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AD PEPPER MEDIA INTERNATIONAL N.V. (FRA:APM) DGAP-Adhoc: ad pepper media International N.V. generates EBITDA of EUR 1.4 million

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DGAP-Ad-hoc: ad pepper media International N.V. / Key word(s): Annual Results/Preliminary Results
ad pepper media International N.V. generates EBITDA of EUR 1.4 million

14-Feb-2019 / 08:27 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. generates EBITDA of EUR 1.4 million

Nuremberg, Amsterdam, February 14, 2019 - Based on preliminary and unaudited figures, ad pepper media International N.V. concluded the past financial year with EBITDA of EUR 1,354k (2017: EUR 2,209k), one of the best results in the company's 20-year history.

To enhance comparability of the Group's segment sales, for all three of its operating segments the company will distinguish in future between gross sales generated (i.e. the amounts invoiced to our customers) and the net revenue to be determined pursuant to IFRS 15 (i.e. gross sales less media costs).

Consistent with this approach, the Group's gross sales totaled EUR 82,653k in the past financial year, corresponding to year-on-year growth of 9.4 percent (2017: EUR 75,563k). This represents the highest figure in the company's history. Net revenue also reached a record level and amounted to EUR 20,273k in 2018 (2017: EUR 18,724k). Operating expenses came to EUR 18,519k in the 2018 financial year (2017: EUR 16,530k), equivalent to an increase of 12.0 percent. Further investments made in sales, marketing and technology activities as well as one-off expenses resulted in higher operating expenses, as a result of which the Group generated EBITDA of EUR 1,354k.

The three operating segments posted somewhat disparate developments. The ad pepper media segment reported its strongest performance in the company's history, with gross sales of EUR 10,619k (+55.9 percent), net revenue of EUR 5,109k (+43.8 percent), and EBITDA of EUR 1,616k (2017: EUR 973k) while results at the ad agents and Webgains segments fell short of previous year's figures. The ad agents segment generated gross sales of EUR 17,096k (2017: EUR 17,354k) and net revenue of EUR 5,011k (2017: EUR 5,422k), resulting in EBITDA of EUR 40k and thus significantly lower than in the previous year (2017: EUR 1,258k). Gross sales at Webgains amounted to EUR 54,938k in the past financial year, corresponding to year-on-year growth of 6.9 percent (2017: EUR 51,399k), with net revenue coming to EUR 10,153k (2017: EUR 9,749k). Thanks to a successful fourth quarter with growth of 12,1 percent (gross sales) and EBITDA of EUR 406k, this segment generated EBITDA of EUR 631k for the past financial year (2017: EUR 1,308k).

Liquid funds (including securities measured at fair value) amounted to EUR 20,507k (December 31, 2017: EUR 22,642k). The company still has no liabilities to banks.

The 2018 Annual Report will be published on March 28, 2019.

 

Comparison of key figures (preliminary and unaudited) for 2018 and 2017:

    2018 2017 % change
Gross sales* EUR 000s 82,653 75,563 9.4
Net revenue** EUR 000s 20,273 18,724 8.3
Gross profit EUR 000s 19,546 18,348 6.5
EBITDA EUR 000s 1,354 2,209 -38.7
EBIT EUR 000s 1,027 1,818 -43.5
EBT EUR 000s 838 1,801 -53.5
         
Equity EUR 000s 16,512 16,517 -0.0
Liquid funds*** EUR 000s 20,507 22,642 -9.4
 

* Gross sales represent the total amount billed to clients by the Group, net of discounts and VAT.

** Net revenue to be determined pursuant to IFRS 15 (i.e. gross sales less media costs)

*** Including securities measured at fair value

For further information:
Dr. Jens Körner (CEO)
ad pepper media International N.V.
+49 (0) 911 929057-0
ir@adpepper.com
www.adpeppergroup.com


14-Feb-2019 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

 
End of Announcement DGAP News Service

775833  14-Feb-2019 CET/CEST

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