Ad Hoc | Disclosure of inside information according to Article 17 of Regulation (EU) No 596/2014

:be AG: Termination of the listing on the Vienna MTF

:be AG (the "company") announces that the management board, with the approval of the supervisory board, has decided today to terminate the inclusion of the company’s shares (ISIN: AT0000A2SGH0) in the Vienna MTF of the Vienna Stock Exchange (market segment: direct market), with immediate effect (delisting). The corresponding termination letter is expected to be submitted to the Vienna Stock Exchange tomorrow. The notice period is one month, meaning the last trading day on the Vienna MTF is expected to be 22 April 2025 (the official notification of the delisting by the Vienna Stock Exchange AG will prevail).

Since this is a significant measure for the shareholders of the company, the management board has decided, in accordance with § 103 (2) of the Austrian Stock Corporation Act (AktG), to submit the management board resolution (with the approval of the supervisory board) for approval by the annual general meeting.

The invitation to the extraordinary general meeting, in which shareholders will be asked to approve the management board resolution (with the approval of the supervisory board), will be published in the coming days. The extraordinary general meeting is scheduled to take place on 16 April 2025 (the date of publication via the Federal Electronic Announcement and Information Platform is decisive).

The decision to delist was made against the backdrop that the company has not raised capital through the stock market since its listing in 2021 and that the trading volume of the shares in the direct market segment has remained low. Significant price fluctuations with low trading volumes and the large spread have made it impossible for the company to convince institutional investors to invest in the :be share.

The considerable administrative and financial burden associated with the listing, due to the regulations that are becoming increasingly stricter, is, in the company’s view, not proportional to the benefits. For this reason, the company has also decided to proceed with the delisting.

Contact
:be AG
Stefan Ruedl
Management Board / CFO
Millennium Park 20, 6890 Lustenau, Austria
www.be-ag.eu

Ad Hoc | Disclosure of inside information according to Article 17 of Regulation (EU) No 596/2014

:be AG conducts negotiations on the acquisition of a German planning company

The Management Board of :be AG (ISIN: AT0000A2SGH0) is currently conducting negotiations with the aim of acquiring 100% of the shares in a German planning company. The acquisition of the company would have a significant impact on the :be Group's net assets, financial position and results of operations. Compared to :be's consolidated operating performance of EUR 45.1 million in the 2023 financial year, the target company generated a total operating performance of around EUR 7 million in the same period.

Contact
:be AG
Stefan Ruedl
Management Board / CFO
Millennium Park 20, 6890 Lustenau, Austria

www.be-ag.eu

Ad hoc announcement | Publication of an inside information acc. to Article 17 of Regulation (EU) No 596/2014

Preliminary consolidated results for 2023

The current financial statements for the 2023 financial year of :be AG (ISIN: AT0000A2SGH0) provisionally show an operating performance (comprising revenue, other operating income and the result from investment property) of EUR 45,083 thousand (2022: EUR 42,558 thousand), an operating result (earnings before taxes, EBT) of EUR 2,422 thousand (2022: EUR 5,064 thousand) and a consolidated net profit for the year of EUR 1,529 thousand (2022: EUR 3,713 thousand) at Group level.

When the forecast was last updated on 14 May 2024, the Executive Board had not yet been able to narrow down the operating result due to several extraordinary effects. This was primarily due to the negative industry environment (project-related provisions totalling EUR 1,770 thousand) and one-off effects resulting from the streamlining of the investment structure (totalling EUR 380 thousand).  

Contact

:be AG
Stefan Ruedl
Management Board / CFO
Millennium Park 20, 6890 Lustenau, Austria

www.be-ag.eu

Publication of inside information in accordance with Article 17 of Regulation (EU) No 596/2014
Informal translation without notarization

Preliminary consolidated figures 2023

As part of the ongoing preparation of the financial statements for the 2023 financial year of :be AG (ISIN: AT0000A2SGH0), there are deviations from the forecast figures at Group level last reported in an ad hoc announcement on December 11, 2023.

Although the operating performance (comprising revenue, other operating income and the result from investment property) is therefore around EUR 1.5 million higher and is expected to reach EUR 45.1 million (last reported: EUR 43.6 million; 2022: EUR 42.6 million) in connection with adjusted accruals, the earnings figures remain below expectations. Operating earnings (earnings before taxes, EBT) will fall well short of the most recently reported figure of EUR 3.6 million (2022: EUR 5.1 million). The Executive Board is not yet able to provide a concrete, reliable figure for the operating result as the financial statements include several extraordinary effects, the overall impact of which is still uncertain. The deterioration in earnings is due to necessary project-related provisions and various bad debt allowances across several companies in the :be Group.

Contact

:be AG
Stefan Ruedl
Management Board / CFO
Millennium Park 20, 6890 Lustenau, Austria

www.be-ag.eu

Ad-hoc announcement | Publication of Insider Information pursuant to Article 17 of Regulation (EU) No. 596/2014

Board of Directors Adjusts 2023 Annual Forecast

In light of project shifts, delays, and lower-than-expected participation income in the current challenging economic environment, the Board of Directors of :be AG (ISIN: AT0000A2SGH0) must adjust the earnings forecast for the ongoing fiscal year 2023. Previously, the Board had anticipated an increase in both the operating performance (composed of revenues, other operating income, and income from financial investments in properties) based on won competitions and a high order backlog, as well as the consolidated annual result of the :be Group compared to the previous year 2022.

As expected, the operating performance is projected to exceed the previous year's level with approximately EUR 43.6 million (2022: EUR 42.6 million). However, the consolidated annual result (2022: EUR 3.71 million) is expected to fall below the previous year's value. Currently, the Board anticipates an operating result (earnings before taxes, EBT) of approximately EUR 3.6 million for 2023 (2022: EUR 5.1 million; including a special effect of approximately EUR 0.9 million from IAS 40, property valuation).

Despite a consistently strong order situation, :be AG is suffering from the challenging conditions in the overall real estate market, marked by rising interest rates, increased construction and energy prices, and faced with delays and shifts in project execution. Short-term project delays could not be offset promptly through cost reductions. Additionally, there are precautionary provisions for damage cases related to a larger project and occasional adjustments for receivables. The growth strategy pursued by :be AG, realized through startups and corporate acquisitions, has indeed led to corresponding earnings contributions as planned. However, these contributions fell short of expectations against the backdrop of the dimmed economic environment.

Contact
:be AG
Stefan Ruedl

Management Board / CFO
Millennium Park 20, 6890 Lustenau, Austria

www.be-ag.eu