EQS-News: Artnet Launches Tender Process for New Auditing Firm, Sets Date for AGM 2024
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EQS-News: artnet AG
/ Key word(s): Miscellaneous
Artnet Launches Tender Process for New Auditing Firm, Sets Date for AGM 2024 New York / Berlin, November 28, 2024: Artnet AG, the leading online marketplace and information provider for the art market has this week launched the official tender process to solicit proposals from auditing firms. This process is a regulatory requirement for listed entities on the Frankfurt Stock Exchange. Following this process the supervisory board will propose an auditor for approval by the shareholders at the annual general meeting. Given the timelines required by the regulatory framework for the tender process and also for the invitation to the rescheduled annual general meeting, Artnet this week updated the financial calendar - scheduling the 2024 annual general meeting for mid February 2025. Artnet’s management deeply regrets that this year’s Annual General Meeting had to be postponed and is committed to engaging an auditing firm and scheduling the 2024 annual general meeting as quickly as possible. The annual report for the 2023 fiscal year is available here. For more news and releases on investor relations, please visit here. About Artnet Artnet has an unparalleled 60 million users annually, making it the largest global platform for fine art. Founded in 1989, Artnet has revolutionized the way people discover, research, and collect art today. Artnet’s Data provides mission-critical resources for the art industry, encompassing more than 17 million auction results and AI- and ML-driven analytics, further driving transparency and insight into the art market. Artnet’s marketplace connects leading galleries and auction houses with its global audience, offering a curated selection of over 290,000 artworks for sale worldwide. Artnet Auctions, the pioneering online-only auction platform, offers unprecedented reach, liquidity, and efficiency for buyers and sellers. Artnet News covers the events, trends, and people shaping the global art market with up-to-the-minute analysis and expert commentary. It is the single most-read news publication in the fine art industry, with a rapidly growing, dedicated audience. Together, Artnet’s broad synergistic product offering provides a comprehensive ecosystem that drives and informs the modern art market. Artnet AG is listed in the Prime Standard of the Frankfurt Stock Exchange, the segment with the highest transparency standards. The majority of operations are headquartered in New York at its wholly-owned subsidiary, Artnet Worldwide Corporation, a New York based entity founded in 1989. Artnet Worldwide Corp. owns a London based subsidiary, Artnet UK Ltd. ISIN: DE000A1K0375 LEI: 391200SHGPEDTRIC0X31 Contact: Sophie Neuendorf sneuendorf@artnet.com
28.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | artnet AG |
| Niebuhrstr. 78 | |
| 10629 Berlin | |
| Germany | |
| Phone: | +49 (0)30 20 91 78 -0 |
| Fax: | +49 (0)30 20 91 78 -29 |
| E-mail: | info@artnet.de |
| Internet: | www.artnet.de |
| ISIN: | DE000A1K0375 |
| WKN: | A1K037 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2040711 |
| End of News | EQS News Service |
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2040711 28.11.2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 18,32 | 19,54 | 18,94 | 20,89 | 25,03 | 23,35 | 26,30 | |
| EBITDA1,2 | 1,26 | 1,52 | 1,55 | 0,63 | -0,14 | -0,20 | 1,85 | |
| EBITDA-Margin3 | 6,88 | 7,78 | 8,18 | 3,02 | -0,56 | -0,86 | 7,03 | |
| EBIT1,4 | 0,77 | 0,18 | 0,19 | -0,75 | -1,63 | -1,90 | 1,15 | |
| EBIT-Margin5 | 4,20 | 0,92 | 1,00 | -3,59 | -6,51 | -8,14 | 4,37 | |
| Net Profit (Loss)1 | 1,04 | -0,01 | 1,92 | -0,80 | 0,12 | -1,00 | -0,15 | |
| Net-Margin6 | 5,68 | -0,05 | 10,14 | -3,83 | 0,48 | -4,28 | -0,57 | |
| Cashflow1,7 | 1,11 | 1,63 | 2,71 | 0,56 | 2,66 | 0,98 | 1,90 | |
| Earnings per share8 | 0,19 | 0,00 | 0,35 | -0,09 | 0,02 | -0,18 | -0,03 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Rödl & Partner
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Artnet | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A1K037 | DE000A1K0375 | AG | 37,09 Mio € | 17.05.1999 | Halten | 9F4MG839+FF |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 30,95 | 20,92 | 1,48 | 81,25 | 8,57 | 37,85 | 1,59 |
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Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 03.09.2024 | 22.09.2024 | 11.11.2024 | 31.08.2024 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| +0,65% | +11,05% | -12,16% | -12,16% | -85,87% |
Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.
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