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DGAP-Adhoc: The Social Chain AG announces first turnover and profit forecast for the financial year 2020

eqs_en 
0 0 11.05.20
DGAP-Adhoc: The Social Chain AG announces first turnover and profit forecast for the financial year 2020
 

DGAP-Ad-hoc: The Social Chain AG / Key word(s): Forecast/Development of Sales
The Social Chain AG announces first turnover and profit forecast for the financial year 2020

11-May-2020 / 08:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Publication Pursuant to MAR Article 17

The Social Chain AG announces first turnover and profit forecast for the financial year 2020

Berlin, 11 May 2020 - The Management Board of The Social Chain AG (WKN: A1YC99, ISIN: DE000A1YC996, Ticker: PU11) (the "Company") will announce at today's (Monday) Extraordinary General Meeting the first turnover and profit forecast for the current financial year 2020 since the merger of Lumaland AG and The Social Chain Group AG in the previous financial year.

From today's perspective and based on the current business performance, the Management Board expects a pro-forma consolidated turnover of approximately 200 million Euro and a positive EBITDA of 8 million Euro.

The turnover and profit forecast reflects the assumed development of the Company's business segments from today's perspective against the background of the Covid-19-crisis.

About THE SOCIAL CHAIN AG
As the first integrated social media company, THE SOCIAL CHAIN AG combines social media and social commerce, integrated through its own tech platform LINKS. The company is a pioneer in the creation, development and scaling of social media brands. The company's headquarters are in Berlin with additional offices in Manchester, London, New York and Munich.

Contact:
Jana Walker | Investor Relations I [email protected]

11-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: The Social Chain AG
Gormannstraße 22
10119 Berlin
Germany
Phone: +49 (0)30 120840112
E-mail: [email protected]
Internet: www.socialchain.com
ISIN: DE000A1YC996
WKN: A1YC99
Listed: Regulated Unofficial Market in Dusseldorf
EQS News ID: 1040487

 
End of Announcement DGAP News Service

1040487  11-May-2020 CET/CEST

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Lumaland AG Stock

€0.016
-20.510%
Heavy losses for Lumaland AG today as the stock fell by -€0.003 (-20.510%).

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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