South Africa or any other Jurisdiction in which distribution or announcement would be unlawful is determined. This communication does not constitute an offer to purchase or a solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan or South Africa or in any other jurisdiction where this would constitute a violation of the laws of such jurisdiction, nor is it part of such an offer or invitation. The securities referred to herein have not been registered under the registration requirements of the US Securities Act of 1933, as amended, and are not intended to be registered. ════════════════════════════════════════ ══════════ ════════════════════════ 07/16/2024 CET/CEST Publication of a corporate news/financial announcement, transmitted by EQS Group AG. www.eqs.com
════════════════════════════════════════ ══════════ ════════════════════════ Language: German Company: MWB AG Karlstr. 36 80333 Munich Germany Email: leonschelske@mwbwatches.de
Internet: www.mwbwatches.de
ISIN: DE000A4032H1 WKN: A4032H Stock exchanges: Vienna Stock Exchange EQS News ID: 1947419 End of message EQS News Service 1947419 July 16, 2024 CET/CEST References Visible links 1. krause@cometis.de