artnet AG, DE000A1K0375

artnet AG, DE000A1K0375

07.03.2017 - 20:05:42

artnet AG: Preliminary results for 2016 below forecast

Disclosure of an inside information according to Article 17 MAR

artnet AG: Preliminary results for 2016 below forecast

(Berlin, March 7, 2017) Pursuant to the preliminary figures for the 2016 financial year, which is now available, artnet's business only developed slightly positively. According to the available preliminary figures, the Group's revenue increased from (rounded) 17.3 million EUR in 2015 to approximately 17.4 million EUR in the 2016 financial year, representing an increase of approximately 0.6%. Therefore, the forecast for the Group's revenue which amounted between 18 million EUR and 19 million EUR could not be reached. In US dollars, the Group's revenue amounted to approximately 19.2 million USD, representing an increase of approximately 0.3%, which is below the range of the forecast of 20.0 million USD and 21.0 million USD.

The Group's net profit for the 2016 financial year of approximately 0.63 million EUR (approximately 0.70 million USD) is slightly below the net profit from the previous financial year of approximately 0.64 million EUR (approximately 0.71 million USD). The forecast for the Group's net profit for the 2016 financial year amounted to 0.9 million EUR and 1.2 million EUR (1.0 million USD to 1.3 million USD).

Cash reserves for the Group increased from approximately 1.0 million EUR to 1.1 million EUR and is within the forecasted range. In US dollars, cash reserves remained the same at approximately 1.1 million USD.

The final audited annual statements and the consolidated annual statements will presumably be published on March 24, 2017.

07-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: artnet AG Oranienstraße 164 10969 Berlin

Germany Phone: +49 (0)30 20 91 78 -0 Fax: +49 (0)30 20 91 78 -29 E-mail: info@artnet.de Internet: www.artnet.de ISIN: DE000A1K0375 WKN: A1K037 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange   End of Announcement DGAP News Service

551417  07-March-2017 CET/CEST

@ dgap.de

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