DGAP-News wallstreet:online AG: Details on raised forecast, the strong development in the segment finance portals and the Smartbroker
DGAP-News: wallstreet:online AG / Key word(s): Forecast/Change in Forecast
wallstreet:online AG: Details on raised forecast, the strong development in the segment finance portals and the Smartbroker
- Target EBITDA in the highly profitable segment of financial portals of EUR 10 million (previously EUR 8 million)
- Value driver Smartbroker grows faster than expected: approx. 83,000 customers by the end of the year (previously 60,000)
Berlin, 18 September 2020 - On September 16, 2020 wallstreet:online AG (ISIN DE000A2GS609) raised significantly its forecast for the current fiscal year. This is due to the strong operational development in the segment of financial portals and the significantly faster than expected establishment of the Smartbroker among Germany's online brokers.
"We currently do not see any negative impact of the global economic crisis caused by the Corona pandemic on our Group. On the contrary", says Stefan Zmojda, CEO of wallstreet:online AG. "With low interest rates, expansive monetary policy measures by central banks and major economic stimulus packages, the topics investments and stocks are gaining relevance. The wallstreet:online group benefits from this not only as the largest publisher-independent financial online plattforms in the German-speaking world, but also in its successful entry into the online brokerage market. The Smartbroker with its scalable business model is increasingly becoming the value driver for the entire group."
In its segment of financial online platforms, the w:o Group benefits from increasing user numbers and advertising revenues. Since the beginning of the year, the reach of the platforms has increased from 200 million page impressions per month to around 300 million and has stabilized at this high level. As a result, wallstreet:online expects an operating result (EBITDA*) of EUR 10 million (previously EUR 8 million) in this segment.