Allane SE Postpones Expense Recognition Adjustment, Projects Negative Earnings

Allane SE has decided to delay the adjustment of its accounting methodology to align with its parent company's standards. This decision follows a comprehensive analysis by the Management Board. Consequently, the company will continue to follow the accounting policies outlined in its 2023 Annual Report.

The expected positive effect on earnings will not occur due to the lack of changes in the accounting method. Residual and fair value differences have led to accumulated impairment losses on leased assets, negatively impacting the company's earnings by EUR 44.0 million as of June 30, 2024.

Allane SE now anticipates a negative Group EBT of EUR 24.6 million for the first half of 2024. For the full year, the Management Board forecasts a negative Group EBT between EUR 25 million and EUR 35 million. The forecast for the Group contract portfolio and consolidated operating revenue remains unchanged.