Brief: Artnet AG Expects First Nine Months 2022 EBIT Of USD -1,963 Million

Artnet AG

04/11/2022 19:34

Nov 4 (Reuters) - Artnet Ag  AYDGn.DE :
    * EQS-ADHOC: ARTNET AG: ARTNET PUBLISHES PRELIMINARY FIGURES
FOR
THE THIRD QUARTER OF 2022, ADJUSTS FORECAST FOR FISCAL YEAR
2022, AND EXPECTS CASH INFLOW FROM US GRANT PROGRAM
    * DECIDED TODAY TO ADJUST ITS FORECAST FOR FISCAL YEAR 2022
    * EXPECTS 9 MONTHS REVENUES TO INCREASE BY 8% TO USD 18,997
MILLION
    * 2022 REVENUE FORECAST OF USD 27 MILLION TO USD 29 MILLION
REMAINS UNCHANGED
    * ARTNET-EXPECTS TO ACHIEVE OPERATING PROFIT (=EBIT) OF
BETWEEN
USD 0.6 MILLION AND USD 0.8 MILLION (PREVIOUSLY: BETWEEN USD 0.8
MILLION AND USD 1.03 MILLION) IN FY2022
    * FIRST NINE MONTHS OF 2022, ARTNET AG EXPECTS EBIT OF USD
-1,963
MILLION
    * COMPANY EXPECTS A NET CASH INFLOW OF USD 1,947 MILLION IN
2022

Source text for Eikon:  ID:nEQ34bZ96a 
Further company coverage:  AYDGn.DE 
 ((Reuters.Briefs@thomsonreuters.com;))