EEII AG Reports Increased Losses and Organizational Restructuring

EEII AG revealed their annual results for 2024, showing a significant increase in losses compared to the previous year. For 2024, the company reported a loss of CHF 950,200, which is more than double the loss of CHF 419,234 in 2023. This downturn is attributed to operating expenses and a provision for the anticipated acquisition of LGW Holding in 2025.

The sale of their remaining stake in Russian Gazprom occurred at book value, leading to a decrease in the intrinsic value of the share to CHF -0.59 by year-end. Post-balance sheet, a CHF 500,000 advance payment for acquiring LGW Holding was written off, following delays in integrating Jubin Frères SA.

In response, the company plans a capital increase in 2025 to restore solvency. At a recent Extraordinary General Meeting, the Board was downsized and restructured to enhance governance, with Christian Lüscher appointed as Chairman, while Alexandre Uldry remains CEO.