exceet Reports Holding Costs and Discontinued Operations for the Nine Months 2022

Reading time ( words)

Currently continued operation business of exceet is only related to the Corporate Business, which comprises the holding companies with its administrative costs. exceet is currently evaluating various strategic options with regard to its future. As of 31 August 2022 exceet divested and deconsolidated Lucom GmbH Elektrokomponenten und Systeme, which was already disclosed as discontinued operations and prior reports.

The continued operating result of exceet represents the holding costs. These costs amount in Q3 2022 to EUR -1.2 million (Q3 2021: EUR -0.6 million) and a total of EUR -2.2 million for the first nine month 2022 (9M 2021: EUR -2.0 million). The increase is related to one-off costs in an amount of EUR 1.0 million related to costs for evaluating new strategic investment opportunities. The financial results comprises administrative costs for the cash deposits in Q3 2022 about EUR -0.1 million (Q3 2021: EUR -0.7 million) and EUR -0.4 million for the entire reporting period (9M 2021: EUR -0.1 million). FX results for Q3 2022 is about EUR 0.5 million (Q3 2021: EUR -0.4 million) and EUR 0.3 million for the first nine month 2022 (9M 2021: EUR 0.1 million).

As of 30 September 2022, the total assets of exceet Group amounted to EUR 119.2 million, compared to EUR 122.5 million as of 31 December 2021.

The non-current assets amounted to EUR 1.2 million (31.12.2021: EUR 0.7 million) and increased by EUR 0.5 million due to additional financial investments in current participation.

Current assets amounted to EUR 117.9 million, compared to EUR 121.8 million at year-end 2021. The decrease of the current assets of EUR 3.9 million reflects the deconsolidation of Lucom GmbH Elektrokomponenten und Systeme.

At the end of the reporting period, exceet Group’s equity amounted, to EUR 117.6 million, against EUR 118.2 million as of 31 December 2021. This represents an equity ratio1) of 98.7% (31.12.2021: 96.5%).


exceet is currently acting without continued operating business.

While GS Swiss PCB AG and exceet Secure Solutions GmbH have been divested in 2021, Lucom GmbH Elektronikkomponenten und Systeme was sold and deconsolidated on 31 August 2022.

Currently the operating result 2022 (EBIT) is dependent on the administrative costs for the holding companies and from costs for evaluating new strategic investment opportunities. 

The continued business currently comprises only the holding companies. For these companies exceet Group plans a loss of about EUR 1.5 million in 2022 without one-time costs related to planned investments and results from divestments.


Suggested Items

An Update on Walt Custer’s EIPC Business Outlook Webinar

10/12/2020 | Pete Starkey, I-Connect007
“We’re not out of trouble yet, but it’s a whole lot better than a couple of months ago.” Walt Custer’s business outlook update, with emphasis on the European electronics industry, attracted a capacity audience to EIPC’s webinar on October 2. Pete Starkey details how it wasn’t all bad news.

Day-to-Day: ZTE and the Potential Impending Trade War Saga

06/14/2018 | Gene Weiner, Weiner International Inc.
Nanya Technology, Taiwan's biggest DRAM chipmaker, will apply for a permit to provide chips to ZTE. The company said it has been notified about restrictions on shipments to ZTE, and that the ban would have limited effect on its operation. The company said on May 9 that it is preparing to apply for a permit to continue shipping chips to ZTE Corp. as export restrictions took a new turn due to a US-China trade spat.

Punching Out! Mid-2017 Report on the State of the N.A. PCB M&A Market

07/26/2017 | Tom Kastner
One of the most popular questions we receive concerns the market for M&A. Here is our take on the current market for PCB shops in North America. In general, the PCB market in North America is not growing, which means that to grow, shops either must take market share from others, or grow through acquisitions.

Copyright © 2022 I-Connect007 | IPC Publishing Group Inc. All rights reserved.