artnet AG
artnet AG: artnet Increases Revenue in July
artnet Increases Revenue in July – artnet News and artnet Auctions Accelerate Company’s Revenue Growth – Operating Result Improved Berlin/New York, August 21, 2017-Following the publication of the Six-Month Report on August 11, Berlin-based artnet AG boasts strong growth in the artnet Auctions segment for the month of July. Revenue for online auctions rose by 43% in the first half of the year. In July of this year, typically a sluggish month, revenue rose by approximately 70% as compared to July 2016. Advertising revenue, which was already strong in the first half of the year, rose by approximately 46% in July as compared to the previous year. With artnet News, the world’s most widely read online publication for the art market, artnet AG reaches a valuable group for luxury brands. As a result, revenue in this segment rose by 118% in July as compared to July 2016. The Price Database also developed positively with a growth of about 5%, while the Gallery Network could not escape the usual summer slowness with around 6% lower revenue. In the first seven months of 2017, artnet was able to increase revenue in three out of its four segments. Overall, the company recorded a revenue increase of approximately 17% for the month of July. The operating result improved by around 78% for the month, and a total of 48% over the course of the seven months compared to the same period last year. artnet’s forecast for the year remains unchanged. The company expects a good third quarter, results of which will be published on November 10 in the upcoming Nine-Month Report.
End of Media Release Issuer: artnet AG Key word(s): Services
21.08.2017 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |
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, Tradegate Exchange |
End of News | DGAP Media |