Lübke Kelber AG Publishes Annual Financial Statements for 2023

Lübke Kelber AG has released its audited financial statements for 2023. The figures are consistent with the preliminary business results shared on May 10, 2024. As a holding company without its own operational business, Lübke Kelber AG reported no revenues for the year. Earnings before interest and taxes (EBIT) amounted to EUR -0.42 million, compared to EUR -0.62 million in the previous year. The net loss for the year was EUR -0.44 million, a decrease from EUR 0.63 million in 2022.

The company’s equity rose to EUR 17.8 million at the end of the financial year, up from EUR -78 thousand the previous year. This increase was due to a non-cash capital raise in Q4 2023, through which Dr. Lübke & Kelber GmbH was integrated into Lübke Kelber AG via the issue of 907,500 new shares.

Dr. Lübke & Kelber GmbH, now part of Lübke Kelber AG, saw a revenue increase to EUR 8.7 million in 2023. However, EBIT for the GmbH stood at EUR -1.6 million, primarily due to higher personnel costs, expanded asset and investment management, and impairments on receivables.

The Executive Board anticipates a positive EBIT of over EUR 1.0 million for GmbH and its subsidiaries in 2024, leading to a positive result for Lübke Kelber AG. The complete financial statements are available on the company’s website, with the full annual report expected in early June.