Brief: Donkey Republic Expects To Close 2021 With €4.9-5.0M In Revenue

DonkeyRepublic Holding A/S

28/12/2021 14:19

Dec 28 (Reuters) - Donkeyrepublic Holding A/S  DONKEY.CO :
    * DONKEY REPUBLIC EXPECTS TO CLOSE 2021 WITH €4.9-5.0M IN REVENUE, AND TO DOUBLE IT IN 2022.
    * - GUIDES FOR 2022 REVENUES TO BE: 9 TO 10M EUR [67 TO 75M DKK].
    * MANAGEMENT EXPECTS COVID-19 RESTRICTIONS TO HAVE A LIMITED IMPACT ON Q1 2022.
    * WE EXPECT 2021 EBITDA OF BETWEEN -0.8 TO -1.0M EUR [-6.0 TO -7.5M DKK] AND AN EBIT OF -2.5
TO
-2.8M EUR [-18.5 TO -21.0M DKK].
    * FOR 2022 EBITDA IS EXPECTED TO BE BETWEEN -2.5 TO -3.0M EUR [-18.5 TO -22.5M DKK] AND EBIT
BETWEEN -5.0 TO -5.5M EUR [-37 TO -41M DKK].
    * IN 2023 WHERE DONKEY REPUBLIC MANAGEMENT EXPECTS A POSITIVE EBITDA RESULT, BEFORE ALSO
HAVING A
POSITIVE EBIT IN 2024.
    * WE DO NOT EXPECT NEW EQUITY INJECTION TO CONTINUE OUR GROWTH IN 2023 AND 2024.
    * OMPANY EXPECTS TO HAVE MORE THAN 10M EUR [75M DKK] IN CASH BY END OF 2021
    * WE REMAIN CONFIDENT ABOUT OUR PROFITABILITY PROJECTION WITH A REVENUE OF 25 TO 30M EUR
[185 TO
225M DKK] IN 2024.

Source text for Eikon:  ID:nWkr3P4fBz 
Further company coverage:  DONKEY.CO 

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