EQS-Adhoc: artnet AG: artnet publishes preliminary figures for the third quarter of 2024 and adjusts forecast for the financial year 2024
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EQS-Ad-hoc: artnet AG / Key word(s): Change in Forecast/Change in Forecast Publication of inside information pursuant to Art. 17 of Regulation (EU) No. 596/2014 (MAR) New York/Berlin, November 7, 2024 – Based on preliminary, unaudited figures for the third quarter of 2024, artnet AG ("Company") expects revenues of EUR 16.2 million (Q3 2023: EUR 17.1 million) and an operating result (EBIT) of EUR -1.4 million (Q3 2023: USD -1.5 million). Based on these figures, the Company decided today to adjust its forecast for the 2024 financial year. The company's forecast for consolidated sales remains unchanged at EUR 25.0 million to EUR 27.0 million. However, the Company now expects to achieve an operating result of only between EUR 0 and EUR 0.5 million in the financial year 2024 (previously: EUR 0.75 million to EUR 1.5 million). The forecast adjustment was necessary because the management board no longer expects the operating result to reach the originally targeted level due to the macroeconomic environment, in particular the current difficult conditions on the art market. The publication of the quarterly statement for the third quarter of 2024, originally scheduled for November 8, 2024, is now to take place on November 11, 2024, due to the forecast adjustment. Contact: Sophie Neuendorf VICE PRESIDENT, INVESTOR RELATIONS End of Inside Information
07-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | artnet AG |
| Niebuhrstr. 78 | |
| 10629 Berlin | |
| Germany | |
| Phone: | +49 (0)30 20 91 78 -0 |
| Fax: | +49 (0)30 20 91 78 -29 |
| E-mail: | [email protected] |
| Internet: | www.artnet.de |
| ISIN: | DE000A1K0375 |
| WKN: | A1K037 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2025337 |
| End of Announcement | EQS News Service |
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2025337 07-Nov-2024 CET/CEST
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