ParTec AG Reports Significant Revenue Increase for 2023; Considers Uplisting to Prime Standard

Munich, 12 June 2024 - ParTec AG has announced a substantial rise in revenue for 2023. The company's financial statements reveal a 165% increase in revenue, from EUR 36.1 million to EUR 95.7 million. ParTec AG's earnings before interest and taxes (EBIT) reached EUR 740.2 million, up from EUR 17.3 million. However, at the Group level, EBIT stood at EUR -13.3 million due to a value adjustment on a receivable.

ParTec achieved significant milestones in 2023, including securing a contract to build Europe's first exascale supercomputer, "JUPITER," with an order volume of around EUR 300 million. The company also initiated the "Supertrainer" project, aimed at developing modular AI solutions for various industries.

In quantum computing, ParTec plans to launch its first product line in the second half of 2024. The company is also building a new production facility in Munich for assembling quantum systems. Additionally, ParTec has developed QBridge, a software solution facilitating the integration of high-performance and quantum computers.

ParTec successfully entered the Scale open market segment of the Frankfurt Stock Exchange in July 2023. The company is exploring various financing options, including an uplisting to the regulated market (Prime Standard).