CALVERT INTERNATIONAL AG
CENTURION INTERNATIONAL WITH ROBUST BUSINESS DEVELOPMENT IN THE FIRST HALF OF 2022 DESPITE VOLATILE GENERAL CONDITIONS
Frankfurt am Main, November 1, 2022 - Centurion International AG ("CIAG"; ISIN DE000A0JK2A8) has published its preliminary, unaudited consolidated interim financial statements for the first half of 2022. Preliminary total consolidated revenue for the first 6 months of FY 2022 was EUR 2.23 million, representing linear annualized consolidated revenue of EUR 4.46 million, an increase in revenue of 9.6 percent compared to the same period in the previous year (FY 2021: EUR 4.07 million). This positive development is attributable to successful transaction advisory services in a volatile but optimistic market environment in the African energy sector.
EBITDA OF 0.33 MN. EUR, ANNUALIZED STRONGER COMPARED TO PREVIOUS YEAR
The overall Group's operating EBITDA was EUR 0.33 million in the first half of 2022. Accordingly, based on current profitability, annualized EBITDA of EUR 0.66 million is expected, which would be 39.8 percent higher than the already good comparative figure for the previous year (2021: EUR 0.472 million). In addition to the increase in sales, developments in performance improvement contributed significantly to the rise in operating profit.
TRANSACTION MOMENTUM IN THE AFRICAN ENERGY SECTOR CONTINUES
In the first half of 2022, Centurion International managed to further increase its business activities despite ongoing challenges in the global energy sector. During the period under review, the company advised several companies on mergers & acquisitions in the West African energy sector. Other key events in 2022 included, on the one hand, the successful listing of Centurion International on the Düsseldorf Stock Exchange in February 2022, and in October 2022, the Company's participation in African Energy Week, a relevant conference series in Cape Town that meets annually and focuses primarily on developments in the African energy industry.
OUTLOOK: FOCUS ON LIQUEFIED NATURAL GAS AND HYDROGEN TRANSACTIONS
With an eye on the macroeconomic upheavals caused by the war in Ukraine, Centurion International is focusing more on brisk business activity in the liquefied natural gas and hydrogen sectors. "Many African countries, such as Nigeria, Equatorial Guinea and Senegal, have abundant natural gas resources and some already have LNG infrastructure," says NJ Martin Ayuk, CEO of Centurion International. "Germany has a great interest in securing energy supply also via LNG from Africa. Our company has positioned itself more strongly in this market segment in 2022."
For the second half of 2022, the Centurion International Group expects a continued solid transaction environment in the European-African energy sector. "The expansion of the hydrogen strategy of the German government, is an important milestone for the African energy sector. The trade of hydrogen holds enormous economic potential, and we see ourselves as an important strategic partner to help drive this forward," said Ayuk.
ABOUT CIAG.
CIAG is a pan-African consulting group headquartered in Frankfurt am Main, Germany, and listed on the Düsseldorf Stock Exchange. CIAG currently operates as the management holding company of its subsidiaries in South Africa and Mauritius, providing mainly growth capital, management services and strategic advice to its subsidiaries. CIAG provides comprehensive professional services, in particular legal advice in all African jurisdictions around market entry and pan-African expansion strategies for private and public sector companies, with a focus on the African energy sector.
www.centurion-international.de
Contact for investor relations and press inquiries:
Centurion International AG Jessica Stang, Investor Relations Opernplatz 14, 60313 Frankfurt am Main, Germany T: +49 69 1532944 42 ir@centurion-international.de End of Media Release Issuer: Centurion International AG Key word(s): Energy
01.11.2022 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Centurion International AG |
| Opernplatz 14 | |
| 60313 Frankfurt | |
| Germany | |
| E-mail: | INFO@CENTURION-INTERNATIONAL.DE |
| Internet: | centurion-international.de |
| ISIN: | DE000A2YN5X9 |
| WKN: | A2YN5X |
| EQS News ID: | 1476409 |
| Notierung vorgesehen./ Intended to be listed. |
| End of News | EQS Media |
1476409 01.11.2022 CET/CEST
