Pepper media International N : reports strong growth and raises full-year guidance for 2017
October 16, 2017 at 03:20 am EDT
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16 October 2017 - 8:14am
Nuremberg, Amsterdam, October 16, 2017
Third-quarter sales at ad pepper media International N.V. grew by 34.8 percent and thus clearly exceeded the strong growth already reported for the first half. In the nine-month period as a whole, the group generated further record sales of EUR 52,037k (Q1-Q3 2016: EUR 41,830k), corresponding to growth of 24.4 percent.
All three operating segments have posted robust growth: ad agents reported particularly dynamic developments, with nine-month sales growth of 42.2 percent to EUR 11,507k (Q1-Q3 2016: EUR 8,092k) and sales growth of 62.3 percent in the third quarter alone. Sales in the ad pepper media segment also grew over the past nine months, in this case by 25.2 percent to EUR 4,837k (Q1-Q3 2016: EUR 3,865k).
Thanks to accelerated growth of 28.6 percent in the past third quarter, Webgains substantially increased its nine-month sales by 19.5 percent to EUR 35,693k (Q1-Q3 2016: EUR 29,866k); currency-adjusted sales rose by 27.2 percent. Webgains is growing notably faster than the market and consequently gained additional market share.
The group's gross profit improved by 18.6 percent to EUR 4,403k in the third quarter. For the nine-month period as a whole, this key figure grew by 14.0 percent to EUR 13,066k (currency-adjusted: 17.7 percent). Despite increased operating expenses mainly relating to investments in the Webgains and ad agents segments, the third-quarter EBITDA of EUR 455k represents the best third-quarter operating earnings reported for more than 10 years. EBITDA for the nine-month period as a whole came to EUR 955k (Q1-Q3 2016: EUR 1,255k), with the ad agents segment improving its EBITDA to EUR 754k (Q1-Q3 2016: EUR 694k). The ad pepper media segment improved its EBITDA to EUR 965k (Q1-Q3 2016: EUR 655k), while the Webgains segment generated EBITDA of EUR 552k (Q1-Q3 2016: EUR 1,035k).
Given the strong performance in the past quarter, the company has raised its full-year guidance for 2017 and now expects to generate sales of at least EUR 70,000k and EBITDA of at least EUR 1,500k.
The report on the first nine months of 2017 will be published on November 15, 2017.
Year-on-year comparison of key figures (unaudited):
Q1-Q3/2017
Q1-Q3/2016
% change
Sales
EUR 000s
52,037
41,830
24.4
Gross profit
EUR 000s
13,066
11,460
14.0
EBITDA
EUR 000s
955
1,255
-23.9
EBIT
EUR 000s
651
1,184
-45.0
EBT
EUR 000s
641
1,262
-49.2
09.30.2017
09.30.2016
% change
Liquid funds*
EUR 000s
21,606
18,280
18.2
Equity
EUR 000s
15,792
15,271
3.4
Total assets
EUR 000s
34,324
26,258
30.7
For further information:
Dr. Jens Körner (CEO)
ad pepper media International N.V.
+49 (0) 911 929057-0
ir@adpepper.com
www.adpeppergroup.com
ad pepper media International NV published this content on 16 October 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 October 2017 07:19:00 UTC.
Original documenthttp://www.adpeppergroup.com/en/ad-hoc-releases/ad-pepper-media-international-n-v-reports-strong-growth-and-raises-full-year-guidance-for-2017/
Public permalinkhttp://www.publicnow.com/view/F919874073E8FA37F7A4D5F840AF05982E5FB7C2
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.