MIG S A : ANNOUNCEMENT - Key financial figures of the 1st quarter 2024

ANNOUNCEMENT

Key financial figures of the 1st quarter 2024

• Significant improvement in the Group's EBITDA amounting to a profit of € 240k compared to losses of € 370k in the corresponding quarter of 2023.
• Significant reduction in losses to € 155k compared to € 21.8m in the corresponding quarter of 2023. The results of the 1st quarter of 2023 had been negatively impacted by an amount of € 20.7m, of which € 14.2m was related to the operating result of the discontinued operation and € 6.5m to the financial cost of the Company's loan obligations.
• Equity portfolio return of 9.8% and fixed income portfolio return of 3.4% for the 1st quarter of 2024.
• Profits frοm Company's portfolio management amounted to € 488k compared to € 95k in the corresponding period of 2023.
• Equity attributable to Owners of the Parent company amounted to € 121.7m.
• The Company has zero leverage.
• Cash and cash equivalents of the Company amounted to € 9.2m.
• Group's turnover amounted to €2.1m compared to €1.8m in the comparative period of 2023, recording an increase of 13%.
• The subsidiary company RKB achieved a significant improvement across all financial figures in the 1st quarter of 2024, i.e. an 11% increase in sales, a 15% increase in gross profit, a 15% increase in EBITDA, an improvement of 1 percentage point in gross profit margin and profit before tax of € 48k compared to losses of € 52k in the 1st quarter of 2023.

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Summary of key financial results(1)

	GROUP			01.01‐			01.01‐			Change
	(consolidated in € k)			31.03.2024			31.03.2023
	Sales	2,085		1,844		13%
	Gross profit	1,170		991		18%
	EBITDA	240		(370)	-
	EBIT	169		(441)	-
	Losses for the period from continuing	(155)	(7,688)	-
	operations
	Losses for the period from discontinued	0		(14,146)	-
	operations
	(1) The above‐mentioned financial figures are unaudited.

Key figures of financial position(2)

	GROUP		31.03.2024		31.12.2023
	(consolidated in € k)
	Total assets	219,802	220,194
	Total liabilities	98,092	98,329
	Total equity	121,710	121,865

(2) The above‐mentioned financial figures are unaudited.

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