DGAP-Ad-hoc: Fyber N.V. / Key word(s): Change in Forecast/Strategic Company
Decision
Fyber N.V.: FYBER UPDATES ITS REVENUE GUIDANCE
30-Oct-2017 / 11:09 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.
BERLIN, Germany, 30 October 2017 - Fyber N.V. ("Fyber" or the "Company") is
announcing a change to its revenue guidance for 2017 and 2018. The change
comes as a result of Fyber's clean marketplace initiative, which includes
moving away from aggregated supply by closing down specific partners and
focusing primarily on direct publisher integrations. This initiative is part
of a comprehensive set of actions taken by the Company's new management as
part of the ongoing merger process of Fyber's subsidiaries and the upcoming
launch of its unified product.
As a result of this initiative, the Company is updating the previously
communicated revenue guidance from EUR280 to around EUR240 million for year
2017 and from EUR360 million to at least EUR300 million for 2018. Despite
the change in revenue outlook, the Company's focus on cost effectiveness and
the synergies realized through the merger, the company expects to maintain
its profitability both in H2 2017 and in 2018. The adjusted EBITDA forecast
for H2 2017 is projected to be at least EUR4 million (updated from the
previously stated EUR7 million). There is no anticipated change to the 2018
EBITDA projections which are expected to remain at least EUR15 million.
*Investor Contact*
Sabrina Kassmannhuber
ir@fyber.com
+49 30 609 855 555
30-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Fyber N.V.
Johannisstr. 20
10117 Berlin
Germany
Phone: +49 30 609 855 528
E-mail: governance@fyber.com
Internet: https://investors.fyber.com/
ISIN: NL0012377394
WKN: A2DUJD
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Tradegate Exchange
End of Announcement DGAP News Service
623641 30-Oct-2017 CET/CEST
(END) Dow Jones Newswires
October 30, 2017 06:09 ET (10:09 GMT)
