Ad pepper media International N.V.: Strong growth and significant improvement in EBITDA
April 18, 2018 at 02:55 am EDT
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DGAP-Ad-hoc: ad pepper media International N.V. / Key word(s): Quarter Results/Preliminary Results
ad pepper media International N.V.: Strong growth and significant improvement in EBITDA
18-Apr-2018 / 08:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
ad pepper media International N.V.: Strong growth and significant improvement in EBITDA
Nuremberg, Amsterdam, April 18, 2018
ad pepper media International N.V. generated sales of EUR 8,996k in the first quarter 2018. The sales figure reported results from the first-time application of IFRS 15, which was announced by the company on March 27. On a like-for-like basis, i.e. applying the new standard to the equivalent period of the previous year, the Group's sales grew by 26.1 percent (Q1 2017: EUR 7,134k). The Webgains segment increased its (like-for-like) sales by EUR 90k or 4.0 percent (currency-adjusted: 8.3 percent). The ad agents and ad pepper media segments upheld their strong growth course and benefited in particular from new product developments. ad agents reported first-quarter sales growth of EUR 930k or 27.0 percent, while ad pepper media increased its sales over the same period by EUR 842k or 58.0 percent.
The Group's gross profit rose by EUR 604k to EUR 4,720k or 14.7 percent in the first quarter of 2018 and developed positively in all three operating segments (Q1 2017: EUR 4,116k). The ad pepper media and ad agents segments posted dynamic gross profit growth of EUR 328k (+48.3 percent) and EUR 152k (+12.9 percent) respectively, while the gross profit in the Webgains segment rose by EUR 90k or 4.1 percent (currency-adjusted: 8.1 percent).
The Group's operating expenses of EUR 4,489k remained stable compared with the previous year's period (Q1 2017: EUR 4,465k). As a result, the consolidated EBITDA of EUR 312k not only represents a substantial year-on-year improvement (Q1 2017: EUR -246k) but is also one of the best first-quarter operating earnings figures in the company's history. Individual segment EBITDAs came to EUR 483k for ad pepper media (Q1 2017: EUR 189k), EUR 158k for ad agents (Q1 2017: EUR 239k), and EUR 51k for Webgains (Q1 2017: EUR -72k). We expect this positive trend to continue in the quarters ahead.
The report on the first three months of 2018 will be published on May 22, 2018.
Comparison of key figures (unaudited) for Q1/2018 and Q1/2017:
Q1 2018
Q1 2017
%
Sales
EUR 000s
8,996
16,367*
-45.0*
Gross profit
EUR 000s
4,720
4,116
14.7
EBITDA
EUR 000s
312
-246
<-100.0
EBIT
EUR 000s
231
-350
<-100.0
EBT
EUR 000s
232
-347
<-100.0
Liquid funds**
EUR 000s
19,455
18,443
5.5
Equity
EUR 000s
16,858
14,927
12.9
Total assets
EUR 000s
33,164
28,721
15.5
* On a like-for-like basis, i.e. applying IFRS 15 to the equivalent period in the previous year, the Group's Q1 2017 sales amounts to EUR 7,134k and grew by 26.1 percent.
**including securities
For further information, please contact:
Dr. Jens Körner (CEO)
ad pepper media International N.V.
+49 (0) 911 929057-0 ir@adpepper.com www.adpeppergroup.com
18-Apr-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
ad pepper media International N.V.
Frankenstrasse 150 C
90461 Nuremberg
Germany
Phone:
+49 911 9290570
Fax:
+49 911 929057-157
E-mail:
ir@adpepper.com
Internet:
www.adpeppergroup.com
ISIN:
NL0000238145
WKN:
940883
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
Ad Pepper Media International NV is a Netherlands-based Company active in the advertising and marketing sector. The Company provides online services, strategies and solutions for interactive media, direct marketing and technology. Its activities are divided into three segments: ad pepper media, Webgains and ad agents. Display, performance, e-mail, affiliate and search-engine marketing, as well as semantic targeting and ad serving product groups cover the range of its online advertising formats. In addition to a regional, national and international marketing presence, Website partners receive a number of other products and services, such as branding, traffic analysis and performance optimization, provided by Ad Pepper Media International NV and its affiliated companies. As of December 31, 2011, the Company operated 17 subsidiaries, based in the Netherlands, Germany, Sweden, Denmark, the United Kingdom, France, Spain, the United States, Australia and Switzerland.