Business BRIEF-DDM Provides Business Update

Business BRIEF-DDM Provides Business Update

Business

July 7 (Reuters) – DDM Holding AG:

DDM PROVIDES BUSINESS UPDATE IN CONNECTION TO THE WRITTEN PROCEDURE FOR ITS EUR 50 MILLION SENIOR SECURED BONDS

WE EXPECT COMING QUARTERS TO CONTINUE TO BE CHALLENGING WITH INCREASED VOLATILITY

NET COLLECTIONS DECREASED SIGNIFICANTLY AT BEGINNING OF Q2 BUT IMPROVED GRADUALLY THROUGHOUT QUARTER TO END AT ABOUT EUR 13 MILLION

LOSS BEFORE INCOME TAX WAS ABOUT EUR 1 MILLION FOLLOWING ADJUSTMENTS TO PORTFOLIO VALUE.

ENDED QUARTER WITH ABOUT EUR 26 MILLION OF CASH AVAILABLE. Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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