The Social Chain AG
- WKN: A1YC99
- ISIN: DE000A1YC996
- Land: Deutschland
Nachricht vom 19.05.2021 | 11:31
The Social Chain AG: SOCIAL CHAIN AG in the 1st Quarter of 2021: Revenue grows by 41 percent to EUR 70 million
DGAP-News: The Social Chain AG
/ Key word(s): Quarterly / Interim Statement/Development of Sales
SOCIAL CHAIN AG in the 1st Quarter of 2021: Revenue grows by 41 percent to EUR 70 million
Berlin, 19 May 2021. The Social Chain AG (WKN: A1YC99, ISIN DE000A1YC996) started its 2021 financial year with a strong growth in revenue. In the first three months, the Social Commerce company generated revenues of EUR 70.4m (all figures preliminary, pro forma consolidated). Compared to the 1st quarter in 2020, a surge of 41 percent (Q1 2020: EUR 49.7m). EBITDA (adjusted) also significantly recovered from minus EUR 3.4m to minus EUR 1.0m. For the current 2nd quarter, Social Chain AG expects quarterly revenue in the range of EUR 100m for the first time and a clearly positive EBITDA. Based on the successful business performance to date, Social Chain AG is increasing its revenue forecast for the 2021 financial year from EUR 320m to EUR 350m. Social Chain AG will consequently generate organic growth of around 50 percent compared to 2020 (EUR 230m).
The Social Commerce verticals with the highest revenue, "Food" (+52%) and "Home & Living" (+50%), are performing particularly well compared to the same quarter last year. After the Corona-related volatility, social media marketing returned to a steady growth rate (+14%) in 2020 overall. Due to investments in new business areas - specifically in the LINKS tech platform and the expansion of the US business - EBITDA remained slightly negative in the 1st quarter of 2021.
According to Oberhof, Social Chain AG is also well positioned for the e-commerce world after Corona: "Our ecosystem of owned brands, reach, creative marketing and technology makes us extremely resilient, especially due to our great flexibility. Social Commerce can identify consumer needs quickly and efficiently, develop products and distribute them directly to its own customer base. With an increasingly broad range of brands and products, we add value to people's lives in many key areas. Our company structure is also aligned with this focus, with four Social Commerce verticals: Food, Home & Living, Beauty, and Fitness."
The Social Chain AG: Social Commerce on a global scale
The content of this press release is for information purposes only and does not constitute investment advice or other recommendations pursuant to the German Securities Trading Act by The Social Chain AG or its affiliated companies. The information provided cannot replace investment advice. The information contained in this press release is not to be construed as an assurance of possible price developments and should not be construed as a request to enter into a transaction. The information contained herein does not constitute an offer to sell or the solicitation of an offer to sell securities or rights, or a solicitation to trade in securities or rights. Accordingly, The Social Chain AG and its affiliates make no representations or commitments as to the accuracy, completeness or correctness of the information or opinions contained herein. We assume no liability for direct or indirect damages caused by and/or in connection with the distribution and/or use of this document. The statements correspond to the status at the time of the preparation of this document. They may become obsolete due to future developments without the document being changed.
Jana Walker | Press
|Company:||The Social Chain AG|
|Phone:||+49 (0)30 208484010|
|Listed:||Regulated Unofficial Market in Dusseldorf (Primärmarkt)|
|EQS News ID:||1198383|
|End of News||DGAP News Service|
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