07.03.2017
artnet AG DE000A1K0375
DGAP-Adhoc: artnet AG: Preliminary results for 2016 below forecast
DGAP-Ad-hoc: artnet AG / Key word(s): Final Results/Preliminary Results
artnet AG: Preliminary results for 2016 below forecast
07-March-2017 / 20:03 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Disclosure of an inside information according to Article 17 MAR
artnet AG: Preliminary results for 2016 below forecast
(Berlin, March 7, 2017) Pursuant to the preliminary figures for the 2016
financial year, which is now available, artnet's business only developed
slightly positively. According to the available preliminary figures, the
Group's revenue increased from (rounded) 17.3 million EUR in 2015 to
approximately 17.4 million EUR in the 2016 financial year, representing an
increase of approximately 0.6%. Therefore, the forecast for the Group's
revenue which amounted between 18 million EUR and 19 million EUR could not
be reached. In US dollars, the Group's revenue amounted to approximately
19.2 million USD, representing an increase of approximately 0.3%, which is
below the range of the forecast of 20.0 million USD and 21.0 million USD.
The Group's net profit for the 2016 financial year of approximately 0.63
million EUR (approximately 0.70 million USD) is slightly below the net
profit from the previous financial year of approximately 0.64 million EUR
(approximately 0.71 million USD). The forecast for the Group's net profit
for the 2016 financial year amounted to 0.9 million EUR and 1.2 million EUR
(1.0 million USD to 1.3 million USD).
Cash reserves for the Group increased from approximately 1.0 million EUR to
1.1 million EUR and is within the forecasted range. In US dollars, cash
reserves remained the same at approximately 1.1 million USD.
The final audited annual statements and the consolidated annual statements
will presumably be published on March 24, 2017.
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Language: English
Company: artnet AG
Oranienstraße 164
10969 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
End of Announcement DGAP News Service
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551417 07-March-2017 CET/CEST
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