Safello Group AB Publishes Annual Report for 2022

Stockholm, 31 March 2023 | Today, Safello Group AB (“Safello”) publishes the company’s annual report for 2022. The annual report is available in Swedish, with an English translation, on the company’s website: safello.com/ir. 

“2022 was a challenging year for the crypto industry as well as the financial industry as a whole. Despite the turmoil in the market we have managed to steer Safello towards profitability by cutting costs and keeping a strict focus on product development and innovation. Whereas the full year shows a negative bottom line, our streamlining efforts paid off in the fourth quarter. I am excited to continue building on the strong foundation and market leading position that Safello has, together with the highly talented team. The crypto market generally recovered in the beginning of 2023 despite headwinds in the financial markets, which benefits Safello who today has shed costs to weather a crypto-winter. We see a renewed momentum for sound crypto businesses with focus on safety, compliance and corporate governance to serve the retail market, enterprises and financial companies as implementation of MiCA regulation is getting closer. This is benefitting the company greatly and I look forward to continuing to serve our 300 000 customers as well as reaching cash flow neutrality in the near future”, says Emelie Moritz, CEO of Safello. 

For environmental and cost reasons, Safello Group AB has decided not to print the report. A printout may be distributed to shareholders upon request.

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For more information, please contact
Johan Edin, CFO, ir@safello.com

Certified Adviser
Amudova AB is Safello’s certified adviser. Phone +46 8 546 017 58. E-mail: info@amudova.se

Safello is the leading cryptocurrency exchange in the Nordics, with over 300,000 users. The company is empowering financial independence by making crypto accessible to everyone. Safello offers a secure way to buy, sell and store crypto in seamless transactions at industry-leading speeds. Operating in Sweden, Safello has been registered as a financial institution with Finansinspektionen (Swedish Financial Supervisory Authority) since 2013 and is listed at Nasdaq First North Growth Market since 2021. For more information visit www.safello.com.