Brief: Cyan AG Cuts 2019 EBITDA Outlook, Raises Revenue Guidance
20/08/2019 07:47
Aug 20 (Reuters) - Cyan AG CYR.DE :
* DGAP-ADHOC: CYAN AG: REDUCED EBITDA IN 2019 DUE TO
ACCELERATED
INVESTMENTS - REVENUE FORECAST RAISED FOR 2021
* EXPECTS SALES TO GROW TO AT LEAST EUR 75 MILLION BY 2021
(PREVIOUSLY COMMUNICATED: EUR 60 MILLION)
* REASON FOR ADJUSTMENT OF EBITDA FORECAST IS AN
ACCELERATION OF
CURRENTLY ONGOING INVESTMENT PROGRAM
* OUTLOOK 2019: EXPECTS EBITDA OF APPROXIMATELY EUR 14
MILLION
INSTEAD OF EUR 20 MILLION PREVIOUSLY COMMUNICATED
* EXPECTS 2021 TARGET EBITDA MARGIN OF APPROX. 50%
Source text for Eikon: ID:nEQ90Lxpxa
Further company coverage: CYR.DE
(Gdynia Newsroom)
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