Smartbroker Holding AG

Earnings Release • Sep 5, 2023

News Details

Ad-hoc | 5 September 2023 11:48

Smartbroker Holding AG publishes preliminary financials for H1 2023 and adjusts full-year guidance

Smartbroker Holding AG / Key word(s): Half Year Results/Change in Forecast

Smartbroker Holding AG publishes preliminary financials for H1 2023 and adjusts full-year guidance

05-Sep-2023 / 11:48 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Smartbroker Holding AG publishes preliminary financials for H1 2023 and adjusts full-year guidance

During the first six months of its fiscal year 2023 (1 January to 30 June 2023), Smartbroker Holding AG achieved preliminary group revenues of €23.4 million (H1 2022: €27.7 million, change: -15.5%) and a preliminary EBITDA* after Smartbroker client acquisition cost of €1.7 million (H1 2022: €4.6 million, change: -63.3%).

The reduction is attributable to the persistently challenging equity market environment (war in Ukraine, inflation, increased interest rates), as well as the continuously low market volatility, which had an impact on the Group’s overall business, and particularly affected its Media division.

Based on this development, the Company is updating its guidance for the full year 2023 and now expects revenues of between €46 million and €51 million (previous guidance: €51 million – €56 million), as well as consolidated EBITDA* after customer acquisition costs between minus €1 million and plus €1 million (previous guidance: €1 million – €4 million) on the group level.

* EBITDA is calculated as follows: Earnings before interest, taxes, depreciation and amortisation.

Notifying person: André Kolbinger, CEO

End of Inside Information

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05-Sep-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	Smartbroker Holding AG
	Ritterstraße 11
	10969 Berlin
	Germany
Phone:	+49 (0)30 20 456 500
Fax:	+49 (0)30 20 456 500
E-mail:	info@smartbroker-holding.de
Internet:	www.smartbroker-holding.de
ISIN:	DE000A2GS609
WKN:	A2GS60
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1719239

End of Announcement	EQS News Service