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EQS-Adhoc: ASMALLWORLD AG announces 2018 full year results; revenues grew by 75% to CHF 8.8M

EQS Group-Ad-hoc: ASMALLWORLD AG / Key word(s): Annual Results


ASMALLWORLD AG announces 2018 full year results; revenues grew by 75% to CHF 8.8M


19-March-2019 / 07:00 CET/CEST


Release of an ad hoc announcement pursuant to Art. 53 KR


The issuer is solely responsible for the content of this announcement.



Press release

ASMALLWORLD AG (SWX:ASWN) announces 2018 full year results; revenues grew by 75% to CHF 8.8M

Zurich, 19.03.2019 - ASMALLWORLD AG announces its full year results for 2018. The company looks back on a year of robust growth, with revenues reaching CHF 8.8M, an increase of 75% compared to last year. In 2018, its member base reached 47'800, a 68% increase since the preceding year, and the average revenue per user (ARPU) grew from CHF 198 to CHF 231. The company expects continued growth in 2019 and sets its 2019 revenue guidance at CHF 12.0 to 12.5M.

 

ASMALLWORLD Group's growth was strong in 2018. Revenues rose from CHF 5.0M to CHF 8.8M, representing an increase of 75%. The company's initial revenue guidance of CHF 6.5 to 7.0M was thus significantly exceeded. The number of members grew by 68%, from 28,500 to 47,800, and the average revenue per user (ARPU) rose by 17%, from CHF 198 to CHF 231.

Both business segments, Subscriptions and Services, contributed to the positive revenue development. Subscriptions grew by 88% and Services by 58% year-on-year.
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