DGAP-Ad-hoc: Fyber N.V. / Key word(s): Change in Forecast
Fyber N.V.: Guidance update for full year 2019
21-Nov-2019 / 19:30 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.
*Berlin, 21 November 2019 - Fyber N.V. ("Fyber" or the "Company", FSE:FBEN)*
is announcing a further change to its revenue and adjusted EBITDA guidance
for the full year 2019. The previously stated reasons took further effect on
the Company's business, which could not be offset with adequate growth from
other areas of business.
Fyber's revenue from its non-programmatic business, particularly gross
revenue stemming from the Offer Wall ad format, decreased due to a recent
change in Apple's policy banning certain ad campaign types within this ad
format for apps published through their app store.
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 past quarter.
The Company therefore adjusts its revenue guidance from EUR130 - EUR135
million to around EUR120 million for the full year 2019 as well as the
guidance for adjusted EBITDA from above break-even to around EUR-3 million.
Further details will be provided with the release of the interim financial
statements for the first nine months of 2019 on 27 November 2019.
*Notifying person*
Yaron Zaltsman, CFO
*Investor Contact *
Sabrina Kassmannhuber
ir@fyber.com
+49 30 609 855 555
21-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
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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: 919227
End of Announcement DGAP News Service
919227 21-Nov-2019 CET/CEST
(END) Dow Jones Newswires
November 21, 2019 13:30 ET (18:30 GMT)
