DGAP-Adhoc: Managing Board of The Social Chain AG resolves on portfolio streamlining measures and adjusts financial year 2022 forecast numbers

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Managing Board of The Social Chain AG resolves on portfolio streamlining measures and adjusts financial year 2022 forecast numbers

Berlin, 10 August 2022 The managing board of The Social Chain AG (WKN: A1YC99, ISIN:DE000A1YC996, Ticker: PU11) ("TSC") today resolved on portfolio streamlining measures to further increase the overall profitability of the group.

TSC intends to sell its portfolio companies Ravensberger Matratzen GmbH (including the operating business of Möbelfreude Vertriebs GmbH), Carl Wilhelm Clasen Gesellschaft mit beschränkter Haftung,  DEF Media GmbH and bytepark GmbH - all in the course of 2022. TSC will immediately take first steps to execute the measures and will report about any completed sales separately.

Considering the resolved portfolio streamlining measures, TSC is adjusting its forecast revenue numbers for the financial year 2022 down to around EUR 415 Mio. with a projected consolidated EBITDA-margin (before adjustments) between four and five percent.

www.socialchain.com

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