ad pepper media International N.V.
ad pepper media International N.V. posts strong first-quarter growth
ad pepper media International N.V. / Key word(s): Quarter Results/Preliminary Results ad pepper media International N.V. posts strong first-quarter growth The group’s gross profit rose by around 8.5 percent in the first quarter of 2017. While the ad pepper and ad agents segments reported strong gross profit growth of 72.4 percent and 22.7 percent respectively, gross profit at the Webgains segment decreased by 6.9 percent. On a currency-adjusted basis, this reduction came to 0.3 percent. Operating expenses on group level rose by EUR 1,233k, or 38.1 percent, in the first three months (Q1 2016: EUR 3,233k). Alongside positive one-off items in the equivalent period in the previous year, severance payments and investments in the Webgains segment (especially in connection with the IBM Watson project) led to higher expenses in the period under report. Accordingly, and as expected, the group’s key profitability figures for the first quarter are slightly negative. Group EBITDA came to EUR -246k (Q1 2016: EUR 519k). The ad pepper segment doubled its EBITDA to EUR 189k (Q1 2016: EUR 94k). While EBITDA of the ad agents segment amounted to EUR 239k and remained almost stable at prior year’s level (Q1 2016: EUR 246k), the Webgains segments generated EBITDA of EUR -72k (Q1 2016: EUR 531k). We still expect to achieve consolidated EBITDA in a range of EUR 1.0m to EUR 1.5m in the 2017 financial year as a whole. Liquid funds (including securities measured at fair value) amounted to EUR 18,443k (December 31, 2016: EUR 19,593k). The group still has no liabilities to banks.
*including securities measured at fair value
19-Apr-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | ad pepper media International N.V. |
Prins Bernhardplein 200 | |
1101 CB Amsterdam | |
Netherlands | |
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, Munich, Stuttgart |
End of Announcement | DGAP News Service |