Refile: BRIEF-Believe Q3 Revenue Up At 144 Million Euros

Believe SA

03/11/2021 17:21

(Changes to 'Play Two' in source text links. No change to story
text.)
    Nov 3 (Reuters) - Believe SA  BLV.PA :
    * Q3 2021 REVENUES: VERY DYNAMIC Q3 DRIVEN BY BELIEVE'S
ATTRACTIVITY TO ARTISTS AND LABELS, DEMONSTRATING BELIEVE'S
STRONG DIGITAL PLATFORM MODEL
    * REVENUE GROWTH: +27% IN Q3, +31% YEAR-TO-DATE
    * ORGANIC REVENUE GROWTH: +27% IN Q3, +29% YEAR-TO-DATE
    * DIGITAL SALES GROWTH: +30% IN Q3, +33% IN YEAR-TO-DATE
    * FY 2021 GUIDANCE UPLIFTED WITH ORGANIC GROWTH NOW
ANTICIPATED AT
LEAST AT +27%
    * Q3 2021 REVENUES GREW BY +27.1% TO REACH EUR 144 MILLION
(VERSUS
EUR 113 MILLION IN Q3 2020)
    * DIGITAL SERVICES ACTIVITIES RECORDED STRONG REVENUE GROWTH
IN Q3
AND ARE EXPECTED TO PURSUE THIS TRAJECTORY
    * PHYSICAL SALES WHICH RECORDED A SLIGHT DECREASE IN Q3 ARE
EXPECTED TO DECREASE IN LAST QUARTER
    * PHYSICAL SALES DECREASE WILL HAVE A MORE LIMITED IMPACT ON
TOTAL
REVENUES THAN ANTICIPATED BY GROUP BEGINNING SEPTEMBER
    * ANTICIPATES AN ANNUAL ORGANIC GROWTH OF AT LEAST +27% IN
2021
(COMPARED TO PREVIOUS FORECAST OF ORGANIC GROWTH OF AT LEAST
+23%)
    * PLAY TWO STAKE ACQUISITION WILL HAVE LIMITED IMPACT ON
2021
REVENUES WITH INTEGRATION AGREEMENT SLOWLY RAMPING UP
    * NOW ANTICIPATING AN ADJUSTED EBITDA MARGIN ABOVE 3% FOR
2021

Source text for Eikon:  ID:nGNE8wrjVv 
For Play Two stake acquisition, see here:  urn:newsml:reuters.com:*:nFWN2RU243
Further company coverage:  BLV.PA 

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