New Risk • May 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 5.9% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). Minor Risk Market cap is less than US$100m (€63.0m market cap, or US$73.8m). 공시 • May 11
MHP Hotel AG, Annual General Meeting, Jun 19, 2026 MHP Hotel AG, Annual General Meeting, Jun 19, 2026, at 11:00 W. Europe Standard Time. New Risk • Jun 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 177% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€61.8m market cap, or US$70.9m). Reported Earnings • Jun 15
Full year 2024 earnings released Full year 2024 results: Revenue: €174.7m (up 28% from FY 2023). Net income: €1.42m (up €7.90m from FY 2023). Profit margin: 0.8% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in Germany. New Risk • Jun 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€65.6m market cap, or US$75.8m). Breakeven Date Change • May 07
Forecast breakeven date pushed back to 2025 The 3 analysts covering MHP Hotel previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of €6.10m in 2025. Average annual earnings growth of 74% is required to achieve expected profit on schedule. Breakeven Date Change • Jan 28
Forecast to breakeven in 2025 The 2 analysts covering MHP Hotel expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €5.40m in 2025. Average annual earnings growth of 101% is required to achieve expected profit on schedule. Breakeven Date Change • Dec 16
Forecast to breakeven in 2025 The 2 analysts covering MHP Hotel expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 68% to 2024. The company is expected to make a profit of €1.70m in 2025. Average annual earnings growth of 106% is required to achieve expected profit on schedule. Reported Earnings • Dec 05
First half 2024 earnings released First half 2024 results: Net loss: €5.16m (flat on 1H 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in Germany. New Risk • Nov 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€47.1m market cap, or US$49.0m).