Cliq Digital AG
- WKN: A0HHJR
- ISIN: DE000A0HHJR3
- Land: Deutschland
Nachricht vom 14.06.2012 | 12:52
Bob Mobile AG: announces preliminary results for the full year 2011 and the first quarter of 2012 - Quarterly revenue increases by 92 percent
Bob Mobile AG / Key word(s): Quarter Results/Final Results
Bob Mobile AG (WKN A0HHJR, ISIN DE000A0HHJR3) announces preliminary results for the full year 2011 and the first quarter of 2012 - Quarterly revenue increases by 92 percent
First quarter 2012: positive performance, projected figures for 2012 confirmed
Consolidated group EBITDA showed a positive development: the 'Premium' unit contributes substantially, while the 'Freemium' unit was just under break-even with Euro -0.5 million in the first quarter. In the first quarter of 2012, no positive cost synergies from the Cliq acquisition are materializing yet. The synergies will only apply from the third quarter 2012 onwards, while the first two quarters still include additional merger and integration costs. Due to the fact that the IFRS handling (particularly purchase price allocation, goodwill amortization and depreciation) has not yet been finalized, the final Q1-2012 balance sheet figures will be released within the next month.
The adjusted consolidated EBITDA for the full year 2011 amounts to Euro +0.35 million (2010: Euro 3.1 million). This adjusted EBITDA excludes merger costs of Euro 0.65 million. The EBITDA for the full year 2011 amounts to Euro - 0.30 million, including merger costs. In the first three quarters of 2011, there was a negative EBITDA as the positive EBITDA of the mobile activities didn't fully compensate the negative EBITDA of the games activities. In the fourth quarter the improved EBITDA in the games unit lead to a positive EBITDA (Euro 0.2 million including and Euro 0.6 million excluding merger cost) for the total company.
The unit Freemium & Online Games (specifically Just A Game GmbH) showed a revenue growth of 300 percent (from Euro 1.0 million in 2010 to Euro 4.0 million in 2011) in the 2011 fiscal year. The lower than expected growth was caused by a delay in internationalization of the unit. The main reasons for this were technical delays, which have been overcome since then. The Executive Board anticipates a further significant growth of this promising business area in 2012.
The consolidated total after tax income for 2011 amounts to Euro -2.5 million before minority interests (2010: Euro +1.8 million). In addition to normal depreciation charges of Euro 0.8 million (2010: Euro 0.4 million) especially extraordinary write-offs, totaling Euro 1.4 million lead to this result. The write-offs resulted from extraordinary depreciations related to the sale of the Adult activities and media (Euro 1.0 million) as well as revaluations of licenses, particularly regarding the games license trading sector (Euro 0.4 million). After minority interests, the net result is Euro -3.8 million. The profit shares of the minorities (esp. Guerilla Mobile Berlin GmbH) cease in 2012 as a result of the purchase of the minority shares.
The 2011 results of Bob Mobile AG are based on first time full IFRS. The appointed auditor is currently finalizing the audit of the figures. The final figures and the full 2011 annual report will be published before 2nd July 2012. The Annual General Meeting of Bob Mobile AG will take place on 24 August 2012 in Düsseldorf.
Annual results 2011 of the acquired Cliq BV on plan
Cliq B.V., which has been acquired by Bob Mobile AG, has completed the fiscal year 2011 as planned. Cliq B.V. realized Euro 58 million revenues in the business year 2011 (corresponding to reported net sales excluding mobile operator share of Euro 41.5 million). The adjusted EBITDA (excluding merger costs) was at Euro 16 million according to plan. The net result amounted to Euro 6.6 million. The net result includes goodwill amortization of Euro 2.8 million. From fiscal year 2012 onwards Cliq B.V. will be fully consolidated within the Bob Mobile AG.
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