CLIQ Digital AG Revises 2024 and Mid-Term Sales Outlook

DUESSELDORF, July 11, 2024 – CLIQ Digital AG has revised its forecast for the 2024 business year and mid-term sales targets based on preliminary six-month financial results. The updated forecast predicts revenues between €260 and €280 million for 2024, down from the previous estimate of €300 to €330 million. Expected EBITDA has also been adjusted to a range of €10 to €20 million, compared to the earlier forecast of €26 to €30 million.

Projected customer acquisition costs have been reduced to between €80 and €100 million, a significant decrease from the prior estimate of €120 to €140 million. The company now anticipates achieving a revenue of around €325 million in 2025. The mid-term outlook forecasts an annual revenue run rate of over €400 million by the fourth quarter of 2026, down from the previous target of more than €500 million.

For the first half of 2024, CLIQ Digital expects revenues of approximately €141 million, a decline from €160 million in the same period in 2023. The early stage of the process implies some uncertainties for further financial indicators for the first half of 2024. However, the Management Board expects that EBITDA, as a percentage of revenues, will be similar to the first quarter of 2024.

The company attributes the adjustments in their forecast to a slower-than-anticipated recovery in sales. CLIQ Digital will release the final six-month figures on August 8, 2024.