Put companies on watchlist
Circus SE
ISIN: DE000A2YN355
WKN: A2YN35
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Circus SE · ISIN: DE000A2YN355 · EQS - adhoc news (28 News)
Country: Germany · Primary market: Germany · EQS NID: 1902037
14 May 2024 08:04AM

Initial outlook for the 2024 financial year and preliminary results for 2023


EQS-Ad-hoc: Circus SE / Key word(s): Preliminary Results
Circus SE: Initial outlook for the 2024 financial year and preliminary results for 2023

14-May-2024 / 08:04 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.


Circus SE: Initial outlook for the 2024 financial year and preliminary results for 2023

 
Circus SE announces an initial outlook for 2024, current developments in the ongoing financial year, and preliminary figures for the past financial year 2023.

As planned, the core operating business is still in the development phase. Major investments were made both in the establishment of Circus Robotics and in the further development of the Circus operating system (Circus OS). Revenue has so far been generated exclusively from the in-house operation of test kitchens for the validation of developed technologies and processes. Accordingly, no revenue has yet been generated from the commercialization of the technology. According to preliminary figures, a negative EBITDA of EUR 11 - 13 million is expected for the 2023 financial year with revenue of EUR 1.1 million (all figures are based on a pro forma analysis in which the new holding company Circus SE and the operating subsidiary Circus Kitchens GmbH are included for the full financial year and Circus Robotics GmbH, which was acquired in August 2023, is only included from this acquisition date). 

As in 2023, the 2024 financial year will also be characterized by further technological developments and preparations for series production, meaning that a negative EBITDA is also expected for 2024. A key factor for the company's further development will be to secure contracts to generate revenue from the commercialization of its technology. The company is currently in advanced talks with potential customers who initially want to test the company's technology and have a basic need for quantities in the four-digit range. If these promising negotiations on potentially large-volume customer contracts are successfully concluded, revenues are expected from 2025 onwards according to current planning.

 

Kontakt:
Circus SE
Hongkongstr. 6
20457 Hamburg
E-Mail: contact@circus-group.com

 

 

 

 

 

 

 



End of Inside Information

14-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Circus SE
Hongkongstrasse 6
20457 Hamburg
Germany
E-mail: ir@circus-group.com
Internet: https://www.circus-group.com/investors
ISIN: DE000A2YN355
WKN: A2YN35
Listed: Regulated Unofficial Market in Frankfurt, Munich (m:access)
EQS News ID: 1902037

 
End of Announcement EQS News Service

1902037  14-May-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1902037&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
Visual performance / price development - Circus SE
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.