Ernst Russ AG: Increase in forecast for the 2023 financial year

EQS-Ad-hoc: Ernst Russ AG / Key word(s): Forecast Ernst Russ AG: Increase in forecast for the 2023 financial year 05-Jul-2023 / 15:42 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Hamburg, 5 July 2023: The management board of Ernst Russ AG (ISIN DE000A161077) today raised its previous forecast for the full year 2023 based on its review of the latest business performance. The expected revenues are now in a range between 190 and 210 million EUR (previously: range between 180 and 200 million EUR) and the expected operating result in a range between 70 and 90 million EUR (previously: range between 57 and 77 million EUR). The forecast results from the positive business performance in the fiscal year 2023 to date and is based mainly on charter contracts already concluded, planned technical availability of the Ernst Russ Group fleet of around 97.0%, an economically stable environment, and the assumption of an average exchange rate of 1.10 USD/EUR. The financial figures for the first half of 2023 will be published on August 24, 2023. Contact: Ernst Russ AG Anika Hillmer Investor Relations Tel. [phone] E-Mail: [e-mail] End of Inside Information 05-Jul-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

Language:	English
Company:	Ernst Russ AG
	Elbchaussee 370
	22609 Hamburg
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.ernst-russ.de
ISIN:	DE000A161077
WKN:	A16107
Listed:	Regulated Unofficial Market in Berlin, Frankfurt (Scale), Hamburg, Tradegate Exchange
EQS News ID:	1673463

End of Announcement	EQS News Service

1673463  05-Jul-2023 CET/CEST