DGAP-Adhoc: CLIQ Digital AG increases outlook for the current financial year
DGAP-Ad-hoc: Cliq Digital AG / Key word(s): Change in Forecast
CLIQ Digital AG increases outlook for the current financial year
Dusseldorf, 6 July 2020 - The Management Board of CLIQ Digital AG (ISIN DE000A0HHJR3, WKN A0HHJR) has resolved today to increase its outlook for the current financial year 2020. The Company expects a stronger increase of its gross revenue for the year due to the high levels of marketing spend in the first six months of the financial year. During the second quarter, the Company was also able to maintain its important KPI CLIQ factor above the 1.58 indicated in its previous outlook for this financial year 2020.
The Management Board now estimates that in the financial year 2020 gross revenues of approximately EUR 90 million (corresponding to a growth rate of more than 40% compared to the financial year 2019) and an EBITDA of at least EUR 10 million (corresponding to a growth rate of approx. 75% compared to the financial year 2019) will be realized. At the same time the Management Board expects a marketing spend of approximately EUR 30 million (corresponding to a growth rate of approx. 35% compared to the financial year 2019). Previously, the Management Board expected for the financial year 2020 a gross revenue of at least EUR 75 million, marketing spend of EUR 26 million and an EBITDA of at least EUR 7.5 million. All numbers were determined on a consolidated basis under IFRS.
The Company will publish its half year figures on 20 August 2020.
06-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Cliq Digital AG|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1086899|
|End of Announcement||DGAP News Service|
1086899 06-Jul-2020 CET/CEST
Try our new sharewise academy
Learn everything about the market
We see a rather positive sentiment for Cliq Digital AG with 6 Buy predictions and 2 Sell predictions.
On the other hand, the target price of €12.00 is below the current price of €18.90 for Cliq Digital AG, so the potential is actually -36.508%.