New Risk • Oct 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Board Change • Nov 21
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Honorary President Umberto Bertele was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 23
First half 2022 earnings released: EPS: €0 (vs €0.074 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €25.9m (up 53% from 1H 2021). Net income: €1.46m (up 6.9% from 1H 2021). Profit margin: 5.6% (down from 8.1% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Media industry in Germany. Board Change • Apr 28
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Honorary President Umberto Bertele was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 31
Full year 2021 earnings released Full year 2021 results: Revenue: €36.0m (up 30% from FY 2020). Net income: €1.80m (up 69% from FY 2020). Profit margin: 5.0% (up from 3.9% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 33%, compared to a 8.3% growth forecast for the industry in Germany. Board Change • Mar 19
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Honorary President Umberto Bertele was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.