Brief: CrowdFundMe Revises 2019 Estimates, Issues 2020-2022 Business Plan

Entera S.p.A

25/11/2019 08:33

Nov 25(Reuters) - CrowdFundMe SpA  CFM.MI :
    * SAID ON FRIDAY IT APPROVED NEW 2020-2022 INDUSTRIAL PLAN 
    * UNDER THE PLAN SEES 2022 REVENUE BETWEEN EUR 2.9-3.4 MLN,
2022
EBITDA BETWEEN EUR 1.2-1.5 MLN AND 2022 NET PROFIT BETWEEN EUR
1.0-1.1 MLN 
    * SEES 2020 REVENUE BETWEEN EUR 0.8-1.0 MLN, 2020 NEGATIVE
EBITDA
OF EUR 0.3 MLN AND 2020 NET LOSS OF EUR 0.5 MLN 
    * SEES 2019 REVENUE BETWEEN EUR 0.4-0.5 MLN, 2019 NEGATIVE
EBITDA
BETWEEN EUR 0.8-0.7 MLN AND 2019 NET LOSS BETWEEN EUR 0.9-0.8
MLN 
    * FROM 2021 EXPECTS TO ACHIEVE POSITIVE RESULTS ALSO IN
TERMS OF
EBITDA AND NET RESULT
    * SAYS ESTIMATES HAVE BEEN REVISED DOWN FROM BUSINESS PLAN
2018-2020 DUE TO DELAYS IN 2019 IN THE IMPLEMENTATION OF
MARKETING PLANS AND OPENING OF NEW BUSINESS LINES
    * SAYS FIXED INCOME AND REAL ESTATE BUSINESS LINES WILL BE
ACTIVE
FROM FIRST MONTHS OF 2020 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIAHQD3q
    
 Further company coverage:  CFM.MI  
   


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