The Social Chain AG: Portfolio OmniFlex streamlining and contribution of DS Group increase profitability
The Social Chain AG: Portfolio streamlining and contribution of DS Group increase profitability
Preliminary revenues as of 30 June 2023: EUR 220 million Preliminary EBITDA – before adjustments: EUR 14.5 million (incl. proceeds from the sale of KoRo) Operating loss, including restructuring costs, decreases by 35% from Q1 to Q2 to around EUR 9.4 million Social Chain AG sells several companies and concentrates on the growing agency business and brand development at DS Group Following the portfolio streamlining, expected annual revenue will be adjusted to EUR 415 million EBITDA guidance before adjustments remains in the low double-digit million range, between 4 and 5% EBITDA margin Working capital financing for DS Group of approx.
