31.10.2016 18:07:31
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DGAP-Ad hoc: RNTS Media N.V.
RNTS Media N.V. / Key word(s): Change in Forecast
31.10.2016 18:07
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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RNTS Media N.V. ("RNTS") upgrades the pro-forma revenue guidance for 2016
from more than EUR185m to more than EUR205m. This follows a prior Ad-hoc
notification on 29 July 2016 in which the Group's revenue outlook was
already increased from more than EUR160m to more than EUR185m. The repeated
increase reflects the dynamic development in the programmatic and real-time
bidding activities of the Fyber RTB and Inneractive subsidiaries acquired
in 2015 and 2016 respectively.
The increased revenue will translate into accelerated EBITDA improvement
such that RNTS is now expected to reach EBITDA break-even in Q4 2016, under
consideration of adjustments for separately disclosed items consistent
with the Company's recent financial reporting practice.
RNTS expects to upgrade previous 2017 guidance of more than EUR240m in revenues and a Q4 2017 EBITDA break-even after the current budget process has been finalized.
Investor Contact Sabrina Kassmannhuber ir@rntsmedia.com +49 30 609 855 555
Media Contact Bob Huxford Bob.Huxford@newgatecomms.com +44 20 7680 6550
31.10.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
--------------------------------------------------------------------------- Language: English Company: RNTS Media N.V. Johannisstr. 20 10117 Berlin Germany Phone: +49 30 609 855 528 Fax: E-mail: governance@rntsmedia.com Internet: www.rntsmedia.com ISIN: NL0010315453 WKN: A1J87D Listed: Regulated Market in Frankfurt (Prime Standard) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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