ACCESS Newswire

Hilbert Group

Share
Hilbert Group Publishes Interim Report for Q3 and The First Nine Months of 2021

STOCKHOLM, SE / ACCESSWIRE / November 30, 2021 / Hilbert Group (STO:HILB-B)

The third quarter

  • Revenue amounted to kSEK 832.9 (-)
  • Operating profit/loss (EBIT) totaled kSEK -2,936.1 (-102.2)
  • EBIT was affected by non-recurring expenses related to preparations for the Listing on Nasdaq First North Growth Market in October 2021 amounting to approximately kSEK 1,700.
  • Cash flow from operating activities amounted to kSEK -3,504 (-111)
  • Earnings per share before and after dilution amounted to SEK -0.14 (-0.10)

Year to date January - September

  • Revenue amounted to kSEK 3,492.2 (-)
  • Operating profit/loss (EBIT) totaled kSEK -912.7 (-460.6)
  • EBIT was affected by non-recurring expenses related to preparations for the Listing on Nasdaq First North Growth Market in October 2021 amounting to approximately kSEK 1,700.
  • Cash flow from operating activities amounted to kSEK -2,218 (-550)
  • Earnings per share before and after dilution amounted to SEK -0.09 (-0.46)

Highlights from the CEO's address
During Q3, Hilbert Group took several important steps towards our vision "To be a world-class digital asset investment firm".

Living up to our vision means serving a large number of (institutional) clients on the asset management side. It also means frequently participating in the largest seed funding rounds in terms of equity investments. Furthermore, it means being a premier source of high-quality data and analyses. Currently, and in the near future, we will be focusing on the first and last pieces of that statement - i.e. we will focus on expanding the Asset Management vertical and the Data & Analytics vertical.

Acquiring the COIN360 majority stake
In July, Hilbert Group became the majority owner of COIN360, with 60 % of the shares. Its current four million+ visits per month serve as a strong foundation for our Data & Analysis vertical.

Our three main objectives for COIN360 are:

  • To develop COIN360 into the world's leading website for investors and people interested in the market aspects of cryptocurrencies - to become the "Bloomberg of Digital Assets".
  • To generate solid revenue streams in terms of advertisements and subscription services.
  • To use COIN360 to market Hilbert Group as an investment company, including funnelling potential customers to our asset management products.

Joining forces with HAYVN
On November 17, Hilbert Group acquired a 2.7% stake in HAYVN, a global investment bank specializing in digital assets. The main reasons for the acquisition are:

  • HAYVN currently offers OTC trading and custody of digital assets to their customers. We see a strong growth in the interest in digital currencies in the Middle East, with relatively few players. Operators such as HAYVN will have a distinct early mover advantage.
  • It helps us build a hub/platform in a region where we were previously not established and where a lot of capital is available for crypto investments. Hilbert Group will assist HAYVN in expanding their asset management branch and cooperate on product development. This will enable us to market our fund products via their platform, either directly or indirectly.

Listing on Nasdaq First North
Hilbert Group had reached a stage that made the benefits of listing a natural next step in the Company's development. Hilbert Group was approved for listing on Nasdaq First North, with trading commencing on October 27.

For further information, please contact:
Niclas Sandström
CEO Hilbert Group AB
+46 (0)8 502 353 00
ir@hilbert.group

About Us

Hilbert Group AB is an investment firm with sole focus on digital assets, primarily cryptocurrencies and blockchain technologies. The business model is diversified into four verticals - asset management, proprietary trading, equity investments and data & analytics.

Hilbert Group's vision is to be a world class digital asset investment firm with the ambition to provide first class services to its clients and shareholders, to help accelerate the technological revolution that is digital assets, and to expand people's knowledge of this emerging asset class.

Hilbert Group is listed on Nasdaq First North Growth Market (ticker HILB B) with Eminova Fondkommission (phone +46 8 684 211 10 | adviser@eminova.se) as Certified Adviser.

This information is information that Hilbert Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-11-30 15:00 CET.

SOURCE: Hilbert Group



View source version on accesswire.com:
https://www.accesswire.com/675264/Hilbert-Group-Publishes-Interim-Report-for-Q3-and-The-First-Nine-Months-of-2021

To view this piece of content from www.accesswire.com, please give your consent at the top of this page.

