Brief: CLIQ Digital Raises 2020 Outlook

Cliq Digital AG

06/07/2020 12:27

July 6 (Reuters) - CLIQ DIGITAL AG  CLIQ.DE :
    * INCREASES OUTLOOK FOR THE CURRENT FINANCIAL YEAR
    * EXPECTS A STRONGER INCREASE OF ITS GROSS REVENUE FOR YEAR
DUE TO
HIGH LEVELS OF MARKETING SPEND IN FIRST SIX MONTHS OF FINANCIAL
YEAR
    * MANAGEMENT BOARD NOW ESTIMATES THAT IN FINANCIAL YEAR 2020
GROSS
REVENUES OF APPROXIMATELY EUR 90 MILLION (CORRESPONDING TO A
GROWTH RATE OF MORE THAN 40% COMPARED TO FINANCIAL YEAR 2019)
    * SEES FY EBITDA OF AT LEAST EUR 10 MILLION (CORRESPONDING
TO A
GROWTH RATE OF APPROX. 75% COMPARED TO FINANCIAL YEAR 2019) WILL
BE REALIZED
    * EXPECTS FY MARKETING SPEND OF APPROXIMATELY EUR 30 MILLION
(CORRESPONDING TO A GROWTH RATE OF APPROX. 35% COMPARED TO
FINANCIAL YEAR 2019)

Source text for Eikon:  ID:nEQ6qTZ8ra 
Further company coverage:  CLIQ.DE 

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