Suspension of 2020 full year guidance
Astralis Group has previously guided a net revenue in the range between DKK 60 million – DKK 70 million and an EBITDA in the range between DKK -3.5 million – DKK -5 million for 2020. The global COVID-19 pandemic severely impacts the ability to sign new sponsorship agreements and the participation in physical esports tournaments and leagues.
While the operations are running as normal, Astralis Group has, as a consequence of the current uncertainties related to the outlook, decided to suspend the 2020 guidance on revenue and EBITDA pending more clarity on the financial implications of COVID-19.
As soon as we have more clarity on the COVID-19 impact on 2020 we will return with an outlook for 2020.
Astralis Group A/S
Tofte & Company Christian IX´s Gade 7 1111 København K Tlf: (+45) 71 96 10 30