Company Announcement No 4 / 2020: Annual Report 2019
Today the board of Astralis Group A/S approved the annual report for 2019 covering the statutory period 31 July 2019 (date of formation) – 31 December 2019 supplemented with consolidated financial information for the full year 1 January 2019 – 31 December 2019 for the operating group including teams.
Statutory consolidated financial statements - 31 July 2019 – 31 December 2019
Total revenue was DKK 26.8 million, which was DKK 2.8 million higher than expectation. EBITDA was DKK - 5.2 million which was DKK 0.7 million lower than the expectation. The result was DKK -23.9 million.
Supplemental consolidated financial statements – Full year
Total revenue for 2019 was DKK 48.6 million which was DKK 5.6 million higher than the expectation of DKK 40 million – DKK 43 million. EBITDA for 2019 was DKK -22.7 million slightly lower than the expectation of DKK -20 million – DKK -22,5 million. The result for the year was DKK -34.6 million.
Guidance for 2020
We maintain the financial targets for Astralis Group for the financial year ending 31 December 2020 with a net revenue in the range between DKK 60 million – DKK 70 million and an EBITDA in the range between DKK -3.5 million – DKK -5 million.
Astralis Group A/S
Tofte & Company Christian IX´s Gade 7 1111 København K Tlf: (+45) 71 96 10 30
About Astralis Group
Astralis Group is a publicly listed esports media company who owns and operates three globally leading team brands including all media and commercial rights: Origen (League of Legends), Future FC (FIFA) and Astralis (Counter-Strike). Astralis is listed on Nasdaq First North Growth Market under ASTGRP.
Further information at www.astralisgroup.net