Berlin, 19.09.2023 The Fast Finance 24 Holding AG (ISIN: DE000A1PG508) announces its extraordinarily positive half-year figures for 2023 and is pleased to report on the current development of the holding structure.
Financial highlights for the 1st half of 2023
Revenues: Revenues increased to EUR 16 million, which corresponds to a remarkable increase of more than 3000% compared to the same period last year (previous year: EUR 509 thousand).
Net profit for the year: Net profit increased by more than 1400% from EUR 204 thousand in the previous year to EUR 3.4 million in the current fiscal year.
Shareholders’ equity: The company’s equity increased from EUR 39 million in the previous year to EUR 68 million in the current reporting period.
Fixed Assets: Fixed assets increased by 320% from EUR 19 million in the previous year to EUR 61 million in the current year.
The half-year balance 2023 impressively demonstrates the continued growth and financial stability of Fast Finance 24 Holding AG. The management believes that all conditions are in place to continue the growth trajectory in the second half of the year.
The further development and diversification of the portfolio of Fast Finance 24 Holding AG was continuously advanced. With the newly acquired companies Townboxx and Digisell, further future- and growth-oriented business areas were filled and the strategic orientation was further consolidated.
Together with Roland Prejawa, FastFinance 24 Holding AG has founded Townboxx, a company that revolutionizes temporary living in mobile, environmentally friendly tiny houses.
The company Digisell enables retailers and companies to build, operate and control their business on all relevant digital channels.
The subsidiary Fast Finance Pay Corp. made a significant contribution to this excellent result, which also presented convincing figures for the first half of 2023. Fast Finance Pay Corp. has also expanded its portfolio with DigiClerk, which uses state-of-the-art AI to provide centralized and efficient document processing in the US.
Sören Jensen, Chairman of Fast Finance 24 Holding AG, emphasized: “The half-year results 2023 reflect our continued commitment to building a digital ecosystem. In particular, we are at the forefront with DigiClerk and Digisell, which are based on AI technology. Townboxx will help solve one of the most pressing problems in urban structures. We are pleased to be able to demonstrate the strength of our strategy with this extremely positive half-year report.”
Fast Finance 24 Holding AG, Uhlandstr. 165, 10719 Berlin, T. +49 (0)30 – 7262 1234-4, F. +49 (0)30 – 7262 1234-1, E-Mail: [email protected], www.fastfinance24.com/de/
Fast Finance 24 Holding AG is a listed investment company focusing on European Internet companies with a global orientation. Target segments are finance, marketing, communication and IT. Fast Finance 24 Holding AG is constantly looking for additions to its existing portfolio, either through new investments or through the development of new business areas to be operated by its own subsidiaries. The FF24 share is listed on the Regulated Unofficial Market of the Frankfurt Stock Exchange under ISIN DE000A1PG508 and is traded on the following stock exchanges Frankfurt, Xetra, Berlin, Munich, Tradegate.