DGAP-Ad-hoc: Fyber N.V. / Key word(s): Preliminary Results/Change in Forecast Fyber N.V.: announces preliminary financials for Q4 2020 and for FY2020 & provides upgraded guidance for FY2021 11-Jan-2021 / 07:43 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. *Fyber announces preliminary financials for Q4 2020 and for FY2020 & provides upgraded guidance for FY2021* Fyber N.V. ("Fyber" or the "Company", FSE:FBEN) is announcing preliminary unaudited financials for Q4 2020 and for the full year 2020 as well as an upgraded revenue and profitability guidance for the full year 2021. According to preliminary figures, the Company achieved a revenue of &euro89 million in Q4 2020, which corresponds to a 145% year-over-year ("YoY") growth, at an adjusted EBITDA* of &euro5 million (adjusted EBITDA* Q4 2019: &euro0.6 million). The Company's revenue for the full year 2020 increased by 76% YoY to &euro210 million, driven by a YoY increase in its programmatic business of more than 115%. The adjusted EBITDA* amounted to approximately &euro5 million (adjusted EBITDA* 2019: &euro-2.7 million). The Company expects to maintain double digit revenue growth for the current year and therefore upgrades the guidance for 2021 to a revenue between &euro275 million and &euro300 million, with a net revenue** between &euro55 million and &euro60 million at an adjusted EBITDA* of &euro10 million (previous guidance: revenue above &euro250 million, positive adjusted EBITDA*). The impact on the Company's business of new privacy regulations by Apple to be released on the new operating system iOS14 are uncertain as of today. Further details will be provided with the release of the Annual Report 2020 on 28 April 2021. *Adjusted EBITDA is defined on page 16 of the Q3 2020 Results Statement available on the Company's website at https://investors.fyber.com/reports-presentations [1].. **Net revenue is defined on page 15 of the Q3 2020 Results Statement available on the Company's website at https://investors.fyber.com/reports-presentations [1]. Notifying person Yaron Zaltsman, CFO Investor Contact Sabrina Kassmannhuber ir@fyber.com +49 30 609 855 555 11-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Fyber N.V. Wallstr. 9-13 10179 Berlin Germany Phone: +49 30 609 855 528 E-mail: governance@fyber.com Internet: https://investors.fyber.com/ ISIN: NL0014433377 WKN: A2P1Q5 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Tradegate Exchange EQS News ID: 1159568 End of Announcement DGAP News Service 1159568 11-Jan-2021 CET/CEST 1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=68c0d0a2c84f1c8e63ad80525f9d6cce&application_id=1159568&site_id=vwd&application_name=news
(END) Dow Jones Newswires
January 11, 2021 01:43 ET (06:43 GMT)