EV Digital Invest AG Meets Financial Forecast for 2023

EV Digital Invest AG announced its financial performance for the fiscal year 2023, successfully meeting its forecasted targets amid a diversified transformation of its business model. The company, which operates the 'Engel & Völkers Digital Invest' and 'Digital Invest Assets' platforms, reported revenues of EUR 4.5 million, surpassing the analyst's expectations of EUR 4.1 million as well as the upper end of its own forecasted range.

Despite a challenging market environment, EV Digital Invest AG reported an annual result of EUR -3.7 million, slightly better than the anticipated EUR -3.9 million. The company highlights its strategic advancements including the acquisition of a digital asset management company, the achievement of ECSP licensing, and successful international expansion. Such developments significantly bolstered its position for potential growth in the upcoming 2024 financial year.

The company expressed confidence in the sustainability and performance of its property investment ventures, citing a continued high demand in the property financing segment. During 2023, EV Digital Invest AG financed 13 property projects, demonstrating robust engagement in a challenging market. The executive board remains optimistic about future revenue growth and the long-term profitability of their diversified investment strategies.