Pantaflix AG - Management Reports 2022

News Details

Ad-hoc | 20 December 2022 12:00

PANTAFLIX AG adjusts forecast for the financial year 2022

PANTAFLIX AG / Key word(s): Change in Forecast

PANTAFLIX AG adjusts forecast for the financial year 2022

20-Dec-2022 / 12:00 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.

PANTAFLIX AG adjusts forecast for the financial year 2022

Munich, 20 December 2022. The Management Board of PANTAFLIX AG (ISIN: DE000A12UPJ7 ) today adjusted the forecast for the full year 2022 based on current information and expectations for the business development. The main reasons for the adjustment of the sales and earnings forecast are the negative effects of a further deterioration of the macroeconomic environment and the related lower project volumes in the subsidiaries as well as project postponements to the financial year 2023. In addition, the earnings development is burdened by necessary special write-offs on film and series developments in the current financial year.

After assessing the impact of these effects, which were not foreseeable at the time of publication of the full-year forecast, the Management Board of PANTAFLIX AG now expects consolidated revenue in the range of EUR 18.0 million to EUR 19.0 million (previously: at least EUR 22.0 million), total operating performance of at least EUR 21 million, and EBIT in the range of EUR -7.0 million to EUR -6.5 million (previously: EUR -4.5 million to EUR -2.5 million) for the 2022 financial year. For the financial year 2023, the PANTAFLIX Group continues to plan for a significant increase in revenue compared to the current financial year.

20 December 2022

The Management Board

Investor Relations

CROSS ALLIANCE communication GmbH

Susan Hoffmeister

Tel.: +49 (0)89 1250903-30

E-Mail: [email protected]

Website: www.crossalliance.de

20-Dec-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	PANTAFLIX AG
	Holzstraße 30
	80469 Munich
	Germany
Phone:	+49 89 2323 85 50
Fax:	+49 89 2323 85 519
E-mail:	[email protected]
Internet:	www.pantaflixgroup.com
ISIN:	DE000A12UPJ7
WKN:	A12UPJ
Indices:	Scale 30
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange; BX
EQS News ID:	1517727