NCTE with successful Annual General Meeting 2024 – shareholders approve all agenda items

NCTE AG held its first Annual General Meeting as a listed company on May 13, 2024 at its site in Oberhaching near Munich. 83.3% of the share capital was represented at the Annual General Meeting. The shareholders approved all items on the agenda with 100% of the votes cast.

Review of record year 2023

Together, we looked back on a successful financial year 2023. This year, NCTE AG achieved record sales of EUR 6.0 million and the best result in the last five years with a net profit of EUR 80 thousand. In October 2023, the company reached an important milestone in its long-term growth strategy with its IPO.

Forecast for 2024 confirmed

To this end, the Management Board provided an overview of developments to date in 2024 and expectations for the year as a whole. The Management Board confirmed the forecast with sales of between EUR 6.0 million and EUR 8.0 million and EBITDA between a slightly positive result at the lower end of the range and EUR 1.0 million at the upper end of the range.

“Our first Annual General Meeting as a listed company represents another important step in our development on the capital market. The exchange with our shareholders is very important to us and we are grateful for the trust they place in our strategy,” says Jürgen Uebbing, CEO of NCTE AG.

Further information and documents on the Annual General Meeting of NCTE AG can be found on the Investor Relations website https://ncte.com/ir/.