CLIQ Digital AG
CLIQ Digital AG: QUIRIN Privatbank Equity Research raises the price target to EUR 16.00 after increased company outlook for 2020 and confirms ‘BUY’ recommendation
DGAP-News: Cliq Digital AG
/ Key word(s): Research Update
Corporate News CLIQ Digital AG: QUIRIN Privatbank Equity Research raises the price target to EUR 16.00 after increased company outlook for 2020 and confirms “BUY” recommendation Dusseldorf, 9 July 2020 – The analysts of QUIRIN Privatbank Equity Research have recently published a new research update on the CLIQ Digital share (ISIN DE000A0HHJR3, GSIN A0HHJR), a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services. After the considerably increased outlook for the current financial year, communicated by the Company’s Management on 6 July 2020, QUIRIN decided to raise its price target from EUR 10.00 up to EUR 16.00. Consequently, the analysts’ recommendation has remained “BUY”. Based on the new outlook for this year, CLIQ Digital estimates gross revenues of approximately EUR 90 million, which means a growth rate of more than 40% compared to the financial year 2019, and an EBITDA of at least EUR 10 million, corresponding to approximately 75% more than the 2019 financial year. CLIQ Digital expects a stronger increase in its gross revenue and EBITDA for the year due to the high levels of marketing spend during the first six months of this financial year. During the second quarter, the Company was also able to maintain its important KPI CLIQ Factor (a key indicator for measuring the profitability of new customers) above 1.58, the number indicated in its previous outlook for this financial year 2020. The analysts of QUIRIN stated that the strong improvements of CLIQ are caused by the Company’s successful media buying strategy, combined with attractive content offerings. Furthermore, a major source of growth lies in the expected increasing marketing spend from its former outlook (EUR 26 million) to approximately EUR 30 million, which should pave the way for further growth even after full year 2020. You can find the current commentary by QUIRIN Privatbank Equity Research on the CLIQ Digital AG website under the following link: https://cliqdigital.com/blog/front-IR/analysts/ About CLIQ Digital:
09.07.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Cliq Digital AG |
Immermannstr. 13 | |
40210 Düsseldorf | |
Germany | |
E-mail: | investor@cliqdigital.com |
Internet: | www.cliqdigital.com |
ISIN: | DE000A0HHJR3 |
WKN: | A0HHJR |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1089695 |
End of News | DGAP News Service |