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    AXELF   DE0005501357

AXEL SPRINGER SE

(AXELF)
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Axel Springer SE Withdraws Earnings Forecast for 2020 Due to Corona Crisis

03/23/2020 | 01:16pm EST

The Executive Board of Axel Springer SE withdraws its previous forecast for the 2020 financial year. From today's perspective, the Executive Board assumes with sufficient probability that the forecast will be significantly missed due to the likely effects of the Corona crisis. This affects revenues, adjusted EBITDA and adjusted EBIT of all three operating segments, Classifieds Media, News Media and Marketing Media which will turn out worse than previously expected. Due to the current uncertainties about the further development of the Corona crisis and its effects, the Executive Board believes that it is currently not possible to make a sufficiently reliable concrete new forecast for the financial year 2020.


© S&P Capital IQ 2020
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Financials
Sales 2019 3 112 M 3 553 M 3 553 M
Net income 2019 99,6 M 114 M 114 M
Net Debt 2019 1 953 M 2 230 M 2 230 M
P/E ratio 2019 75,9x
Yield 2019 1,66%
Capitalization 7 066 M 8 585 M 8 067 M
EV / Sales 2018 2,11x
EV / Sales 2019 2,78x
Nbr of Employees 16 120
Free-Float -
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Managers and Directors
Mathias Döpfner Chief Executive Officer
Julian Deutz Chief Financial & Human Resources Officer
Ralph Max Büchi Chairman-Supervisory Board
Stephanie Caspar President-Technology & Data
Friede Springer Deputy Chairman-Supervisory Board
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