14.10.10 14:30
Category: Ad hoc releases, Annual documents 2010

ad pepper media International N.V. sees profits leap in the third quarter 2010

Nuremberg, Amsterdam, 14 October 2010 - ad pepper media International N.V. recorded the group's highest ever earnings before taxes (EBT) in a third quarter totaling kEUR 1,444 (Q3 2009: kEUR -31,320). For the first nine months of the financial year, EBT totalled kEUR 2,499 and is hence also much higher than the previous year (Q1-Q3 2009: kEUR -33,310). Earnings before interest, taxes, depreciation and amortisation (EBITDA) were also positive totaling kEUR 1,050 (Q1-Q3 2009: kEUR -29,539), as were earnings before interest and taxes (EBIT) totaling kEUR 504 (Q1-Q3 2009: -31,378). Net income for the period totaled kEUR 2,528 (Q1-Q3 2009: kEUR -33,780), the basic earnings per share thus rose to EUR 0.105.

On a proforma basis, i.e., taking the discontinuation of activities in Italy into consideration, sales grew in the first three quarters of fiscal year 2010 by 10.3 percent. The Webgains (Affiliate marketing) and ad agents (SEO and SEM) segments were once again the key growth drivers in the ad pepper media group with 29.5 percent and 21.5 percent, respectively (in each case compared to the same period of the previous year). The adjusted gross margin rose over proportionally to 11.5 percent.

The cash item (liquid funds, including securities at fair value and time deposits) increased by kEUR 1,209 compared to the previous quarter to kEUR 23,055 even though kEUR 400 were invested in minority stakes. This represents the highest level in the past two years. There are no liabilities due to banks. Equity ratio as per 30 September 2010 is at 75 percent (31 December 2009: 65 percent).

The first nine months report will be published on 11 November 2010.

Key figures (unaudited) for the financial year 2010 vs. 2009:

Q1-Q3 2010

Q1-Q3 2009

Change in %

Sales

kEUR

37,144

34,526

+7.6

Gross margin

kEUR

16,897

15,532

+8.8

EBITDA

kEUR

1,050

-29,539

>100

EBIT

kEUR

504

-31.378

>100

EBT

kEUR

2,499

-33,310

>100

Group result

kEUR

2,528

-33,780

>100

Earnings per share (basic)

EUR

0.105

-1.56

>100

30.09.10

30.09.09

Change in %

Liquid funds

kEUR

23,055

21,143

+9.0

Equity

kEUR

26,674

21,480

+24.2

Total assets

kEUR

35,795

32,025

+11.8


For further information:
Jens Körner (CFO)
ad pepper media International N.V.
Phone: +49 (0) 911 929057-0
Fax: +49 (0) 911 929057-157
E-mail: ir(at)adpepper.com

© 2014 ad pepper media International N.V.