DGAP-Ad-hoc: Fyber N.V. / Key word(s): Change in Forecast
Fyber N.V.: Guidance update for full year 2019
22-Aug-2019 / 19:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Fyber N.V. ("Fyber" or the "Company", FSE:FBEN) is announcing a change to
its revenue and adjusted EBITDA guidance for 2019. The change comes mainly
as a result of the decline in revenue stemming from the Offer Wall ad
format, the biggest contributor to Fyber's non-programmatic business. The
decrease results from a recent change in Apple's App Store policies banning
app install ad campaigns within the Offer Wall format for apps published
through their store. The ban went into effect in the course of the first
half of 2019. Furthermore, although the core programmatic business with
existing clients is in line with yearly expectations, the Company
experienced delays in the ramp up of business with new clients during the
first half of the year.
As a result of both the external and internal factors, the Company is
updating the previously communicated revenue guidance from EUR155 to EUR175
million to a range of EUR130 to EUR135 million for the full year 2019.
Despite the change in revenue outlook, the Company still expects to achieve
an adjusted EBITDA above break-even (previously: break-even to EUR5 million)
largely based on the Company's careful management of cost and resource
allocation and realized cost saving initiatives.
Further details will be provided with the release of the interim financial
statements for the first half of 2019 on 28 August 2019.
*Notifying person*
Yaron Zaltsman, CFO
*Investor Contact *
Sabrina Kassmannhuber
ir@fyber.com
+49 30 609 855 555
22-Aug-2019 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.
Wallstr. 9-13
10179 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
EQS News ID: 862005
End of Announcement DGAP News Service
862005 22-Aug-2019 CET/CEST
(END) Dow Jones Newswires
August 22, 2019 13:40 ET (17:40 GMT)
