OTI Greentech AG (WKN A2TSL2), an international provider of innovative and sustainable chemicals and services for industrial applications listed on the stock exchange, published the annual report for fiscal year 2021. The final figures are in line with the preliminary figures published on May 24, 2022. The audited consolidated figures show earnings before interest, taxes, depreciation and amortization (EBITDA) of € -289 thousand (previous year: € -88 thousand) and sales of € 6.42 million (previous year: € 4.25 million). In this context, KMI Cleaning Solutions, LLC., which was acquired in 2021, was included in the consolidated financial statements as of the 4th quarter of 2021. As a result of the acquisition, OTI Greentech AG’s total assets increased to € 12.2 million at the end of 2021, up from € 5.5 million a year earlier. The equity ratio at the end of 2021 was 40.3 percent the operating cash flow from operating activities € 226 thousand. For 2022, OTI Greentech AG expects EBITDA of around € 0.7 million on sales of € 16.6 million due to the full consolidation of KMI.
The 2021 annual report can be downloaded from www.oti.ag under Investor Relations (available in German).
Berlin, 21st September 2022