Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

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

06-Jul-2020 / 13:25 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


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.

Contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel.: +49 (0) 089 125 09 03-33
E-Mail: sh@crossalliance.de
www.crossalliance.de


06-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Cliq Digital AG
Immermannstr. 13
40210 Düsseldorf
Germany
E-mail: investor@cliqdigital.com
Internet: www.cliqdigital.com
ISIN: DE000A0HHJR3
WKN: A0HHJR
Indices: Scale 30
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

fncls.ssp?fn=show_t_gif&application_id=1086899&application_name=news&site_id=sharewise

Try our new sharewise academy

Learn everything about the market

Cliq Digital AG Stock

€18.90
-1.580%
A loss of -1.580% shows a downward development for Cliq Digital AG.
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%.
Like: 0
Share
EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




Comments