PRESS RELEASE : Cliq Digital AG: New research coverage by Pareto Securities with a Buy recommendation and ?70 target price

DGAP-News: Cliq Digital AG / Key word(s): Research Update 
Cliq Digital AG: New research coverage by Pareto Securities with a Buy recommendation and ?70 target price 
2021-08-12 / 11:30 
The issuer is solely responsible for the content of this announcement. 
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  . Median consensus target price increases to ?61.50 (previously ?57.75) 
  . Total coverage by seven reputable brokers 
CLIQ Digital AG (CLIQ.DE, ISIN: DE000A0HHJR3, WKN: A0HHJR), a leading digital lifestyle company, which provides 
streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, sports, movie and 
games content, is pleased to announce the expansion of its research coverage from six to seven reputable research 
companies with Pareto Securities initiating coverage with a Buy rating and a target price of ?70.00. 
Tim Schuldt, Head of Research Germany, writes in today's published initiation report "We expect the company to continue 
its strong growth trajectory in the coming years, driven by a strong market growth, geographical expansion, greater 
sales densities and market share growth. Scale effects, improving payment terms and optimized ad buying should result 
in a >3x increase in the EPS until FY 2023." Furthermore, "the efficiency of CLIQ Digital's marketing spending, has 
continuously improved over the last years is in our view a sign that the growth potential for CLIQ could be further 
improved without having to compromise on profitability." 
Pareto Securities is an independent full-service investment bank with a leading position in the Nordic capital markets 
and a strong international presence and global placing power. Pareto Securities is headquartered in Oslo, Norway, with 
more than 450 employees located in offices in Norway, Sweden, Denmark, Finland, United Kingdom, Germany, Switzerland, 
USA, Singapore and Australia. 
CLIQ Digital shares are now covered by a total of seven reputable research companies: 
Analyst            Recommendation Target price /  Target / FV 
                                  Fair value (FV) market cap 
Hauck & Aufhäuser       BUY                ?61.50       ?400m 
Kepler Cheuvreux        HOLD               ?27.00       ?176m 
Montega                 BUY                ?54.00       ?351m 
Pareto                  BUY                ?70.00       ?456m 
Quirin                  BUY                ?73.00       ?475m 
Warburg                 BUY                ?52.00       ?338m 
Edison                  n/a                ?65.01       ?423m 
MEDIAN                                     ?61.50       ?400m 

As at 12 August 2021

Research studies are available at: https://cliqdigital.ag/investors/financials#investors-financials-analysts

Financial calendar 2021:

3Q/9M 2021 Financial Statement & earnings call  Tuesday 2 November 2021 

For further information, please contact

CLIQ Digital AG

Investor Relations

Sebastian McCoskrie

[phone]

[e-mail]

www.cliqdigital.ag/investors

Deekeling Arndt Advisors in Communications GmbH (PR advisor)

Daniela Münster

[phone]

[e-mail]

www.deekeling-arndt.com

About CLIQ Digital:

CLIQ Digital (www.cliqdigital.com) is a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, games, sports and movie content. The company has a long-standing and successful history in expert digital marketing and offering niche products for the mass market at competitive prices. CLIQ Digital operates in over 30 countries and employs staff of 100 from 29 different nationalities as at 31 December 2020. The company is a valuable strategic business partner for networks, content producers as well as for publishers and payment service providers. CLIQ Digital is headquartered in Düsseldorf and has offices in Amsterdam, London, Paris, Barcelona and Tequesta, Florida. The company is listed in the Scale segment of the Frankfurt Stock Exchange (ISIN DE000A0HHJR3) and is a constituent of the MSCI World Micro Cap Index. -----------------------------------------------------------------------------------------------------------------------

2021-08-12 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------

Language:     English 
Company:      Cliq Digital AG 
              Grünstraße 8 
              40212 Düsseldorf 
              Germany 
E-mail:       [e-mail] 
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:  1226018 
 
End of News   DGAP News Service 
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1226018 2021-08-12

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(END) Dow Jones Newswires

August 12, 2021 05:30 ET (09:30 GMT)