DGAP-Ad-hoc: The Social Chain AG / Key word(s): Strategic Company Decision/Change in Forecast
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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.
Managing Board of The Social Chain AG resolves on portfolio streamlining measures and adjusts financial year 2022 forecast numbers
Berlin, 10 August 2022 – The managing board of The Social Chain AG (WKN: A1YC99, ISIN:DE000A1YC996, Ticker: PU11) ("TSC") today resolved on portfolio streamlining measures to further increase the overall profitability of the group.
TSC intends to sell its portfolio companies Ravensberger Matratzen GmbH (including the operating business of Möbelfreude Vertriebs GmbH), Carl Wilhelm Clasen Gesellschaft mit beschränkter Haftung, DEF Media GmbH and bytepark GmbH - all in the course of 2022. TSC will immediately take first steps to execute the measures and will report about any completed sales separately.
Considering the resolved portfolio streamlining measures, TSC is adjusting its forecast revenue numbers for the financial year 2022 down to around EUR 415 Mio. with a projected consolidated EBITDA-margin (before adjustments) between four and five percent.
Jana Walker I Investor Relations
+49 30 208 48 40 10
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 securities 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 securities in the United States.
In the United Kingdom, this publication is only addressed to (i) persons falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), (ii) Persons falling within Article 49(2) (a) to (d) of the Order (high net worth corporations, partnerships, etc.) or (iii) persons to whom it may otherwise lawfully be made available under applicable securities laws (such persons collectively, the "Relevant Persons"). This publication must not be referred to or relied upon by any person other than a Relevant Person.
The securiies referred to in this announcement are not being sold or offered for sale in Canada, Australia or Japan, or to or for the account of any person resident or resident in Canada, Australia or Japan. No measures have been taken to offer, purchase or distribute the securities in countries where this is not permitted.
This publication does not constitute a recommendation as to an investment into the Company. Investors should consult a professional adviser as to the suitability of an investment into the Company for the person concerned.
This release may contain certain forward-looking statements, estimates, opinions and forecasts regarding the future business, results of operations and results of The Social Chain AG ("forward-looking statements"). Forward-looking statements are identified by words such as "believe," "estimate," "anticipate," "expect," "intend," "will," or "should," or their negation, and similar variations or terminology. Forward-looking statements include all matters that are not based on historical facts. Forward-looking statements are based on the current opinions, forecasts and assumptions of the Management Board of The Social Chain AG and involve significant known and unknown risks and uncertainties, which could cause actual results, performance and events to differ materially from the results, performance and events expressed or implied in the forward-looking statements may differ. Forward-looking statements contained herein should not be taken as guarantees of future performance or results and are not necessarily reliable indicators of whether or not such results will be achieved. The forward-looking statements contained in this release speak only as of the date of this release. The Company will not update the information, forward-looking statements or conclusions contained in this release to reflect subsequent events and circumstances, nor will it reflect subsequent events or circumstances, or any inaccuracies that may arise after the issue of this release as a result of new information, future developments or other circumstances, correct, and assumes no obligation to do so. Neither the Company nor any other person assumes any responsibility whatsoever that the forward-looking statements or assumptions contained herein will materialize.
Jana Walker | Investor Relations
10-Aug-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||The Social Chain AG|
|Phone:||+49 (0)30 208484010|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1418015|
|End of Announcement||DGAP News Service|
1418015 10-Aug-2022 CET/CEST