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    artnet AG: artnet publishes preliminary figures for the third quarter of 2024 and adjusts forecast for the financial year 2024

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    • artnet AG reports Q3 2024 revenues of EUR 16.2M.
    • Operating result forecast adjusted to EUR 0-0.5M.
    • Q3 statement publication postponed to November 11, 2024.

    EQS-Ad-hoc: artnet AG / Key word(s): Change in Forecast/Change in Forecast
    artnet AG: artnet publishes preliminary figures for the third quarter of 2024 and adjusts forecast for the financial year 2024

    07-Nov-2024 / 19:54 CET/CEST
    Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.


    Publication of inside information pursuant to Art. 17 of Regulation (EU) No. 596/2014 (MAR)

    artnet publishes preliminary figures for the third quarter of 2024 and adjusts forecast for the financial year 2024; postponement of the publication date of the Q3 quarterly statement

     New York/Berlin, November 7, 2024 – Based on preliminary, unaudited figures for the third quarter of 2024, artnet AG ("Company") expects revenues of EUR 16.2 million (Q3 2023: EUR 17.1 million) and an operating result (EBIT) of EUR -1.4 million (Q3 2023: USD -1.5 million). Based on these figures, the Company decided today to adjust its forecast for the 2024 financial year. The company's forecast for consolidated sales remains unchanged at EUR 25.0 million to EUR 27.0 million. However, the Company now expects to achieve an operating result of only between EUR 0 and EUR 0.5 million in the financial year 2024 (previously: EUR 0.75 million to EUR 1.5 million). The forecast adjustment was necessary because the management board no longer expects the operating result to reach the originally targeted level due to the macroeconomic environment, in particular the current difficult conditions on the art market.

    The publication of the quarterly statement for the third quarter of 2024, originally scheduled for November 8, 2024, is now to take place on November 11, 2024, due to the forecast adjustment.


    Contact:
    Sophie Neuendorf
    VICE PRESIDENT, INVESTOR RELATIONS

    End of Inside Information

    07-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.eqs-news.com


    Language: English
    Company: artnet AG
    Niebuhrstr. 78
    10629 Berlin
    Germany
    Phone: +49 (0)30 20 91 78 -0
    Fax: +49 (0)30 20 91 78 -29
    E-mail: info@artnet.de
    Internet: www.artnet.de
    ISIN: DE000A1K0375
    WKN: A1K037
    Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange
    EQS News ID: 2025337

     
    End of Announcement EQS News Service

    2025337  07-Nov-2024 CET/CEST

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    EQS-Adhoc artnet AG: artnet publishes preliminary figures for the third quarter of 2024 and adjusts forecast for the financial year 2024 EQS-Ad-hoc: artnet AG / Key word(s): Change in Forecast/Change in Forecast artnet AG: artnet publishes preliminary figures for the third quarter of 2024 and adjusts forecast for the financial year 2024 07-Nov-2024 / 19:54 CET/CEST Disclosure of an …