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SEMODU AG
Earnings Release • Sep 30, 2022
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Earnings Release
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National Storage Mechanism | Additional information 
RNS Number : 3906B
Semodu AG
30 September 2022
Semodu AG / Key word(s): Half Year Report/Half Year Results
Semodu AG: Continued growth path after successful listing - First publication of SEMODU AG's half-year financial report as of June 30, 2022.
30.09.2022 / 13:57 CET/CEST
The issuer is solely responsible for the content of this announcement.
· SEMODU AG generates net income of TEUR 40.95 in the first half of 2022.
· Despite global economic distortions, positive share price development since first listing on the Munich Stock Exchange (+46% - reporting date 29 September 2022, 14:01 CET).
· SEMODU AG continues to strive to increase the newly acquired project volume in 2022 compared to 2021.
While the Covid-19 pandemic moved more and more into the background, H1 2022 was increasingly overshadowed by the war in Ukraine. The immediate global impact continued to be prolonged supply shortages, a sharp rise in inflation, lower economic growth in the euro zone and turmoil on the financial markets.
"While rising energy costs are leading to massive inflation, they are also resulting in a preference for ESG-compliant neighbourhood developments as well as new buildings that have self-sufficient energy sources," said Frank Talmon l'Armée, CEO of SEMODU AG, who thus sees the corporate developments as a confirmation of the strategic imperative of sustainability.
Due to SEMODU AG's business activities with a focus on modular construction, there is a fundamental competitive advantage compared to conventional construction, which could have an increased impact in the environment of the increasingly difficult market. In particular, the reduced use of resources, as well as a lower use of personnel in production can probably lead to cost advantages and strengthen the competitive position of SEMODU AG. At present, the projects of SEMODU AG are each in a project phase, which makes it possible to react to the current market developments in a wait-and-see manner.
Risk management continues to be an integral part of the strategy and all business processes for SEMODU AG. Despite adverse market conditions as well as ongoing (inter)national challenges, SEMODU AG is cautiously optimistic about the future.
You can find more information about SEMODU at: https://semodu.com/investor-relations/.
Contact: Benedict Heidbüchel, LL.M.
Head of Investor Relations
SEMODU AG
Phone +49 1590 1798 785
30.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Semodu AG |
| Maximilianstraße 2 | |
| 80539 München | |
| Germany | |
| Internet: | https://semodu.com/ |
| ISIN: | DE000A2GS6H7 |
| WKN: | A2GS6H |
| Listed: | Regulated Unofficial Market in Munich |
| EQS News ID: | 1454143 |
| End of News | EQS News Service |
1454143 30.09.2022 CET/CEST
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