DGAP-Adhoc: ad pepper media International N.V.: Weaker Q2 expected and revised outlook
DGAP-Ad-hoc: ad pepper media International N.V. / Key word(s): Quarter Results/Change in Forecast
ad pepper media International N.V.: Weaker Q2 expected and revised outlook
30-Jun-2022 / 10:44 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.
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ad pepper media International N.V.: Weaker Q2 expected and revised outlook
Nuremberg, Amsterdam, 30 June 2022
ad pepper Group, one of Europe’s leading performance marketing companies, publishes an update for the second quarter of 2022 and provides an initial outlook for the second half of the year.
With macroeconomic conditions having deteriorated in the second quarter, supply chain issues persisting and consumer confidence in the UK and the EU dipping further in the month of June, the Board of Directors believes that the Q2 2022 revenue forecast published on 22 April 2022 of EUR 6,300k to EUR 6,500k needs to be revised: in view of the current circumstances, management now expects Group revenue of around EUR 5,900k (Q2 2021: EUR 6,516k).
According to the Company, a quick recovery of the macroeconomic environment is not in sight. For the second half of the year, the management rather believes that the general conditions will be more difficult than initially assumed. As a result, Group revenue is expected to stay below the previous year’s levels in both the third and the fourth quarter.
The report for the second quarter of 2022 will be published on 25 August 2022.
For more information:
Dr Jens Körner (CEO)
ad pepper media International N.V.
+49 (0) 911 929057-0
ir@adpepper.com
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1387483 30-Jun-2022 CET/CEST