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-News: CLIQ Digital AG: QUIRIN Privatbank Equity Research raises the price target to EUR 16.00 after increased company outlook for 2020 and confirms 'BUY' recommendation


DGAP-News: Cliq Digital AG / Key word(s): Research Update
CLIQ Digital AG: QUIRIN Privatbank Equity Research raises the price target to EUR 16.00 after increased company outlook for 2020 and confirms 'BUY' recommendation

09.07.2020 / 08:00
The issuer is solely responsible for the content of this announcement.


Corporate News

CLIQ Digital AG: QUIRIN Privatbank Equity Research raises the price target to EUR 16.00 after increased company outlook for 2020 and confirms "BUY" recommendation

Dusseldorf, 9 July 2020 - The analysts of QUIRIN Privatbank Equity Research have recently published a new research update on the CLIQ Digital share (ISIN DE000A0HHJR3, GSIN A0HHJR), a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services.

After the considerably increased outlook for the current financial year, communicated by the Company's Management on 6 July 2020, QUIRIN decided to raise its price target from EUR 10.00 up to EUR 16.00. Consequently, the analysts' recommendation has remained "BUY". Based on the new outlook for this year, CLIQ Digital estimates gross revenues of approximately EUR 90 million, which means a growth rate of more than 40% compared to the financial year 2019, and an EBITDA of at least EUR 10 million, corresponding to approximately 75% more than the 2019 financial year.

CLIQ Digital expects a stronger increase in its gross revenue and EBITDA for the year due to the high levels of marketing spend during the first six months of this financial year. During the second quarter, the Company was also able to maintain its important KPI CLIQ Factor (a key indicator for measuring the profitability of new customers) above 1.58, the number indicated in its previous outlook for this financial year 2020.

The analysts of QUIRIN stated that the strong improvements of CLIQ are caused by the Company's successful media buying strategy, combined with attractive content offerings. Furthermore, a major source of growth lies in the expected increasing marketing spend from its former outlook (EUR 26 million) to approximately EUR 30 million, which should pave the way for further growth even after full year 2020.

You can find the current commentary by QUIRIN Privatbank Equity Research on the CLIQ Digital AG website under the following link:

https://cliqdigital.com/blog/front-IR/analysts/

About CLIQ Digital:
CLIQ Digital (www.cliqdigital.com) is a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services. Members get unlimited access to music, audiobooks, games, sports and movie content. The core business of the Group is the online direct marketing of its streaming entertainment services to consumers globally. In 2019 CLIQ Digital realized over 90% of its sales in Europe and North America. CLIQ Digital's headquarter is based in Dusseldorf and has offices in Amsterdam, London, Paris, Barcelona and Tequesta, Florida. The Group, employs approximately 100 staff and is listed in the Scale (30) segment at the Frankfurt Stock Exchange (ISIN DE000A0HHJR3).

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



09.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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: 1089695

 
End of News DGAP News Service

1089695  09.07.2020 

fncls.ssp?fn=show_t_gif&application_id=1089695&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