- €26.6m adjustment for goodwill impairment
- EBITDA not affected
DÜSSELDORF, 27 January 2025 – As part of the preparation of the annual 2024 financial statements, the carrying amount of CLIQ Digital AG’s goodwill had to be tested for impairment as required under International Financial Reporting Standards (IFRS).
As a result, CLIQ correct its goodwill and recognises an impairment loss of €26.6 million in its financial statements for the year ended 2024. This goodwill impairment is primarily attributable to the challenging market conditions as well as to the significant decline in 2024 in the Group’s market value as determined by the stock market capitalisation.
The goodwill impairment is an accounting adjustment and does not impact CLIQ Digital’s liquidity, cash flow, operational performance or reported EBITDA. However, the recognition of the goodwill impairment will have a negative impact on EBIT and the net result for the 2024 financial year.
The audited 2024 Annual Report will be published on the company’s website at https://cliqdigital.com/investors/financials#financial-reporting-new-calendar and presented by Management during an earnings call on 20 February 2025.
Management Board statement
“After numerous strong years of growth, 2024 was a very challenging year for us”, said Ben Bos, member of the Management Board. “The goodwill correction is a further reflection of this. Nevertheless, we remain focused on executing our strategic initiatives to raise shareholder value and effectively navigate current market challenges.”