23.03.2020 Axel Springer SE  DE0005501357

DGAP-Adhoc: Axel Springer SE: Forecast for 2020 fiscal year withdrawn due to Corona crisis


 

DGAP-Ad-hoc: Axel Springer SE / Key word(s): Change in Forecast
Axel Springer SE: Forecast for 2020 fiscal year withdrawn due to Corona crisis

23-March-2020 / 19:16 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.


The Executive Board of Axel Springer SE withdraws its previous forecast for the 2020 financial year. From today's perspective, the Executive Board assumes with sufficient probability that the forecast will be significantly missed due to the likely effects of the Corona crisis. This affects revenues, adjusted EBITDA and adjusted EBIT of all three operating segments, Classifieds Media, News Media and Marketing Media which will turn out worse than previously expected.

According to the previous, now withdrawn forecast for the 2020 fiscal year, the Executive Board of Axel Springer SE expected the group's revenues to remain on the prior year-level. For the adjusted EBITDA, the Executive Board expected a decline in the low to mid double-digit percentage range due to increased investments in future growth. For the adjusted EBIT, the Executive Board expected a significant decline compared to the prior year due to higher depreciation, amortization and impairment.

Due to the current uncertainties about the further development of the Corona crisis and its effects, the Executive Board believes that it is currently not possible to make a sufficiently reliable concrete new forecast for the financial year 2020.

Furthermore, the Executive Board has decided to cancel the Ordinary Shareholders' Meeting convened for 22 April 2020. Also this decision is based on the Corona crisis and the restrictions imposed on meetings by the SARS-CoV-2 Containment Ordinance of the State of Berlin. The Ordinary Shareholders' Meeting is now expected to take place in the second half of June 2020. From today's perspective, the Executive Board intends to maintain the proposed dividend of EUR 1.16 per qualifying share.

Contact:
Daniel Fard-Yazdani
Head of Investor Relations
+49 30 2591-77425
[email protected]


23-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Axel Springer SE
Axel-Springer-Straße 65
10888 Berlin
Germany
Phone: +49 (0)30 2591-77425
Fax: +49 (0)30 2591-77422
E-mail: [email protected]
Internet: www.axelspringer.de
ISIN: DE0005501357, DE0005754238,
WKN: 550135, 575423,
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1004383

 
End of Announcement DGAP News Service

1004383  23-March-2020 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA1,2 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA-Marge3 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT1,4 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT-Marge5 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Jahresüberschuss1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Netto-Marge6 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Cashflow1,7 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Ergebnis je Aktie8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer:

INVESTOR-INFORMATIONEN
©boersengefluester.de
WKN Kurs in € Einschätzung Börsenwert in Mio. €
0,000 0,00
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,00 0,00
KBV KCV KUV EV/EBITDA
0,00 0,00 0,00 0,00
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,00 0,00
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,00% 0,00% 0,00% 0,00%
    
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Medien (Verlag/TV) , 550135 , SPR , XETR:SPR