Marcy’s Musings: Advancing the Advanced Materials Discussion
The Marketing Minute: Cracking the Code of Technical Marketing
Trouble in Your Tank: Implementing Direct Metallization in Advanced Substrate Packaging
exceet Reports Holding Costs and Discontinued Operations for the Nine Months 2022
November 14, 2022 | exceetEstimated reading time: 1 minute
Currently continued operation business of exceet is only related to the Corporate Business, which comprises the holding companies with its administrative costs. exceet is currently evaluating various strategic options with regard to its future. As of 31 August 2022 exceet divested and deconsolidated Lucom GmbH Elektrokomponenten und Systeme, which was already disclosed as discontinued operations and prior reports.
The continued operating result of exceet represents the holding costs. These costs amount in Q3 2022 to EUR -1.2 million (Q3 2021: EUR -0.6 million) and a total of EUR -2.2 million for the first nine month 2022 (9M 2021: EUR -2.0 million). The increase is related to one-off costs in an amount of EUR 1.0 million related to costs for evaluating new strategic investment opportunities. The financial results comprises administrative costs for the cash deposits in Q3 2022 about EUR -0.1 million (Q3 2021: EUR -0.7 million) and EUR -0.4 million for the entire reporting period (9M 2021: EUR -0.1 million). FX results for Q3 2022 is about EUR 0.5 million (Q3 2021: EUR -0.4 million) and EUR 0.3 million for the first nine month 2022 (9M 2021: EUR 0.1 million).
As of 30 September 2022, the total assets of exceet Group amounted to EUR 119.2 million, compared to EUR 122.5 million as of 31 December 2021.
The non-current assets amounted to EUR 1.2 million (31.12.2021: EUR 0.7 million) and increased by EUR 0.5 million due to additional financial investments in current participation.
Current assets amounted to EUR 117.9 million, compared to EUR 121.8 million at year-end 2021. The decrease of the current assets of EUR 3.9 million reflects the deconsolidation of Lucom GmbH Elektrokomponenten und Systeme.
At the end of the reporting period, exceet Group’s equity amounted, to EUR 117.6 million, against EUR 118.2 million as of 31 December 2021. This represents an equity ratio1) of 98.7% (31.12.2021: 96.5%).
Outlook
exceet is currently acting without continued operating business.
While GS Swiss PCB AG and exceet Secure Solutions GmbH have been divested in 2021, Lucom GmbH Elektronikkomponenten und Systeme was sold and deconsolidated on 31 August 2022.
Currently the operating result 2022 (EBIT) is dependent on the administrative costs for the holding companies and from costs for evaluating new strategic investment opportunities.
The continued business currently comprises only the holding companies. For these companies exceet Group plans a loss of about EUR 1.5 million in 2022 without one-time costs related to planned investments and results from divestments.
Share on:
Testimonial
"Advertising in PCB007 Magazine has been a great way to showcase our bare board testers to the right audience. The I-Connect007 team makes the process smooth and professional. We’re proud to be featured in such a trusted publication."
Klaus Koziol - atgSuggested Items
U.S. Manufacturing Jobs Decline Amid Tariffs and Immigration Crackdown
09/17/2025 | I-Connect007 Editorial TeamManufacturers in the U.S. are cutting jobs even as President Donald Trump pushes policies he says will revitalize the industry. Employers shed 12,000 manufacturing jobs in August, while payrolls in the sector have fallen by 42,000 since April, according to a new analysis from the Center for American Progress (CAP) based on government labor data.
Defense Speak Interpreted: If CHIPS Cuts Back, What Happens to Electronics Packaging Funds?
09/02/2025 | Dennis Fritz -- Column: Defense Speak InterpretedIn my May column, I examined the topic of the CHIPS Act and its current status as a U.S. government program. I found that CHIPS activities continue, but some corporations have delayed or canceled them because of budget cuts or corporation-specific problems. However, CHIPS integrated circuits—mostly administered by the Department of Commerce—don’t fully drive the electronics interconnection activity being funded by the government. Let’s cover the progress/status of other programs:
Ecolab to Acquire Ovivo’s Electronics Ultra-Pure Water Business
08/15/2025 | EcolabEcolab Inc. has entered into a definitive agreement to acquire Ovivo’s Electronics business, a leading and fast-growing global provider of breakthrough ultra-pure water technologies for semiconductor manufacturing.
Eltek Ltd. Reports Strong Second-Quarter 2025 Results
08/14/2025 | PR NewswireEltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), today announced its financial results for the quarter ended June 30, 2025.
Magnachip Semiconductor Announces YJ Kim to Step Down as CEO; Current Board Chairman Camillo Martino Appointed Interim CEO
08/14/2025 | PR NewswireMagnachip Semiconductor Corporation today announced that YJ Kim has agreed to step down as CEO and as a member of the Board of Directors, effective immediately. Camillo Martino, Chairman of the Board of Directors, has also been appointed Interim Chief Executive Officer, effective immediately.