ad pepper media International N.V. with best quarter in more than 10 years
17 July 2017 - 7:40am
Nuremberg, Amsterdam, July 17, 2017 - ad pepper media International N.V. generated sales growth of 25.5 percent in the second quarter, significantly exceeding the solid growth of 13.5 percent already reported for the first quarter. For the six-month period as a whole, the group posted further record sales of EUR 33,796k (H1 2016: EUR 28,300k), equivalent to growth of 19.4 percent.
The ad agents segment once again reported a particularly dynamic performance, increasing its sales by EUR 1,677k, or 31.6 percent, to EUR 6.979k (H1 2016: EUR 5,302k). The ad pepper segment grew at a similarly high rate, with sales growth of EUR 684k, or 27.1 percent (H1 2016: EUR 2,526k). Sales in the Webgains segment rose by 15.3 percent to EUR 23,607k (H1 2016: EUR 20,471k). Adjusted for currency items, sales growth in this segment came to 24.0 percent.
The group’s gross profit for the second quarter increased by 15.0 percent to EUR 4,548k. Gross profit for the first half year rose by 11.8 percent to EUR 8,664k. This growth was largely driven by the segments ad pepper (42.9 percent) and ad agents (21.5 percent). Gross profit of the webgains segment rose slightly by 1.0 percent. Adjusted for currency items, gross profit growth of this segment came to 8.0 percent.
Despite higher operating expenses largely relating to investments in the Webgains segment, the group generated EBITDA of EUR 746k in the second quarter. This represents the best operating earnings figure for more than the past 10 years. EBITDA for the half-year period as a whole came to EUR 500k (H1 2016: EUR 1,028k), with the ad agents segment increasing its EBITDA by EUR 38k to EUR 462k (H1 2016: EUR 424k). The ad pepper segment improved its EBITDA to EUR 657k (H1 2016: EUR 400k), while the Webgains segment generated EBITDA of EUR 396k (H1 2016: EUR 992k).
Liquid funds (including securities measured at fair value) amounted to EUR 18,404k (December 31, 2016: EUR 19,593k). The group still has no liabilities to banks.
The report on the first six months of 2017 will be published on August 16, 2017.
Year-on-year comparison of key figures (unaudited):
|Gross profit||EUR 000s||8,664||7,749||11.8|
|Liquid funds*||EUR 000s||18,404||19,948||-7.7|
|Total assets||EUR 000s||29,965||28,322||5.8|
*including securities measured at fair value