News and Press releases
IR contact: For more information, please contact
Pres releases subscriptions:
By subscribing below via the Cision website to receive press releases from DDM, you are confirming that you accept that Cision will store your personal data.
DDM Debt AB
Subscription >>
DDM Holding AG
Subscription >>
DDM Debt AB (publ) (the "Company" or "DDM") - Publishes 2024 Annual Report and Provides Update on Q4 Financial Reporting Adjustment
Press Release – Annual Report 2024 Publication
DDM announces the publication of its Annual Report for the financial year 2024, available as of today on the company’s website www.ddm-group.ch
In finalizing the Annual Report, DDM has made an adjustment to the financial statements compared to what was published in its Q4 2024 report.
In the Q4 report, a profit of EUR 9.2 million was recognized in relation to an investment in Zelarion Holdings Limited (ITB Med), reflecting a Day 1 fair value gain under IFRS 9. As part of the year-end closing and audit process, DDM’s Board of Directors and management concluded that the recognition criteria were not fully met due to the nature of the valuation inputs used. Accordingly, the gain has been reversed in the final Annual Report. It is important to emphasize that this reversal is a purely technical IFRS accounting adjustment. It does not reflect any deterioration or change in the underlying value or business outlook of the investment.
The previously reversed gain is now going to be recognized in the Q1 2025 financial results, subject to updated valuation inputs. Furthermore, DDM is monitoring the upcoming ITB shareholder event in June 2025, which is anticipated to provide further clarity on the company's long-term plans.
The adjustment has no impact on DDM’s underlying business performance, operations, or liquidity. The company continues to maintain a strong platform for growth and disciplined portfolio management.
For information on the proposal, please contact:
Mail: investor@ddm-group.ch
DDM Debt AB (publ) (Nasdaq Stockholm: DDM Debt 2026) is part of the DDM Group, a specialized multinational investor in situations arising out of the general strategic challenges in the European banking markets. This includes investments into assets and companies previously held by financial institutions, including performing and non-performing loans and special situations. The DDM Debt Group also engages in businesses that are related, complimentary, incidental, ancillary or similar to any of the foregoing. DDM strives to create value for its stakeholders by combining significant expertise in financial services, credit underwriting and technology with a focus on operational excellence.