CLIQ Digital experienced a weak Q3, given a lower CLIQ factor, which undermined the potential recovery in H2 expected at the interim results. Having retrenched marketing spend and focused on integrating acquisitions, marketing is back on an upward trend and the customer base value has increased from Q318 to Q418, as expected. This has given management the confidence to guide to a better 2019. The shares continue to trade at a substantial discount to peers.
17 Apr 2019
Cliq Digital - Increased marketing to drive revenue growth
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Cliq Digital - Increased marketing to drive revenue growth
Cliq Digital AG (CLIQ:ETR) | 0 0 2.0% | Mkt Cap: 45.0m
- Published:
17 Apr 2019 -
Author:
Fiona Orford-Williams -
Pages:
5
CLIQ Digital experienced a weak Q3, given a lower CLIQ factor, which undermined the potential recovery in H2 expected at the interim results. Having retrenched marketing spend and focused on integrating acquisitions, marketing is back on an upward trend and the customer base value has increased from Q318 to Q418, as expected. This has given management the confidence to guide to a better 2019. The shares continue to trade at a substantial discount to peers.