Brief: New Work H1 Pro Forma EBITDA Up By 2% To EUR 53.5 Mln

New Work SE

11/08/2022 06:38

Aug 11 (Reuters) - NEW WORK SE  NWOn.DE :
    * THE SALES FORECAST INCREASES SLIGHTLY: NEW WORK SE IS NOW
TARGETING SALES GROWTH IN THE LOW DOUBLE-DIGIT PERCENTAGE RANGE
FOR THE 2022 FINANCIAL YEAR
    * REVENUE GROWS BY 12 PERCENT
    * H1 REVENUES INCREASED DOUBLE-DIGIT YEAR-ON-YEAR BY 12
PERCENT TO
€152.6 MILLION (€136.2 MILLION)
    * AT €24.3 MILLION, H1 PRO-FORMA CONSOLIDATED EARNINGS WERE
DOWN
1.7 PERCENT ON THE PREVIOUS YEAR (€26.0 MILLION) DUE TO ONE-OFF
DEPRECIATION INCURRED IN CONNECTION WITH THE REALIGNMENT OF THE
XING PLATFORM
    * H1 PRO FORMA CONSOLIDATED NET INCOME WAS DOWN 1.7 PERCENT
ON THE
PREVIOUS YEAR (€26.0 MILLION) AT €24.3 MILLION
    * H1 PRO FORMA EBITDA ROSE BY 2 PERCENT TO €53.5 MILLION
(€52.6
MILLION)
    * OUTLOOK REMAINS POSITIVE, PARTICULARLY DUE TO THE
WORSENING
LABOR SHORTAGE, WHICH THE COMPANY IS BENEFITING FROM WITH ITS
E-RECRUITING SOLUTIONS
    * NEW WORK SE IS NOW TARGETING REVENUE GROWTH IN THE LOW
DOUBLE-DIGIT PERCENTAGE RANGE FOR FISCAL YEAR 2022

Further company coverage:  NWOn.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))