2019 was a year of transition for GoingPublic Media. This is what GoingPublic boss Markus Rieger says at the Munich Personal-Financial.com Market Conference (MKK). Sales fell from 3.44 million euros to 2.61 million euros. This trend is likely to continue in 2020. Rieger expects sales of 2.2 million euros for the current year.
Operationally, the company listed in m: access should be in the red in 2020. After three quarters, GoingPublic has a turnover of 1.35 million euros, the result is -0.153 million euros. Rieger wants to leave this losing zone as quickly as possible. He is also relying on the fact that the company has recently sold several areas and has thus become more agile. Therefore one can act operationally faster.
Rieger’s conclusion at the MKK: You have to reinvent yourself. The Board of Management is correspondingly optimistic for the new year. The transformation to a focused business model is to be continued, the focus is on the strategic realignment.
The aim of all efforts is sustainable corporate success. The presentation at the MKK makes it clear that GoingPublic is aiming for an EBIT of EUR 0.3 million to EUR 0.45 million, as it has already achieved in the past. The sustainable dividend payment from the operating result is also important to Rieger. The company has been a consistent dividend payer for many years. They want to continue without having to finance the distribution from sales.
A stronger IPO market could provide impetus in the future. The IPO market is expected to do significantly better in 2021 than in the current year. This opinion is not only expressed by Rieger. Other experts have also announced something similar in the past few weeks.
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