Fast Finance24 Holding AG: The successful realignment in the first half of 2019 is reflected for the first time in a balanced/slightly positive result and a significantly stronger balance sheet.

10/31/2019 10:00

Frankfurt am Main, 31.10.2019 – Fast Finance24 Holding AG publishes its unaudited results for the first six months of 2019 as at 30.06.2019 (“H1 2019”)

Fast Finance24 Holding AG: The successful realignment in the first half of 2019 is reflected for the first time in a balanced/slightly positive result and a significantly stronger balance sheet.

Fast Finance24 Holding AG publishes its half-year balance sheet for the first half of 2019 as at 30.06.2019.

Following the implementation of the complete takeover of Fast Finance 24 Holding PLC and the successful non-cash capital increase, the restructured  company shows a solid equity figure of EUR 38.78 million (balance sheet 2018: EUR 3.23 million) and liabilities amounting to EUR 635 thousand (balance sheet EUR 2018: 822 thousand) ) .

With sales initially declining, the company is again able to report a positive result for the first time after the losses of the previous year at EUR 6 thousand (balance sheet 2018: EUR 361.8 thousand)

Fast Finance24 Holding AG will realise increasing revenues through the ok.de platform following its takeover and integration on 01.10.2019. Moreover, the company will continue to develop positively with an increase in sales through further activities in the core business area.

Overall, we are thus confident about the future development of the FastFinance24 Holding AG Group.