Bastei Lübbe raises revenue and earnings forecast for financial year 2023/2024
January 08, 2024 at 07:12 am EST
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EQS-Ad-hoc: Bastei Lübbe AG / Key word(s): Change in Forecast
Bastei Lübbe raises revenue and earnings forecast for financial year 2023/2024
08-Jan-2024 / 13:10 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.
Bastei Lübbe raises revenue and earnings forecast for financial year 2023/2024
Cologne, 8 January 2024. Bastei Lübbe AG (ISIN DE000A1X3YY0) raises its revenue and EBIT forecast for the financial year 2023/2024 after a successful Christmas business despite macroeconomic and geopolitical challenges. Growth drivers are in particular the community-driven business models and audio formats. As a result, the Executive Board now expects Group revenue of between €109 million and €111 million for the 2023/2024 financial year (previous year: €100.0 million) compared to the previously communicated revenue forecast of €100 million to €105 million. The EBIT forecast has been raised again, driven by revenue. EBIT is now expected to be in the range of €12.5 million to €13.5 million (previous year: €7.2 million). In the previous forecast increase for the 2023/2024 financial year, the Executive Board had envisaged EBIT in a range of €10 million to €11 million, compared to the originally communicated EBIT forecast of €9 million to €10 million.
The interim report for the first nine months of the 2023/2024 financial year will be published on 8 February 2024 and will be available online at https://bastei-luebbe.de/en/company/investor-relations/financial-reports from this date.
Contact Bastei Lübbe AG:
Barbara Fischer
Head of Press and Public Relations
Phone: +49 (0)221 8200 2850
Mail: barbara.fischer@luebbe.de
End of Inside Information
08-Jan-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
Language:
English
Company:
Bastei Lübbe AG
Schanzenstraße 6 – 20
51063 Köln
Germany
Phone:
02 21 / 82 00 - 0
Fax:
02 21 / 82 00 - 1900
E-mail:
investorrelations@luebbe.de
Internet:
www.luebbe.de
ISIN:
DE000A1X3YY0
WKN:
A1X3YY
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
Bastei Luebbe AG is a Germany-based company engaged in the media and publishing industry. The Company publishes books and digital content. The Company's publishing portfolio includes fiction and non-fiction books, as well as electronic books (e-books) and audio books. The Company breaks down its business activities into three segments: Books, Novel Booklets and Puzzle Magazines, and Digital. The Books segment comprises all print, audio and e-book products that can be considered books, including digital content. The Books segment sells products for various labels, mainly in hardcover, paperback, pocket book, audio (digital and physical) and e-book formats. The Novel Booklet and Puzzle Magazines segment includes physical novel booklets, including romantic and mystery fiction novels. The Digital segment comprises the Company's digital subsidiaries, including Daedalic Entertainment GmbH, a games developer and publisher.
BASTEI LÜBBE AG 
