on Artnet AG (isin : DE000A1K0375)
Artnet AG Reveals Preliminary Q3 Results and Adjusts 2024 Forecast
artnet AG has disclosed its preliminary unaudited figures for the third quarter of 2024, influencing a forecast adjustment for the financial year. The company anticipates Q3 revenues of EUR 16.2 million, a slight decrease from EUR 17.1 million in Q3 2023. The operating result is estimated at EUR -1.4 million, showing minor improvement over last year's USD -1.5 million.
Despite maintaining its consolidated sales forecast between EUR 25.0 million and EUR 27.0 million, artnet AG adjusted its operating result expectations to EUR 0-0.5 million, down from the initial EUR 0.75-1.5 million. This adjustment reflects challenges in the art market amid a complicated macroeconomic climate.
The release date for the Q3 quarterly statement is postponed from November 8 to November 11, 2024, due to these forecast changes.
R. P.
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