As a result of this initiative, the Company is updating the previously communicated revenue guidance from €280 to around €240 million for year 2017 and from €360 million to at least €300 million for 2018. Despite the change in revenue outlook, the Company's focus on cost effectiveness and the synergies realized through the merger, the company expects to maintain its profitability both in H2 2017 and in 2018. The adjusted EBITDA forecast for H2 2017 is projected to be at least €4 million (updated from the previously stated €7 million). There is no anticipated change to the 2018 EBITDA projections which are expected to remain at least €15 million.
Notifying person: Yaron Zaltsman, CFO
Investor Contact Sabrina Kassmannhuber ir@fyber.com+49 30 609 855 555
Fyber N.V.Official seat: Amsterdam, the Netherlands
Office address Johannisstrasse 20, D-10117 Berlin, Germany Amsterdam Commercial register number 54747805, VAT Nr. DE283688947
Managing Directors: Ziv Elul, Dani Sztern, Yaron Zaltsman, Crid Yu | Chairman of the Supervisory Board: Dirk van Daele
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Fyber NV published this content on 30 October 2017 and is solely responsible for the information contained herein.
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