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Corestate Capital Holding S.A.: CORESTATE with audited financial statements for 2021

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Corestate Capital Holding S.A. / Key word(s): Annual Report/Annual Results
Corestate Capital Holding S.A.: CORESTATE with audited financial statements for 2021

20-Apr-2022 / 19:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Frankfurt, 20 April 2022 - Corestate Capital Holding S.A. (Corestate) today announces the final and audited results for the financial year 2021. The auditor Ernst & Young has concluded all its advanced audit procedures.

The aggregated revenues and gains reported on 8 March 2022 with regard to continued operations remains unchanged at € 215.4m. In relation to valuations, the Management Board has established additional risk provisions and carried out value adjustments in coordination with the auditor. As part of this, the goodwill of Helvetic Financial Services (HFS) was impaired by a total of € 175m to € 345m. In addition, risk provisions totaling € 46m were recognized as an expense, in particular for current balance sheet items with critical maturities. This subsequently led to deviations from the preliminary results for 2021 published at the beginning of March: adjusted EBITDA now amounts to € 43.8m. The reported EBITDA from continued business activities comes to € 26.4m. Adjusted net profit stands at € 23.7m, reported adjusted net profit from continued activities in 2021 totals to € -192.8m.

The Annual Report 2021 including audited consolidated financial statements will be publishes on 21 April 2021.

Notifying person:
Dr. Kai Klinger
T: +49 69 3535630-107 / M: +49 152 22755400
ir@corestate-capital.com

20-Apr-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Corestate Capital Holding S.A.

4, Rue Jean Monnet

L-2180 Luxembourg

Luxemburg

Phone:

+49 69 3535630-107

Fax:

+49 69 3535630-299

E-mail:

IR@corestate-capital.com

Internet:

www.corestate-capital.com

ISIN:

LU1296758029

WKN:

A141J3

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1331383


 

End of Announcement

DGAP News Service

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