NAVSTONE SE: Outstanding repayment of project financing leads to impairment of around EUR 1.5 million in 2023

Eindhoven (pta038/15.05.2024/17:21) - The Management Board of NAVSTONE SE (ISIN NL0009538008 / WKN A1CUJD) informs, that the project financing has only been partially repaid to date.

For this reason, the Management Board and the Supervisory Board have decided to recognize an impairment loss on the loan by an amount of EUR 1.5 million. The total loan receivable as of December 31, 2023, which amounts to around EUR 2.1 million will be impaired to an amount of approximately EUR 0.6 million.

Even though the company's operating result was positive, the net result in 2023 will be significantly negative due to the extraordinary value adjustment.

For further questions, please contact our Investor Relations team directly:

NAVSTONE SE
Investor Relations
t.: +49 89-30659216
contact@navstone.eu

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