Q1 2024 Results Revealed: CLIQ Digital's Performance Breakdown

• CLIQ Digital AG reports a significant decline in performance for Q1 2024 due to difficult market conditions, with sales decreasing by 13% to €73m and normalised EBITDA down 55% to €5m.
• The company has launched a group-wide transformation programme focusing on further diversification of sales channels.
• The revised outlook for FY 2024 includes sales between €300m-€330m, EBITDA between €26m-€30m, and total customer acquisition costs between €120-€140 million.
• The company's customer acquisition costs for Q1 2024 amounted to €31 million, a decrease from €34 million in Q4 2023.
• The company has initiated a share buyback programme, repurchasing 64,800 treasury shares at an average share price of €17.50 in Q1 2024.
• The company's CEO, Luc Voncken, acknowledges the disappointing performance in Q1 2024 due to tougher market conditions and weaker sales, but expresses confidence in the company's recovery and ability to meet the revised 2024 guidance.

The next important date, Video conference financial report Q1 2024, at Cliq Digital is on 08.05.2024.

The price of Cliq Digital at the time of the news was 8,5600EUR and was down -0,12 % compared with the previous day.
13 minutes after the article was published, the price was 8,4200EUR this corresponds to a minus of -1,64 % since publication.

Cliq Digital

-4,06 %

-4,73 %

-48,85 %

-53,97 %

-66,69 %

-74,29 %

+245,31 %

+163,47 %

-40,07 %

ISIN:DE000A35JS40WKN:A35JS4

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