The Social Chain AG Provides Earnings Guidance for the Second Half of 2020; Provides Earnings Guidance for the Year 2020
July 15, 2020 at 03:03 am EDT
The Social Chain AG provided earnings guidance for the second half of 2020. The company expects an organic revenue growth of 60% to EUR 111.8 million in the second half of 2020. The company anticipates an EBITDA of EUR 4.5 million, an increase of EUR 8.8 million compared to the second half of 2019.
For the full year 2020, the company forecasts a revenue of EUR 199.9 million, an organic growth of 36%. EBITDA is expected to reach EUR 8.4 million - a substantial swing in earnings of EUR 13.2 million compared to the previous year.