AUFEMININ 
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Press release
Paris, 16 April 2014
(in thousands of euros) aufeminin Smart Publishing(1) AdServer | Q1-2014 | Q1-2013 Change |
Revenue 15.597 3.510 Excl. forex effects 15.344 3.510 Capitalised production 0 212 | 19.016 18.854 212 | 13.178 44% 13.018 45% 0 |
EBITDA(2) 4.273 1.005 % of revenue 27% 29% | 5.278 | 4.490 18% 34% |
EBITDA(2) 4.273 1.005 % of revenue 27% 29% | 28% | 4.490 18% 34% |
Net allocations to -405 43 depreciation, amortisation and provisions | -362 | -588 -38% |
Net allocations to -405 43 depreciation, amortisation and provisions | -588 -38% | |
Operating income 3.868 1.048 % of revenue 25% 30% | 4.916 26% | 3.901 26% 30% |
Financial profit Corporate tax | 62 -1.639 | 63 -2% -1.259 30% |
Group net income % of revenue | 3.075 16% | 2.711 13% 21% |
(1) aufeminin Publishing includes advertising, other services and foreign currency transactions
(2) EBITDA = Operating income before amortisation, depreciation and provisions
Organic growth in both businesses
Revenue in the first quarter of 2014 totalled €19.0 million, up 44% compared to the first quarter of 2013. It includes the accounts of the company MyLittleParis, 60% of which was acquired by aufeminin.com at end-2013.
Excluding the consolidation of MyLittleParis, Group activity posted 8% growth, reflecting the strong organic growth trend of both aufeminin Publishing (+7%) and Smart AdServer (+11%).
Group activity continued to grow internationally, and doubled in France with the acquisition of MyLittleParis. The Group now generates 59% of its revenue in France and 41% internationally.
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Smart AdServer's €3.5 million revenue represents 18% of Group revenue.
Very high operating profitability
The business achieved impressive growth by maintaining very high profitability.
With an EBITDA of €5.3 million, up 18%, aufeminin.com generated an EBITDA margin of 28% including the MyLittleParis e-commerce business, which is slightly less profitable.
Net of €0.4 million in allocations to depreciation, amortisation and provisions,
operating climbed 26% to €4,9 million, i.e. 26% of revenue.
Group net income came out at €3.1 million, representing a net margin of 16%.
The Group expects 2014 to be another year of growth and will pursue its ambitious development strategy, particularly with aufeminin Publishing's roll-out of MyLittleParis and continued international development, and Smart AdServer's expansion into the United States and the growing strength of its RTB solution.
Next publication on 17 July 2014
Unaudited revenue on the first half of 2014
About aufeminin.comThe aufeminin.com Group is 80.8%-held by the Axel Springer Group, and is the world's leading publisher of websites for women with 42,3 million individual site visitors per month worldwide(1), and 29 million individual visitors per month in France(2). It operates in France, Germany, Austria, the United Kingdom, Belgium, Spain, Italy, Poland, Switzerland, the United States, Canada, Brazil, Morocco, Tunisia and Japan.
aufeminin.com also has a holding in MyLittleParis, a publishing company specialised in newsletter mail-outs to a community of one million readers, and in "surprise box" distribution to over 70,000 subscribers. MyLittleParis's 2013 revenue totalled €14.4.
The aufeminin.com Group has an editorial and community-based offer covering the themes preferred by women:
Fashion, Baby, Beauty, Shopping, Cooking, News, Society, etc. This offer is available on all media: websites, mobile phones, tablets, TV and print.
Smart AdServer develops and markets premium ad serving solutions for media agencies and publishers to manage display campaigns for web, mobile and iPad/tablets. Smart AdServer currently has 400 clients across four continents and accounted for €13.1 million of Group revenue in 2013.
The Group generated €60 million in revenue in 2013 and is listed in compartment B of NYSE-Euronext Paris (ISIN: FR0004042083, Ticker: FEM).
(1) Source Comscore, February 2014
(2) Source Smart + Google Analytics, February 2014
aufeminin.com | Actifin |
finances@aufeminin.com | Anaïs de Scitivaux / Aminata Doucoure |
adoucoure@actifin.fr | |
Tel : +33 (0)1 56 88 11 11 |
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