Qwamplify
Strong increase in operating profitability in the first half of 2018 :
➢ Gross operating surplus (GOS): €1 416k (+52%)
➢ Operating profit (EBIT): €929k (+26%)
➢ Consolidated net income Group share: -€426k (-9%)
Levallois-Perret, June 12th, 2018
Qwamplify announces today its unaudited results for the first half of fiscal year 2018 (October 2017 - March 2018) :
in Thousands of Euros
H1 2018
H1 2017
Variation
Turn Over
11 758
10 548
+11,5%
Gross Operating Surplus in % of TO
1 416 932 +52% 12,0% 8,8%
Operating Income in % of TO Financial Result in % of TO
929 737 +26% 7,9% 7,0%
Current result before tax in % of TO Extraordinary Result in % of TO
75 0,6% 1 005 8,5%
553 5,2% 1 290 12,2%
-86,4%
-22,1%
-
984 -8,4%
-
868 -8,2%
-13,3%
Corporate Tax
Consolidated Net Income in % of TO
- -253
182 -1,5%
- -
489 -48,2%
27 -574,0% -0,3%
Consolidated Net Income Group share in % of TO
426 -3,6%
391-3,7%
NB: Following the deconsolidation of Highten on 30 September 2017, the 2017 accounts have been restated for Highten's results.
STRONG GROWTH IN REVENUES: +11,5%
As announced, Qwamplify's revenue increased by 11.5%, driven by the Media division (+ 64%) following the acquisition of Adsvisers on September 28, 2017. The historic Activation division stabilized faster than expected. During the first half of the year, the company continued to market its new Group offer and has already signed the first contracts.
OPERATING RESULTS IN HIGH GROWTH
QWAMPLIFY - LTD CY with a capital of € 5 507 395
Administrative Headquarters : 135 avenue Victoire, 13790 ROUSSET - FRANCE
Tel : 04 86 91 42 00 - Fax : 04 86 91 42 30
As anticipated, the company proceeded with a major restructuring of its historical division, enabling it to achieve € 1 million in savings over the full year. Personnel costs and other operating expenses were contained.
The GOS came out strongly by 52% to € 1416k, against € 932k in the first half of 2017 showing a GOS margin of 12%.
The operating result was impacted by depreciation related to the Mobile CRM platform for an amount of €
441,000. It stands at € 929k against € 737k last year, up 26% and the operating margin comes out to 8% of sales.
Following the acquisition of Audience + in February 2017, the company, which is adapting its platform to the new Group offer, has decided to write off a € 1 million impairment on the Mobile CRM platform, generating an exceptional result in - € 984k.
In addition, the financial result fell sharply this semester (-86.4%) mainly due to an unfavorable base effect in H1 2018.
All of these elements generate a negative consolidated net income group share at € -426k, down 9% compared to 2017.
HEALTHY FINANCIAL STRUCTURE
At March 31, 2018, the company has a solid financial structure with net cash of € 7.8 million. As indicated above and following the very good performance of Adsvisers, the company paid a price supplement of € 4.8 million after closing including € 4.4 million in cash.
As a reminder, the company still holds 26.18% of the capital of Bilendi which securities are recorded in its financial fixed assets. In addition, Qwamplify has proposed to the vote of the General Assembly of Bilendi to be held on June 21, 2018, the appointment of Julien Braun as administrator.
OUTLOOK FOR 2018
The Group remains confident about the increase in its results, given the strong growth of the Media division, the return to organic growth of the CRM Marketing division and the reduction in operating costs. The depreciation of the Mobile asset will also lead to a significant improvement in operating income over the next two years, despite the expenses related to the adaptation of the platform for the Activation division. The Group expects a return to a positive net result in the second half of the year.
Cédric Reny, PDG, comments : « The Group is significantly improving its results, in particular compared to the second half of 2017. The Group's new positioning with its dynamic and the recovery of the Activation activities margins gives us confidence that our results will improve for the 2018 financial year. "
About Qwamplify (formerly Custom Solutions)
QWAMPLIFY - LTD CY with a capital of € 5 507 395
Administrative Headquarters : 135 avenue Victoire, 13790 ROUSSET - FRANCE
Tel : 04 86 91 42 00 - Fax : 04 86 91 42 30
Qwamplify is a European digital & data marketing group serving major brands and e-tailers to develop their sales. The Group offers digital recruitment solutions on web (emailing, SEA & SMA) and mobile (via push notifications), innovative promotional solutions and CRM (digital platforms). For 21 years, Qwamplify has gained a strong reputation among more than 800 advertisers, including: Butagaz, Delonghi, Kärcher, Manitou, Michelin, Nokia, SoLocal, Sony, Coca-Cola, Daxon, Pandora, Hager or Tinder.
Qualified as an "Innovative Company" by Bpi France, the Group, listed on Euronext Growth since 2010, headquartered in Levallois-Perret, is also located in Paris, Bordeaux, Nice, Marseille and Aix-en-Provence and, in Europe, Italy, UK, Finland and Sweden. Last year, at the end of September 2017, it achieved sales of € 19.3 million, up 7.8%, with REX of €0,25 M. The Group had a net cash position of € 6.7m as of September 30, 2017. Qwamplify is also the largest shareholder of Bilendi with 26.2% of the share capital.
CONTACTS
Cédric Reny PDG & founderhttps://fr.linkedin.com/pub/cédric-reny/b7/669/69binvestisseurs@qwamplify.com
Marc Langlet
Chief Financial Officer
Cell phone : +33 (0) 6 63 26 80 45https://www.linkedin.com/in/marc-langlet-1285214/investisseurs@qwamplify.com
Listed on Euronext Growth Paris
ISIN : FR0010889386 - Mnemonic : ALQWA
Eligible to PEA-PME
Labelized « Innovative Company » - BPI France 2017 - 2020.
QWAMPLIFY - LTD CY with a capital of € 5 507 395
Administrative Headquarters : 135 avenue Victoire, 13790 ROUSSET - FRANCE
Tel : 04 86 91 42 00 - Fax : 04 86 91 42 30
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Qwamplify SA published this content on 12 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 June 2018 16:17:02 UTC