from PANTALEON Entertainment AG (isin : DE000A12UPJ7)
EQS-Adhoc: PANTAFLIX AG decides against sale of PANTAFLIX Technologies GmbH
EQS-Ad-hoc: PANTAFLIX AG / Key word(s): Strategic Company Decision/Change in Forecast
PANTAFLIX AG decides against sale of PANTAFLIX Technologies GmbH
18-Sep-2023 / 13:00 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.
PANTAFLIX AG decides against sale of PANTAFLIX Technologies GmbH
Munich, 18 September 2023. PANTAFLIX AG (ISIN: DE000A12UPJ7) has decided to terminate negotiations on the sale of its wholly-owned subsidiary PANTAFLIX Technologies GmbH. As a result, the sales process announced in the ad hoc release of 29 March 2023 will not be pursued and PANTAFLIX Technologies GmbH will remain part of the PANTAFLIX Group.
It is currently being assessed how the video streaming technology developed by PANTAFLIX Technologies GmbH can be integrated into the Group's AI activities to enable faster content marketing.
PANTAFLIX AG's decision to terminate the sales process has resulted in substantiation of the Company’s forecast for financial year 2023. In view of the successful business development in the first half of the year, the Company maintains its revenue forecast of EUR 29.5 million to EUR 33.5 million and substantiates it forecast for earnings before interest and taxes (EBIT) to EUR -3.7 million to EUR -3.0 million (previously: EUR -3.7 million to EUR -1.5 million).
18 September 2023
The Management Board
Investor Relations
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 (0)89 1250903-30
Email: sh@crossalliance.de
Website: www.crossalliance.de
End of Inside Information
18-Sep-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | PANTAFLIX AG |
| Holzstraße 30 | |
| 80469 Munich | |
| Germany | |
| Phone: | +49 89 2323 85 50 |
| Fax: | +49 89 2323 85 519 |
| E-mail: | ir@pantaflix.com |
| Internet: | www.pantaflixgroup.com |
| ISIN: | DE000A12UPJ7 |
| WKN: | A12UPJ |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1728499 |
| End of Announcement | EQS News Service |
1728499 18-Sep-2023 CET/CEST