17.10.11 07:30
Category: Ad hoc releases, Annual documents 2011

ad pepper media boosts third-quarter sales by 9 percent

Nuremberg, Amsterdam, October 17, 2011 - ad pepper media International N.V. generated growth of 9.1 percent in the past third quarter, thus making a key contribution to the company’s overall growth of 6.9 in the first nine months of the financial year. Consolidated sales surged from EUR 37,144k to EUR 39,722k, the highest figure ever reported for the nine-month period in the company’s history. This growth was driven by substantial upturns in the Webgains and ad agents segments, where sales rose by 18 percent and 28 percent respectively. The Group’s gross margin slightly decreased compared to the same period last year to EUR 16,843k (Q1-Q3 2010: EUR 16,897k).

Despite this pleasing third-quarter growth, key profitability figures for the nine-month period as a whole fell short of the company’s own expectations, a development due in particular to the operating earnings posted for the first half of the year. EBITDA thus totaled EUR -2,446k (Q1-Q3 2010: EUR 1,050k). EBIT amounted to EUR -2,840k, as against EUR 504k in the equivalent period in the previous year.

Liquid funds (including securities measured at fair value and time deposits) reduced to EUR 16,426k (30.9.2010: EUR 23,055k). Furthermore, ad pepper media owns 1,759,292 treasury stock shares. The company still has no liabilities to banks. The equity ratio decreased to 69.9 percent (30.9.2010: 74.6 percent).

The report for the 3rd quarter of 2011 will be published on November 9, 2011.

Year-on-year comparison of key figures (unaudited):

   

   

Q1-Q3 2011

Q1-Q3 2010

% change

Sales

EUR000s

39,722

37,144

+6.9

Gross margin

EUR000s

16,843

16,897

-0.3

EBITDA

EUR000s

-2,446

1,050

>100

EBIT

EUR000s

-2,840

504

>100

EBT

EUR000s

-2,233

2,499

>100

Consolidated
net income

EUR000s

-2,669

2,528

>100

Earnings/share
(basic)

EUR

-0.13

0.10

>100

   

   

09.30.11

09.30.10

     

Liquid funds

EUR000s

16,426

23,055

-28.8

Equity

EUR000s

21,734

26,673

-18.5

Total assets

EUR000s

31,076

35,770

-13.1


For more information:
Jens Körner (CFO)
ad pepper media International N.V.
phone: +49 (0) 911 929057-0
fax: +49 (0) 911 929057-157
email: ir(at)adpepper.com

© 2014 ad pepper media International N.V.