EQS-Adhoc: Allane SE: Non-application of cost recognition of impairments due to residual and fair value differences

Pullach, August 23, 2024 – After an extensive analysis, the Board of Directors of Allane SE has decided to postpone for the time being the adjustment of the accounting methodology to the accounting standards of the parent company communicated on August 12, 2024. As a result of this decision, the depreciation will be carried out in accordance with the methods described in the accounting principles in the 2023 Annual Report.

The expected positive effect on profit will not materialize due to the absence of a change in accounting method. The accumulated impairments on leased assets attributable to residual and fair value differences will have a negative impact of EUR 44.0 million on the company’s profit as of June 30, 2024.

Allane SE therefore expects a negative Group EBT of EUR 24.6 million for the first half of 2024. For the whole of 2024, the Board of Directors expects a negative Group EBT between EUR 25 million and EUR 35 million. The forecast for the Group contract portfolio and the consolidated operating revenue as communicated in the 2023 Annual Report remains unchanged.

Contact:
Tobias Kuhlbusch
Investor Relations
Email address: [email protected]
Phone: +49 89 708081351

End of Inside Information

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