The Social Chain AG

  • WKN: A1YC99
  • ISIN: DE000A1YC996
  • Land: Deutschland

Nachricht vom 08.03.2021 | 12:42

The Social Chain AG provides revenue and profit forecasts for the financial year 2021 based on preliminary figures for the previous financial year 2020 and reviews various financing options.

The Social Chain AG / Key word(s): Forecast/Financing
The Social Chain AG provides revenue and profit forecasts for the financial year 2021 based on preliminary figures for the previous financial year 2020 and reviews various financing options.

08-March-2021 / 12:42 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.


Publication of an inside information pursuant to Article 17 MAR

 

NOT FOR DISTRIBUTION, PUBLICATION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (COLLECTIVELY, "UNITED STATES") OR TO ANY U.S. PERSON (AS DEFINED BELOW), CANADA, AUSTRALIA OR JAPAN OR ANY OTHER COUNTRY IN WHICH SUCH PUBLICATION MAY BE UNLAWFUL OR IN WHICH THE OFFERING OF SECURITIES IS SUBJECT TO REGULATORY RESTRICTIONS. THERE ARE OTHER RESTRICTIONS. PLEASE SEE THE IMPORTANT NOTE AT THE END OF THIS PUBLICATION.

The Social Chain AG provides revenue and profit forecasts for the financial year 2021 based on preliminary figures for the previous financial year 2020 and reviews various financing options.

Berlin, 8 March 2021 - The management board of The Social Chain AG (WKN: A1YC99, ISIN: DE000A1YC996, Ticker: PU11) (the "Company") expects, according to preliminary and yet unaudited pro forma figures, consolidated group revenues of approximately 230 million Euros for the previous financial year 2020 (pro forma 2019: 179 million Euros; HGB consolidated financial statements 2019: 50 million Euros). On a preliminary basis, earnings before interest and taxes, depreciation and amortisation (EBITDA) are in the positive single-digit million-Euro range (pro forma 2019: minus 7 million Euros).

From today's perspective and taking into account business performance to date, the management board expects continuous significant increase in revenues and earnings for the financial year 2021. The management board expects consolidated revenue of approximately 320 million Euros and a positive (adjusted) EBITDA from business activities of around 15 million Euros.

In view of the positive business development and in order to finance further growth of the existing business activities, for selected acquisitions in the area of social media & eCommerce as well as for general corporate purposes, the Company has decided today to review various financing options, including the possible issuance of convertible bonds. Quirin Privatbank AG has been assigned to approach potential investors. A final decision will be made by the Company based on investor feedback and the then current market environment.

The Social Chain AG: Social Commerce on a global scale

The Social Chain AG is reshaping the world of brands and commerce. Our strategy and our actions are "Digital first - direct to customer": from branding to marketing to direct sales of our products in the categories Food, Home & Living, Beauty, and Fitness. Our online shops are the most efficient points of sale for our Direct-to-Consumer brands. More than 70 percent of Direct-to-Consumer sales are performed by our owned and operated online shops. Our communities, with over 86 million followers worldwide, inspire our customers and amplify our brand messages. We manage the expansion of our Social Commerce system of communities, brands, digital points of sale and logistics via our integrated proprietary technology platform: LINKS which analyses interests, purchase intentions and product satisfaction along the entire digital customer journey.
The Social Chain AG's headquarters are in Berlin, with additional locations in Munich, London, Manchester, New York, San Diego and Los Angeles.

Important note

This announcement constitutes neither an offer nor a solicitation to purchase or subscribe for securities of the Company.

This announcement is not intended for distribution, directly or indirectly, in or into the United States or within the United States and may not be distributed to U.S. persons (as such term is defined in Regulation S under the Securities Act) or publications with a general circulation in the United States. This announcement does not constitute or form part of any offer to sell or the solicitation of an offer to purchase or subscribe for any securities in the United States. The financing options are not and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration under the Securities Act or an exemption from registration under the Securities Act. The Company does not intend to conduct a public offering of financing options in the United States.

The financing options referred to in this announcement will not be offered or sold in Canada, Australia or Japan, or to or for the account of persons resident in Canada, Australia or Japan. No action has been taken to offer, acquire or distribute the financing options in any jurisdiction where this is not permitted.

This release contains statements relating to the future. These statements are based on current views, expectations and assumptions of the Company's management and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied. Actual results, results or events could differ materially from those described herein due to factors affecting the Company, including, but not limited to, changes in the general economic environment or competitive situation, capital market risks, foreign exchange rate fluctuations and competition from other companies, and changes in foreign or domestic laws or regulations, including, but not limited to, the tax environment. The Company assumes no obligation to update any statements relating to the future.

Contact:
Jana Walker | Investor Relations
ir@socialchain.com


08-March-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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