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Hilbert Group Publishes Year-End Report for 2023
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0 KommentareSTOCKHOLM, SE / ACCESSWIRE / February 28, 2024 / Hilbert Group (STO:HILB-B) (FRA:999)The fourth quarter 2023(compared to fourth quarter 2022)Revenues amounted to kSEK 7,628.9 (kSEK 4,310.8)Operating loss (EBIT) totaled kSEK -11,435.1 (kSEK …
STOCKHOLM, SE / ACCESSWIRE / February 28, 2024 / Hilbert Group (STO:HILB-B) (FRA:999)
The fourth quarter 2023
(compared to fourth quarter 2022)
- Revenues amounted to kSEK 7,628.9 (kSEK 4,310.8)
- Operating loss (EBIT) totaled kSEK -11,435.1 (kSEK -18,214.0)
- Result for the period was kSEK -18,762.6 (kSEK -23,511.5)
- Net cash flow from operating activities amounted to kSEK -4,460.6 (kSEK 331.5)
- Earnings per share before and after dilution amounted to SEK -0.32 (SEK -0.41)
Full Year January - December 2023
(compared to full year 2022)
- Revenues amounted to kSEK 24,106.4 (kSEK 26,949.7)
- Operating profit/loss (EBIT) totaled kSEK -39,167.6 (kSEK -50,181.1)
- Result for the period was kSEK -44,708.9 (kSEK -39,264.1)
- Net cash flow from operating activities amounted to kSEK -28,656 (kSEK -22,337.3)
- Earnings per share before and after dilution amounted to SEK -0.78 (SEK -0.70)
Highlights from the CEO's address
General
During the last 2 years of extreme market and ecosystem conditions, the Hilbert team has focussed on ensuring that Hilbert's infrastructure and its external trading/custody/banking relationships are secure, resilient to stress and efficient. During 2023, Hilbert's operations team has evaluated and onboarded 20 new counterparties and solutions across exchanges, prime brokers and banks. This remains a critical focus for the firm in 2024 as, in our 7 years of trading experience in cryptocurrency markets, we have seen that if operational risk management is done extremely well, there is an abundance of investment opportunities across alpha and beta in cryptocurrency markets.
Institutional investors
In 2023, 13 institutional groups have approved and invested in one or multiple of Hilbert's products and a larger number are at advanced stages of due diligence for investment. Based on existing commitments and due diligence processes, Hilbert aims to have at least 35 institutional groups invested in its products by the end of 2024.
Coinbase partnership
In 2023, Hilbert was selected by Coinbase to provide quantitative alpha strategies on its institutional SMA (separately managed account) platform. SMAs enable institutions to access trading solutions like Hilbert's in a secure, efficient, transparent structure which is custodied at Coinbase. The equivalent structures in traditional finance have attracted tens of billions of dollars over the last decade - such as MAN, Lyxor and Lighthouse.
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