DGAP-Ad hoc: artnet AG

DGAP-Adhoc: artnet AG: Preliminary results for 2015 - Forecast regarding net profit significantly exceeded, revenue in euro increased by more than 20%

artnet AG / Key word(s): Preliminary Results/Final Results

29.02.2016 17:37

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Ad-Hoc-Announcement Pursuant to § 15 WpHG

artnet AG: Preliminary results for 2015 - Forecast regarding net profit significantly exceeded, revenue in euro increased by more than 20%

(Berlin, February 29, 2016) Pursuant to the preliminary figures for the 2015 financial year, which is now available, artnet's business developed positively. The group net profit for the 2015 financial year of approximately 0.64 million EUR (approximately 0.71 million USD) is significantly above the net profit from the previous financial year of approximately -3.05 million EUR (approximately -3.9 million USD). The forecast for the group's net profit for the financial year of 2015 was between 0.1 million EUR and 0.4 million EUR (0.1 million USD to 0.5 million USD), and was also exceeded significantly.

According to the available preliminary figures, group revenue increased from (rounded) 13.9 million EUR in 2014 to approximately 17.3 million EUR in the financial year of 2015, representing an increase of approximately 24%. The forecast for group revenue, which indicated an increase from the 2014 results, was between 15.5 million EUR and 16.3 million EUR, and also exceeded significantly. However, this is largely due to exchange rate effects. In US dollar, group revenue amounted to approximately 19.2 million USD and were within the range of the forecast between 19.0 million USD and 20.0 million USD, representing an increase of approximately 4%.

In contrast to a forecasted slight increase for the 2015 financial year, cash reserves of the group decreased from approximately 1.18 million EUR to approximately 0.94 million EUR. In US dollar, cash reserves decreased from 1.44 million USD to 1.08 million USD. The decrease is due to the repayment of short-term and long-term debt.

The final audited annual statements and the consolidated annual statements will presumably be published on March 31, 2016.

29.02.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: artnet AG Oranienstraße 164 10969 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 (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------