29.02.2016
artnet AG DE000A1K0375
DGAP-Adhoc: artnet AG: Preliminary results for 2015 - Forecast regarding net profit significantly exceeded, revenue in euro increased by more than 20%
artnet AG / Key word(s): Preliminary Results/Final Results
29.02.2016 17:37
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad-Hoc-Announcement Pursuant to § 15 WpHG
artnet AG: Preliminary results for 2015 - Forecast regarding net profit
significantly exceeded, revenue in euro increased by more than 20%
(Berlin, February 29, 2016) Pursuant to the preliminary figures for the
2015 financial year, which is now available, artnet's business developed
positively. The group net profit for the 2015 financial year of
approximately 0.64 million EUR (approximately 0.71 million USD) is
significantly above the net profit from the previous financial year of
approximately -3.05 million EUR (approximately -3.9 million USD). The
forecast for the group's net profit for the financial year of 2015 was
between 0.1 million EUR and 0.4 million EUR (0.1 million USD to 0.5 million
USD), and was also exceeded significantly.
According to the available preliminary figures, group revenue increased
from (rounded) 13.9 million EUR in 2014 to approximately 17.3 million EUR
in the financial year of 2015, representing an increase of approximately
24%. The forecast for group revenue, which indicated an increase from the
2014 results, was between 15.5 million EUR and 16.3 million EUR, and also
exceeded significantly. However, this is largely due to exchange rate
effects. In US dollar, group revenue amounted to approximately 19.2 million
USD and were within the range of the forecast between 19.0 million USD and
20.0 million USD, representing an increase of approximately 4%.
In contrast to a forecasted slight increase for the 2015 financial year,
cash reserves of the group decreased from approximately 1.18 million EUR to
approximately 0.94 million EUR. In US dollar, cash reserves decreased from
1.44 million USD to 1.08 million USD. The decrease is due to the repayment
of short-term and long-term debt.
The final audited annual statements and the consolidated annual statements
will presumably be published on March 31, 2016.
29.02.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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
End of Announcement DGAP News-Service
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