CLIQ Digital AG Announces Q1 2024 Financial Results Highlighting Challenges and Transformation Efforts

DÜSSELDORF, 8 May 2024 - CLIQ Digital AG released its first quarter financial results for 2024, revealing a downturn in performance due to tougher market conditions. The company reported a 13% quarter-over-quarter decrease in sales, amounting to €73 million, and a 55% drop in normalized EBITDA to €5 million.

The company has initiated a comprehensive transformation program aimed at diversifying sales channels and enhancing cost efficiency. This strategic shift is in response to increased churn rates and market volatility. CLIQ Digital also adjusted its fiscal year 2024 projections, now estimating sales to be between €300 million and €330 million, with EBITDA expected between €26 million and €30 million.

Operational adjustments include the closure of the U.K. office and expansion into new markets, particularly in Asia, which showed robust growth. The company continues to buy back shares as part of its ongoing share repurchase program, underscoring confidence in its long-term strategy despite current challenges.