About ACCESS Newswire

DK

Subscribe to releases from ACCESS Newswire

Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from ACCESS Newswire

Latest GA Autonomous Jet Demo Features Live Air-to-Air Engagement Capability17.7.2025 18:10:00 CEST | Press release

Autonomous Tasking With TacACE and Optix.C2 Showcase Maturity and Operational Readiness SAN DIEGO, CALIFORNIA / ACCESS Newswire / July 17, 2025 / General Atomics Aeronautical Systems, Inc. (GA-ASI) and General Atomics Integrated Intelligence, Inc. (GA-Intelligence) successfully completed a groundbreaking demonstration on July 8, integrating technologies across multiple affiliates to showcase long-range kill chain effects, including an autonomous air-to-air engagement. The flight integrated local and global sensor fusion to deliver real-time situational awareness and autonomous tasking to an airborne MQ-20 Avenger® through the Tactical Autonomy Core Ecosystem (TacACE) to close the kill chain and showcase the system's maturity and operational readiness for the warfighter. The event featured the integration of a Collaborative Combat Aircraft (CCA), a fully compliant government-owned autonomy implementation, and beyond-line-of-sight (BLOS) Command and Control (C2). The MQ-20 unmanned jet,

Belgian Aircrew Completes MQ-9B Training17.7.2025 18:05:00 CEST | Press release

GA-ASI's MQ-9B SkyGuardian® Training Was Conducted at Multiple Sites, Including Flight Test & Training Center and Desert Horizon SAN DIEGO, CALIFORNIA / ACCESS Newswire / July 17, 2025 / The first Belgian aircrew has completed training to operate the world's leading remotely piloted aircraft (RPA): the MQ-9B SkyGuardian®. General Atomics Aeronautical Systems, Inc. (GA-ASI), designer and developer of the MQ-9B, provided the extensive aircrew training that culminated at GA-ASI's Desert Horizon test facility in El Mirage, California, following stops in Belgium and GA-ASI's Flight Test & Training Center in North Dakota. "Providing all-encompassing training for the aircrews of our customers goes hand in hand with delivering the world's most capable RPA," said GA-ASI President David R. Alexander. "Completing this training ensures that Belgium is ready and able to operate their MQ-9Bs and maximize the benefits that come from long-range, high-endurance RPA." The scope of the training is focuse

A New Transatlantic Partnership for European CCA17.7.2025 18:00:00 CEST | Press release

General Atomics announces plans for rapid international uncrewed fighter development FAIRFORD, UK / ACCESS Newswire / July 17, 2025 / General Atomics is taking a bold step toward rapidly delivering a European Collaborative Combat Aircraft (CCA) - based on a mature U.S. platform, assembled in Europe, with European mission systems - by aligning its independent U.S. and German aerospace affiliates under a teamed operation.YFQ-42A The new aircraft is derived from the U.S. Air Force's YFQ-42A prototype, currently in ground testing and scheduled for first flight later this summer, designed and built by General Atomics Aeronautical Systems, Inc. (GA-ASI) in San Diego, Calif. European mission system customization and manufacturing in Europe will be supported by General Atomics' German aerospace affiliate, General Atomics Aerotec Systems GmbH (GA-ATS), headquartered in Oberpfaffenhofen, near Munich. Leveraging the prior investments of these established aerospace companies on both sides of the A

The Digital Banker17.7.2025 15:30:00 CEST | Press release

In this July 2025 article for the Fast Company Executive Board, Avtar Sehmbi of the Forbes Technology Council explains why Chief Technology Officers (CTOs) are increasingly positioned to lead the future of banking. LONDON, GB / ACCESS Newswire / July 17, 2025 / Artificial intelligence (AI) and other emerging technologies are reshaping banking by automating tasks, enhancing data analysis, and enabling personalized services. These tools improve risk management, streamline operations, and boost profitability. Institutions like JPMorgan Chase and Bank of America are already leveraging AI for fraud detection, customer service, and advanced analytics. Meanwhile, AI-powered hedge funds and neobanks use technology to deliver tailored experiences and outperform their peers.Avtar Sehmbi The Digital Banker Fast Company Avtar Sehmbi the Digital banker This shift isn't theoretical; it's already well underway. Digital systems are fully embedded into the everyday operations of financial institutions,

Global Sports Brand U.S. Polo Assn. Launches First Retail Store in Berlin, Germany16.7.2025 16:37:00 CEST | Press release

Brand Targets Aggressive Retail, Wholesale and Ecommerce Expansion WEST PALM BEACH, FL AND BERLIN, GERMANY / ACCESS Newswire / July 16, 2025 / U.S. Polo Assn., the official brand of the United States Polo Association (USPA), is proud to announce its first retail store in Germany alongside its brand partners Incom S.p.a. and Modevertrieb Sarnacchiaro GmbH (MVS). The location of the first U.S. Polo Assn. store in the heart of Berlin is at the premier Alexa Mall at Alexanderplatz and marks the beginning of a strategic retail rollout across the country, which solidifies the multi-billion-dollar brand's global presence in Germany. The new Berlin store is offering a curated selection of men's, women's, undergarments, and beachwear collections - a perfect mix of sports heritage and contemporary spirit.U.S. Polo Assn. Executives J. Michael Prince, Antonio Sarnacchiaro, and Lorenzo Nencini with U.S. Polo Assn. Models U.S. Polo Assn. is a symbol of style that blends sports inspiration and authen

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye