Second quarter of 2023 (compared with the second quarter of 2022)

  • The Group’s income decreased by 32% to 37 215 TSEK (54 598)
  • EBITDA amounted to -5 532 TSEK (552)
  • Earning per share -0.79 SEK (-0,35)
  • Financial assets decreased to 67 977 TSEK from 133 002 TSEK in Q1 2023
  • Financial assets per share 0,60 SEK
  • NAV decreased 206 597 TSEK from 327 985 TSEK in Q1 2023 
  • NAV per share 1,83 SEK

First half-year 2023 (compared with the first half-year of 2022)

  • The Group’s income decreased by 29% to 82 730 TSEK (117 186)
  • EBITDA amounted to -18 795 TSEK (-11 462)
  • Earning per share -1,08 SEK (-0,61)

“The second quarter of the year has been characterized by intensive work on integrating and commercializing our vision of becoming a leading company in applied AI in both the parent company and the company's long-term investment objects, as well as reducing indebtedness in the group. The direct consequence of this is that we have divested 8 companies since Q1 and are in negotiations for further divestments. Net sales during the second quarter amounted to SEK 24 million (47), which is a decrease of 49 percent. The change is primarily driven by the sale of the consulting business Axakon Consulting and the winding down of the operations in EPTI Factory. During the second quarter, we have written down SEK 59 million of holdings that we consider difficult to value in the current market climate.” Extract from CEO Arli Mujkic's commentary to the Interim Report

For further information, please contact:
Arli Mujkic, CEO, EPTI AB
E-mail: arli@epti.com
Phone: +49 176 626 999 64

About EPTI
EPTI is an investment company focusing on artificial intelligence (AI). The company has a deep understanding of the latest AI technologies and actively guides its portfolio companies with implementation and development of AI-based services. The headquarters is located in Stockholm. EPTI's shares are listed on Nasdaq First North Growth Market and admitted to trading on Börse Frankfurt Open Market.

For more information, see EPTI’s website www.epti.com

The Company’s Certified Adviser is Eminova Fondkommission AB | +46 (0)8-684 211 00 | info@eminova.se

This information is information that EPTI AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-08-31 08:15 CEST.

Attachments

EPTI AB (publ) Interim Report Q2 2023 (ENG)

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