Brief: Netfonds Says Preliminary 2018 Gross Consolidated Revenues Up By 9 Pct To Eur 93.6 Million

Netfonds AG

26/03/2019 20:01

March 26 (Reuters) - Netfonds AG  NF4.DE :
    * FOR CURRENT FINANCIAL YEAR 2019, MANAGEMENT BOARD EXPECTS
ORGANIC GROWTH OF AROUND 12 TO 18 PERCENT
    * PRELIMINARY 2018 GROSS CONSOLIDATED REVENUES INCREASE BY
9.0
PERCENT TO EUR 93.6 MILLION
    * SIGNIFICANT EXPANSION OF ASSETS UNDER ADMINISTRATION
DESPITE
ADVERSE STOCK MARKET ENVIRONMENT
    * SEES GROSS CONSOLIDATED REVENUES OF BETWEEN EUR 105 AND
110
MILLION FOR FINANCIAL YEAR 2019
    * FOR 2019 BOARD EXPECTS ORGANIC GROWTH OF AROUND 12 TO 18
PERCENT
AND THUS GROSS CONSOLIDATED REVENUES OF BETWEEN EUR 105 AND 110
MILLION
    * FOR EBITDA, MANAGEMENT BOARD EXPECTS A TARGET VALUE OF
BETWEEN
EUR 1.8 AND 2.3 MILLION IN FINANCIAL YEAR 2019
    * FOR 2019 NET CONSOLIDATED REVENUES ARE EXPECTED WITHIN
RANGE OF
EUR 23.0 AND 24.5 MILLION
    * PRELIMINARY 2018 EBITDA WAS DOWN ON PREVIOUS YEAR AT EUR
1.1
MILLION
    * ADJUSTED FOR ONE-TIME IT INVESTMENTS, PRELIMINARY 2018
AEBITDA
INCREASED TO EUR 3.1 MILLION
    * NETFONDS SEES OPPORTUNITIES IN MARKET TO FURTHER GROW ALSO
INORGANICALLY THROUGH ACQUISITION OF COMPANIES OR PARTS OF
COMPANIES

Source text for Eikon:  ID:nEQ9tg1fva 
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