PRESS RELEASE

from New Work SE (isin : DE000NWRK013)

EQS-Adhoc: New Work SE: New Work SE reduces forecast for pro forma EBITDA and pro forma revenue growth

EQS-Ad-hoc: New Work SE / Key word(s): Profit Warning
New Work SE: New Work SE reduces forecast for pro forma EBITDA and pro forma revenue growth

03-May-2023 / 19:03 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


New Work SE (ISIN DE000NWRK013) is adjusting its forecasts for the fiscal year. After the prognosis given in the annual report 2022, the market situation and consequently the demand for digital recruiting solutions has deteriorated. As the Executive Board of New Work SE has decided to nevertheless invest further into its long-term strategy, the company is adjusting its forecasts. While growth in the single-digit percentage range or a pro forma EBITDA between € 108 - 111 million was previously assumed, the company now expects pro forma EBITDA in the corridor between € 92 - 100 million in fiscal year 2023 (pro forma EBITDA fiscal year 2022: € 104 million). In addition, the forecast for pro forma revenue development has been adjusted. The company now expects revenues for fiscal year 2023 to be at the previous year's level (previously: "growth in the single-digit percentage range"). 

 

* Pro forma figures are adjusted for non-recurring extraordinary effects.



End of Inside Information

03-May-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language:English
Company:New Work SE
Am Strandkai 1
20457 Hamburg
Germany
Phone:+49 (0)40 419 131-793
Fax:+49 (0)40 419 131-44
E-mail:ir@new-work.se
Internet:https://www.new-work.se
ISIN:DE000NWRK013
WKN:NWRK01
Indices:SDAX,
Listed:Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:1623839

 
End of AnnouncementEQS News Service

1623839  03-May-2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1623839&application_name=news&site_id=symex
See all New Work SE news