Brief: New Work Expects FY24 Pro Forma Revenues Between EUR 270 Mln And EUR 280 Mln

New Work SE

11/01/2024 11:34

Jan 11 (Reuters) - NEW WORK SE  NWOn.DE :
    * NEW WORK SE: EXECUTIVE BOARD DECIDES ON INVESTMENT PROGRAM
AND
GROUP RESTRUCTURING | OUTLOOK FOR 2024 | DIVIDEND AND MEDIUM TO
LONG-TERM FINANCIAL TARGETS
    * NEW WORK SE - EXPECTS PRO FORMA EBITDA IN A CORRIDOR OF
EUR 55
MILLION TO EUR 65 MILLION (EXPECTED PRO FORMA EBITDA FINANCIAL
YEAR 2023: EUR 92-100 MILLION)
    * NEW WORK SE - IN MEDIUM TERM, EXECUTIVE BOARD CONTINUES TO
AIM
FOR A PRO FORMA EBITDA MARGIN OF AT LEAST 30%
    * NEW WORK SE-EXPECTED DECLINE IN EARNINGS IN 2024 IS
PRIMARILY
DUE TO ANTICIPATED DECLINE IN B2C SEGMENT REVENUES
    * NEW WORK SE - REPOSITIONING OF XING PLATFORM AS A JOBS
NETWORK
IS TO BE ACCELERATED THROUGH ADDITIONAL MARKETING EXPENSES FROM
CURRENT YEAR 2024
    * NEW WORK SE - EXPECTS PRO FORMA REVENUES IN 2024 BETWEEN
EUR 270
MILLION AND EUR 280 MILLION
    * NEW WORK SE - COMPANY PLANS TO TEMPORARILY PROPOSE A
DIVIDEND OF
AT LEAST EUR 1 PER SHARE
    * NEW WORK SE - THE COMPANY PLANS TO TEMPORARILY PROPOSE A
DIVIDEND OF AT LEAST EUR 1 PER SHARE UNTIL THE LEVEL OF
PROFITABILITY PRIOR TO THE GROUP'S REORGANIZATION IS REACHED
AGAIN
    * NEW WORK SE - APPROVED AN INVESTMENT PROGRAM PRESENTED BY
EXECUTIVE BOARD AND A COMPREHENSIVE RESTRUCTURING OF
ORGANIZATIONAL STRUCTURE
    * NEW WORK SE - INTENDS TO INVEST FURTHER IN EMPLOYER REVIEW
PLATFORM KUNUNU TO EXPAND ITS STRONG MARKET POSITION

Source text for Eikon:  ID:nEQbvhpPda 
Further company coverage:  NWOn.DE 

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