Ad pepper media International N.V. announces third quarter results
October 19, 2023 at 09:42 am EDT
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EQS-Ad-hoc: ad pepper media International N.V. / Key word(s): 9 Month figures/Preliminary Results
ad pepper media International N.V. announces third quarter results
19-Oct-2023 / 15:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Nuremberg, Amsterdam, 19 October 2023
In Q3 2023, the ad pepper Group, one of Europe's leading performance marketing companies, recorded gross sales of EUR 21,414k (Q3 2022: EUR 23,644k) and Group revenue of EUR 5,383k (Q3 2022: EUR 5,931k). While the Webgains and ad agents segments` revenues were down by 11 percent to EUR 2,923k (Q3 2022: EUR 3,277k) and 12 percent to EUR 1,770k (Q3 2022: EUR 2,002k), respectively, the ad pepper segment posted a revenue increase of 6 percent to EUR 690k (Q3 2022: EUR 652k).
Despite the revenue decline, with EUR 101k (Q3 2022: EUR 410k) the Group achieved - for the first time in 2023 - a positive EBITDA on a quarterly basis. This figure includes expenses in the amount of around EUR 300k in connection with the envisaged majority acquisition of solute GmbH & Co. KG. The segment EBITDAs are as follows: In the quarter under review, the Webgains segment recorded an EBITDA of EUR 724k (Q3 2022: EUR 538k), ad agents reported an EBITDA of EUR 61k (Q3 2022: EUR 185k), while the ad pepper segment contributed an EBITDA of EUR 6k (Q3 2022: EUR 58k).
In the entire nine-month period, gross sales reached EUR 61,973k (Q1-Q3 2022: EUR 70,197k) and Group revenue EUR 15,881k (Q1-Q3 2022: EUR 17,684k). The EBITDA for the first three quarters amounted to EUR -345k, despite the turnaround in the third quarter (Q1-Q3 2022: EUR 256k).
In the upcoming fourth quarter, we anticipate a further decline in revenue compared to the corresponding period of the previous year. However, due to implemented cost optimization measures, we still expect positive EBITDAs in all three months of the final quarter.
The report for the third quarter of 2023 will be published on 17 November 2023.
Key figures (unaudited) in EURk:
Q3 2023
Q3 2022
Q1-Q3 2023
Q1-Q3 2022
Gross sales
21,414
23,644
61,973
70,197
% growth
-9.4
-11.7
Revenue
5,383
5,931
15,881
17,684
% growth
-9.2
-10.2
of which ad pepper
690
652
1,831
2,109
% growth
5.9
-13.2
of which ad agents
1,770
2,002
5,377
6,036
% growth
-11.6
-10.9
of which Webgains
2,923
3,277
8,673
9,539
% growth
-10.8
-9.1
EBITDA
101
410
-345
256
of which ad pepper
6
58
38
224
of which ad agents
61
185
37
647
of which Webgains
724
538
1,200
400
of which admin
-690
-371
-1,620
-1,015
Liquid funds*
19,343
18,222
*including securities at fair value
For more information:
Dr Jens Körner (CEO)
ad pepper media International N.V.
+49 (0) 911 929057-0
ir@adpepper.com
End of Inside Information
19-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
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.
AD PEPPER MEDIA INTERNATIONAL N.V. 
