The Social Chain AG
The Social Chain AG: Successfully profitable: Social Chain AG achieves revenues of around EUR 620 million and more than EUR 20 million EBITDA in 2021
DGAP-News: The Social Chain AG
/ Key word(s): Development of Sales
Successfully profitable: Social Chain AG achieves revenues of around EUR 620 million and more than EUR 20 million EBITDA in 2021 – Revenue EUR 620m Guidance announcement for the full year 2022 to be announced at the Capital Markets Day on 9 March 2022 “Social Chain AG is solidly profitable – even before special effects adjustments,” summarises CEO Wanja S. Oberhof. “We successfully implemented several extraordinarily large specialist projects in 2021: The merger with DS Group, the uplisting to the Prime Standard and the associated IFRS conversion. This makes me proud and I thank our entire team of 1,400 employees for their outstanding performance. Our vision for 2022 is clear: to put all the power of our Social Commerce knowledge into building our own brands and products, first and foremost into our flagship brands KoRo, CLASEN BIO, LANDMANN, URBANARA and BEEM.” The process of converting to IFRS is still underway and the final numbers will be published at the Capital Market Day on 9 March 2022. “Behind us lies an exciting and eventful year 2021. It was marked by important decisions with which we laid the organisational foundation to launch our scalable Social Commerce vision. We are thus changing our business focus from growth to sustainable profitability. My guiding principle as CFO is clear: planability, sustainability, solidity,” analyses CFO Christian Senitz, referring to current studies on the overall Social Commerce market. Current study: Social Commerce will become a trillion-dollar market by 2025
The invitation will be sent shortly. Press Contact: The Social Chain AG
About The Social Chain AG: Social Commerce at a Global Scale www.socialchain.com 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.
21.02.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | The Social Chain AG |
Gormannstraße 22 | |
10119 Berlin | |
Germany | |
Phone: | +49 (0)30 208484010 |
E-mail: | contact@socialchain.com |
Internet: | www.socialchain.com |
ISIN: | DE000A1YC996 |
WKN: | A1YC99 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1284613 |
End of News | DGAP News Service |