Brief: Netfonds Q1 EBITDA Stable At EUR 0.4 Million

Netfonds AG

18/06/2019 06:36

June 18 (Reuters) - Netfonds AG  NF4.DE :
    * DGAP-NEWS: HIGH-MARGIN PLATFORM BUSINESS MAKES NETFONDS
GROW AT
DOUBLE-DIGIT RATE IN FIRST QUARTER
    * DGAP-NEWS: HIGH-MARGIN PLATFORM BUSINESS MAKES NETFONDS
GROW AT
DOUBLE-DIGIT RATE IN FIRST QUARTER
    * Q1 NET CONSOLIDATED SALES INCREASE SIGNIFICANTLY BY 14.3
PERCENT
TO EUR 5.6 MILLION
    * Q1 EBITDA AGAIN POSITIVE AT EUR 0.4 MILLION DESPITE
PERSISTENTLY
HIGH INVESTMENTS
    * Q1 ASSETS UNDER ADMINISTRATION GROW BY 11.9 PERCENT TO EUR
13.2
BILLION
    * Q1 GROSS MARGIN AT 23.0 PERCENT
    * Q1 GROSS CONSOLIDATED SALES OF EUR 24.4 MILLION WERE 4.1
PERCENT
UP ON PREVIOUS YEAR (Q1 2018: EUR 23.4 MILLION)
    * FOR CURRENT FINANCIAL YEAR 2019, MANAGEMENT BOARD EXPECTS
ORGANIC GROWTH OF AROUND 12 TO 18 PERCENT AND THUS GROSS
CONSOLIDATED SALES OF BETWEEN EUR 105 AND 110 MILLION
    * 2019 NET SALES ARE EXPECTED TO RANGE BETWEEN EUR 23.0
MILLION
AND EUR 24.5 MILLION
    * FOR 2019 EBITDA, EXPECTS A TARGET VALUE OF BETWEEN EUR 1.8
AND
2.3 MILLION
    * SEES OPPORTUNITIES IN MARKET TO CONTINUE TO GROW
INORGANICALLY
THROUGH ACQUISITION OF COMPANIES OR PARTS OF COMPANIES
    * PROPOSE A DIVIDEND PER SHARE OF EUR 0.15 PER SHARE

Source text for Eikon:  ID:nEQ6Hhq2pa 
Further company coverage:  NF4.DE 

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