EQS-Adhoc: Endor AG: Reduction of the preliminary reported figures 2022

EQS-Ad-hoc: Endor AG / Key word(s): Preliminary Results
Endor AG: Reduction of the preliminary reported figures 2022

12-May-2023 / 18:58 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Explanatory notes to this announcement:

The need for revision is triggered by a necessary adjustment entry at the US subsidiary of Endor AG in connection with tax entries made there in 2022. The taxes were correctly paid but not correctly recorded in the accounts. This now leads to an adjustment at revenue and earnings level. The adjustments are non-cash. Furthermore, in consultation with the auditor, a value adjustment is made to inventories. András Semsey, CFO of Endor AG: 'The extremely tense situation in the global supply chains, which even resulted in delivery failures at Endor in the meantime, led to inventories that did not meet demand in certain areas. We are now adjusting these excessively high inventories in line with the principle of prudence, also in order to be able to look to the future completely unencumbered here.'

Note: Endor AG will hold an investors' call after final assessment of the new facts that have arisen probably in the week from 22 to 26 May 2023. A separate invitation will be issued in due course.

Contact:

Endor AG, Investor Relations, Phone: +49(0)871-9221 222, E-Mail: ir@endor.ag
Press and investor enquiries:
Vera Müller/Frank Ostermair, Better Orange IR & HV, Phone: +49(0)89-8896906 17,
E-Mail: ir@endor.ag

12-May-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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