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 ir@socialchain.com
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1040487 11-May-2020 CET/CEST