Hilbert Group Publishes Interim Report for the Third Quarter 2022


STOCKHOLM, SE / ACCESSWIRE / November 30, 2022 / Hilbert Group (STO: HILB-B) (FRA: 999)

November 30, 2022
The third quarter 2022
(compared to Q3 2021)

  • Revenue amounted to kSEK 10,411.3 (832.9)

  • Operating profit/loss (EBIT) amounted to kSEK -7,686.7 (-3,655.6)

  • The result for the period was kSEK -570.7 (-3,342.2)

  • Cash flow from operating activities amounted to kSEK -10,332 (-1,793)

  • Earnings per share before and after dilution amounted to SEK 0.01 (-0.16)

Year to date January – September

  • Revenue amounted to kSEK 22,638.9 (3,492.2)

  • Operating profit/loss (EBIT) amounted to kSEK -32,090.9 (-1,649.2)

  • The result for the period was kSEK -15,876.5 (-1,335.8)

  • Cash flow from operating activities amounted to kSEK -16 526 (-424)

  • Earnings per share before and after dilution amounted to SEK -0.29 (-0.14)

Highlights of the CEO’s speech

General
The FTX crash and related secondary crashes have nothing to do with digital assets and blockchain, and everything to do with fraudulent behavior and/or lack of strong corporate governance. History is littered with examples like this in traditional finance. Takeaway Lessons:

  • Counterparty risk should be taken very seriously. Proper due diligence is key.

  • Regulatory reform for centralized exchanges is urgently needed: the existing framework of traditional financial exchanges can be adopted, without the need to create new laws.

  • Decentralized finance is stronger than centralized finance.

  • More gray hairs are needed on the financial side of cryptocurrencies. Great values ​​are at stake and prudence and good governance come from experience. Too many children around.

Asset Management
Despite all the debacles of 2022, institutional interest in cryptocurrencies remains strong. Most traditional financial institutions realize that crypto/blockchain is here to stay. While market-neutral funds are the flavor of choice, more and more institutions are now also looking to take directional exposure to what they view as favorable price levels. Hilbert Group is now beginning to reap the rewards of the strong sales organization that Richard Murray, CEO of Hilbert Capital, has built since joining in July.

COIN360
Several important milestones have been completed for Coin360 in the past few months. Last quarter we also streamlined the Coin360 organization and the company is now well positioned to weather any long-lasting crypto winter. Coin360 is majority owned by the Hilbert Group.

Business
Despite a very difficult year for crypto markets, cryptocurrency investment bank HAYVN has continued to grow strongly throughout 2022. Top articles are:

  • 6x YoY revenue growth (October).

  • Over $100 million in real estate volume through its crypto payment solution, to date.

  • 5 regulators worldwide have granted HAYVN approval (ADGM, FINMA, CIMA, AUSTRAC and FSC).

HAYVN is also currently considering a bid for the FTX payments business.

For more information contact:
Niclas Sandstrom
CEO Hilbert AB Group
+46 (0)8 502 353 00
[email protected]

About us

Hilbert Group AB is an investment firm with an exclusive 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 and 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, help accelerate the technological revolution that is digital assets, and expand people’s knowledge. on 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 | [email protected]) as a Certified Consultant.

This information is information that Hilbert Group is required to make public under the EU Market Abuse Regulation. The information was submitted for publication, via the agency of the contact persons indicated above, on 2022-11-30 23:05 CET.

Attached files

HILBERT Q3 22

FONT: Hilbert Group

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