17.05.2021 artnet AG  DE000A1K0375

DGAP-News: artnet AG: Second Quarter off to a Strong Start as Artnet Auctions Achieves New Heights in April


 

DGAP-News: artnet AG / Key word(s): Development of Sales/Monthly Figures
artnet AG: Second Quarter off to a Strong Start as Artnet Auctions Achieves New Heights in April

17.05.2021 / 15:10
The issuer is solely responsible for the content of this announcement.


Second Quarter off to a Strong Start as Artnet Auctions Achieves New Heights in April

- 49% increase YoY in fee based revenue for Artnet Auctions in April

- 60% increase YoY in new buyer volumes and 65% increase in new bidder volumes YoY

- 300% increase YoY in number of works sold above $100k for 2021 YTD

Berlin/New York, May 17, 2021-Berlin-based Artnet AG, the leading provider of art market data and online-only fine art auctions announced that April 2021 was another record month for Artnet Auctions. Fee-based revenue saw an increase of 49% to $660k USD YOY. As the strongest April in Artnet Auctions' history, the latest results continued a sustained trend of record-breaking months. Nine of the last twelve months have been the strongest-ever since Artnet Auctions' founding. In the first quarter, fee-based revenue at Artnet Auctions rose by 25% year-over-year to 1.2 million USD, setting a new revenue record for a first quarter.

"The past year presented a perfect storm of market conditions in the art industry and our team has been ready to meet those conditions with expert strategy and execution," says Colleen Cash, Vice President of Auctions. "Our Post-War & Contemporary, Photographs, and Prints & Multiples teams are operating at the highest level of innovation, curation, and market savvy, and consignors, buyers, and bidders are taking notice."

Artnet Auctions has debuted a series of new initiatives in 2021 focused on client acquisition and market expansion. A webinar-based content series called "A Closer Look" connects clients to critical art market players in conversation on industry topics, and the series has garnered hundreds of attendees from across the globe. Additional initiatives focused on expanding the curatorial and market reaches of the platform have proven successful, and April's inaugural Art of the Americas sale and Africa Present sale saw scores of new bidders, buyers, and consignors across categories, geographies, and demographics.

"The online art market is at a fever pitch," says Jacob Pabst, CEO of Artnet. "More artwork is being offered and traded than ever before in the digital realm, and trust in the platform and access to quality works is critical to this growing client base. Artnet Auctions' efficiency, digitally native operation, and 24/7 offering is unmatched in the market."

Trust and access are key considerations for clients in the online market, and April saw the successful sale of Andy Warhol's Campbell Soup Cans II, (complete series of 10 works) for $456,000 as well as Aboudia's Untitled which sold for $144,000.

The spring season is well underway at Artnet Auctions, though no slowdown is in sight. The team's highly anticipated Street Level sale is open for consignments through May 20th, and perennially successful Contemporary Editions sale is open for consignments through June 2nd.

The recently published Quarterly Interim Statement for the First Quarter of 2021 is available at artnet.com/investor-relations/quarterly-reports

About Artnet

Artnet is the leading resource for buying, selling, and researching art online. Founded in 1989, Artnet's suite of industry-leading products has revolutionized the way people discover and collect art today.

The Price Database contains more than 14 million auction results from 1,900 auction houses dating back to 1985, providing an unparalleled level of transparency to the art market. The Gallery Network platform connects leading galleries with collectors from around the world, offering the most comprehensive overview of artworks for sale. Artnet Auctions was the first dedicated online marketplace for fine art, providing a seamless and efficient collecting experience for both buyers and sellers. Artnet News covers the events, trends, and people shaping the global art market with up-to-the-minute analysis and expert commentary. Artnet AG is listed in the Prime Standard of the Frankfurt Stock Exchange, the segment with the highest transparency standards.

ISIN: DE000A1K0375

LEI: 391200SHGPEDTRIC0X31

 

Contact:

Sophie Neuendorf

[email protected]



17.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: artnet AG
Oranienstraße 164
10969 Berlin
Germany
Phone: +49 (0)30 20 91 78 -0
Fax: +49 (0)30 20 91 78 -29
E-mail: [email protected]
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: 1197379

 
End of News DGAP News Service

1197379  17.05.2021 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 18,43 18,32 19,54 18,94 20,89 25,03 23,60
EBITDA1,2 0,77 1,26 1,52 1,55 0,63 -0,14 0,90
EBITDA-Marge3 4,18 6,88 7,78 8,18 3,02 -0,56
EBIT1,4 0,36 0,77 0,18 0,19 -0,75 -1,63 -0,65
EBIT-Marge5 1,95 4,20 0,92 1,00 -3,59 -6,51 -2,75
Jahresüberschuss1 0,70 1,04 -0,01 1,92 -0,80 0,12 -1,50
Netto-Marge6 3,80 5,68 -0,05 10,14 -3,83 0,48 -6,36
Cashflow1,7 1,01 1,11 1,63 2,71 0,56 2,66 0,00
Ergebnis je Aktie8 0,12 0,19 0,00 0,35 -0,09 0,02 -0,26
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
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: RSM Ebner Stolz

INVESTOR-INFORMATIONEN
©boersengefluester.de
Artnet
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1K037 5,750 Kaufen 32,81
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
19,83 21,43 0,94 147,44
KBV KCV KUV EV/EBITDA
7,62 12,33 1,31 -238,90
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 30.08.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2023 15.08.2023 16.11.2023 12.05.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-18,14% -23,71% -22,30% -27,40%
    
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Kunst , A1K037 , ART , XETR:ART