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    EXL   DE000A0LR9G9

EXASOL AG

(EXL)
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6.668 EUR   +4.84%
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PRESS RELEASE : Exasol Achieves Carbon Neutrality for 2020 and Commits to a 42% Reduction in Emissions by 2030

09/30/2021 | 04:01am EST

DGAP-News: EXASOL AG / Key word(s): Sustainability Exasol Achieves Carbon Neutrality for 2020 and Commits to a 42% Reduction in Emissions by 2030 2021-09-30 / 10:00 The issuer is solely responsible for the content of this announcement.

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Exasol Achieves Carbon Neutrality for 2020 and Commits to a 42% Reduction in Emissions by 2030 The carbon neutral certificate for 2020 is part of Exasol's long-term plan that outlines the company's commitment to sustainability

Nuremberg, Germany - September 30, 2021 - Exasol, the high-performance analytics database, today announced new ambitious targets to significantly reduce its GHG emissions by 2030. In line with levels required to meet the goals of the Paris Agreement to limit global warming to 1.5 degrees, Exasol has committed to reducing its emissions by 42% for GHG Protocol Scopes 1 and 2. Furthermore, Exasol has also committed to continuous measurement and monitoring of emissions from scope 3 with a view to reducing these as much as possible.

In addition, Exasol is proud to announce that it has been certified as carbon neutral for 2020, meaning the company offset 100 percent of the carbon dioxide emissions (CO?) for all operations that year.

"We have now been certified as carbon neutral for 2019 and 2020, but this is only the beginning," said Mathias Golombek, CTO and Green Team Ambassador at Exasol. "It is very important for us that we do everything we can to be as sustainable as possible. We only have one planet, and it is our duty to do our bit to protect it and look after it. It is not enough to pay to offset emissions, although we will continue to do so, but our goal is to significantly reduce our footprint across the board. The Exasol Green Team is doing a fantastic job of this already."

Exasol's Green Team, led by an Environmental Officer, is working on implementing the strategy that will ensure the company meets the target of reducing emissions by 42% by 2030. The Team will take actions to educate all Exasol employees and support green initiatives, as well as review existing practices to identify areas for improvement. Working with Planetly, Exasol's sustainability partner, the Green Team will oversee the move towards a more sustainable and environmentally friendly model for Exasol.

Exasol officially supports two high-quality carbon offsetting projects located in the Amazon, Peru, and Borneo, Indonesia, both of which have been certified by the Gold Standard or the VCS Standard and contribute to different UN Sustainable Development Goals (SDGs). The projects include REDD + Rainforest Project, Borneo, and Amazon Rainforest Protection Project, Peru. Through these projects, Exasol has been certified as carbon neutral for 2019 and 2020.

Exasol's priority is reducing its carbon footprint as much as possible to limit the impact of its operations on the environment, while continuing to offset unavoidable emissions via certified REDD+ projects.

For more information on Exasol's CSR program, please visit: www.exasol.com/corporate-social-responsibility/

ENDS About Exasol Exasol was founded in 2000 with the vision to transform how organizations use data. Today, Exasol's analytics database

- the fastest in the world - is trusted by the world's most ambitious organizations. With offices in several locations across the US and Europe, Exasol is committed to delivering flexible, scalable and powerful analytics solutions to customers wherever they are, in the cloud or on-premises. Exasol - accelerating insights from the world's data. Learn more at: www.exasol.com and follow us on social media: LinkedIn and Twitter. PR Contacts: Carla Gutierrez, Global Head of Communications at Exasol Email: Carla.gutierrez@exasol.com

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2021-09-30 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      EXASOL AG 
              Neumeyerstraße 22-26 
              90411 Nuremberg 
              Germany 
Internet:     www.exasol.com 
ISIN:         DE000A0LR9G9 
WKN:          A0LR9G 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, 
              Tradegate Exchange 
EQS News ID:  1236769 
 
End of News   DGAP News Service 
=------------ 

1236769 2021-09-30

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1236769&application_name=news

(END) Dow Jones Newswires

September 30, 2021 04:00 ET (08:00 GMT)

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Financials
Sales 2021 30,2 M 34,1 M 34,1 M
Net income 2021 -30,8 M -34,8 M -34,8 M
Net cash 2021 28,2 M 31,9 M 31,9 M
P/E ratio 2021 -4,99x
Yield 2021 -
Capitalization 152 M 171 M 172 M
EV / Sales 2021 4,10x
EV / Sales 2022 3,39x
Nbr of Employees 288
Free-Float 62,0%
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Number of Analysts 2
Last Close Price 6,36 €
Average target price 21,00 €
Spread / Average Target 230%
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Managers and Directors
Aaron Auld Chief Executive Officer
Jan-Dirk Henrich Chief Operating & Financial Officer
Jochen Tschunke Chairman-Supervisory Board
Mathias Golombek Chief Technology Officer
Thomas Siekmann Chief Information Officer
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