The Swedish specialist for digital advertising and game development Verve Group begins his debut in the SDAX with a forecast.
The net turnover will be 485 to 515 euros in the current year, the company announced on Thursday evening. Verve had previously assumed 530 to 565 million euros. The adjusted EBITDA (profit before interest, taxes and depreciation) should now reach 125 to 140 million euros (previously: 155 to 175 million euros).
The reduction of the forecast is due to two factors, it was said. On the one hand, a unique effect due to clearer technical problems in connection with the platform association, which directly affected sales. On the other hand, the exchange rate development has developed significantly worse than expected.
Verve had only been included in the minor index SDAX on July 11th for 1 & 1. The company is listed in the General Standard, which does not have as high transparency requirements as the Prime Standard.
The Swede’s verve share loses 18.72 percent compared to the Xetra closing price on Thursday in post-excessive trading on the trading platform Tradegate and falls to 1.91 euros.
/He/ajx
Stockholm (dpa-Afx)
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