DGAP-News: CLIQ Digital raises FY20 guidance once again
DGAP-News: Cliq Digital AG
/ Key word(s): Change in Forecast/Forecast
In 2020, CLIQ now expects to generate at least €100m in gross revenue (previously: €90m) and at least €13m in EBITDA (previously: €10m). This guidance hike forecasts year-on-year growth rates of 58% p.a. and 126% p.a. respectively (cf. PY: +8% and +49% respectively for FY 2019 vs FY 2018). The marketing spend is expected to total around €33m (PY: €22m) and the Customer Base Value to amount to approximately €34m (PY: €26m) in FY 2020.
CLIQ's accelerating focus on direct media buying and fundamental shift from affiliate marketing has triggered a further notable increase in revenue growth during the current operating quarter and a subsequent boost to the EBITDA development, also resulting in a gratifying increase in new customers and the CLIQ factor (which will be released together with the Q3 figures).
"Increasing our content offering and advertising by direct marketing positively impact our company's overall performance," said Ben Bos. "We are pleased to see this development, which clearly underscores our strategic decisions taken in 2019 to transform and improve our direct media buying activities. Going forward, our business development is well on track to enable CLIQ to become a major provider of streaming entertainment services to consumers worldwide."
The company will bring forward the disclosure of its Q3/9M 2020 financials and report on 29 October 2020.
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).
17.09.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Cliq Digital AG|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1132659|
|End of News||DGAP News Service|
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With 6 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
However, we have a potential of -36.842% for Cliq Digital AG as the target price of €12.00 is below the current price of €19.00.