Wanda Sports Group Company Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2019; Reports Impairment of Goodwill for the Fourth Quarter of 2019; Company Unable to Estimate Financial Performance of 2020
For the year, the company reported revenue of 1,030,080,000 against 1,129,186,000 a year ago. Loss was 273,836,000 against profit of 54,012,000 a year ago. Basic loss attributable to ordinary equity holders of the parent was 1.45 against profit of 0.31 a year ago. Basic loss attributable to ADS holders of the parent was 2.18 against profit of 0.45 a year ago.
The company reported impairment of goodwill of 254,326,000 for the fourth quarter of 2019.
Due to the significant uncertainties relating to scope, duration and impact of COVID-19, The company currently are unable to reasonably estimate what 2020 financial performance will be and, accordingly, are not providing any updated guidance.