INTERIM ANNOUNCEMENT Q1 2022
ROY Asset Holding SE: Quarterly Statement - 1st Quarter 2022
Klingenberg, 31 May 2022- In the course of the first three months of the financial year 2022, ROY Asset Holding SE generated revenues in the ceramics segment of 1.0 million euros (Q1 2021 1.6 million euros). In the area of real estate activities, the revenues were generated with the sale of a property for 512 thousand euros and rental income of 1 thousand euros.
In the first quarter, a planned loss of 2.9 million euros was realized for the first three months ended 31 March 2022.
Due to the COVID-19 pandemic, the planned sales in the real estate and ceramics activities were affected. As announced on 21 April 2022, the Group's wholly owned subsidiary, namely Klingenberg Dekoramik GmbH, has reached a conclusion on a social plan with the employees. The ceramic production ceased in July 2021, while the sales activities of the ceramic products continue. The Group has placed purchase orders to other manufactures by way of OEM.
Financial position
The fixed assets of ROY Asset Holding SE amounted to 17.0 million euros at the end of the first quarter of 2022 (31 March 2021: 59.4 million euros) . The fixed assets were comprised of the real estate and properties, plant and operating equipment. Current assets of 14.0 million euros were mainly inventories, bank balances and trade receivables (31 March 2021: 11.8 million euros). The Group's equity amounted to 44.0 million euros as at 31 March 2022 (31 March 2021: 64.2 million euros ).
Forecast
Due to the uncertainties caused by the COVID-19 pandemic, it is still not possible to provide a detailed forecast for the 2022 financial year.
Events after the reporting date
No event after the reporting date is noted.
About ROY Asset Holding SE
ROY Asset Holding SE is a property developer with a focus on the fast-growing regions of Los Angeles/California and Houston/Texas, the USA. In the ceramics sector, ROY is the owner of a German brand name "Klingenberg", positioned itself in the high-end market of tiles industry, particularly in the medium to Grade-A commercial properties. ROY Asset Holding SE is also planning to develop its brand name with a wide range of products and explore the retail markets of ceramic products and sanitary equipment in the future.
For further information, please contact:
ROY Asset Holding SE
Alexander-Wiegand-Straße 8 63911 Klingenberg am Main, Germany
Tel.: +49 (0) 9372 131 270 E-mail: [email protected] Or visit: www.royasset.de