ad pepper media International N.V., NL0000238145

ad pepper media International N.V., NL0000238145

19.04.2017 - 08:47:39

ad pepper media International N.V. posts strong first-quarter growth

ad pepper media International N.V. posts strong first-quarter growth Nuremberg, Amsterdam, April 19th, 2017 ad pepper media International N.V. concluded the first three months of the financial year with new record sales of EUR 16,367k, corresponding to growth of 13.5 percent (Q1 2016: EUR 14,418k). With sales growth of EUR 347k, or around 31.5 percent, the ad pepper segment posted an especially dynamic performance (Q1 2016: EUR 1,103k). The ad agents segment also reported strong growth of EUR 786k, or 29.6 percent (Q1 2016: EUR 2,657k). The Webgains segment grew by 7.7 percent to EUR 11,475k (Q1 2016: EUR 10,657k). Adjusted for currency items, sales growth in this segment came to around 16.5 percent.

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. The report on the first three months of 2017 will be published on May 19th, 2017.Year-on-year comparison of key figures (unaudited):

    Q1/2017 Q1/2016 % change Sales EUR 000s 16,367 14,418 13.5 Gross profit EUR 000s 4,116 3,793 8.5 EBITDA EUR 000s -246 519 <-100.0 EBIT EUR 000s -350 561 <-100.0 EBT EUR 000s -347 626 <-100.0     03.31.2017 03.31.2016 % change Liquid funds* EUR 000s 18,443 19,638 -6.1 Equity EUR 000s 14,927 16,061 -7.1 Total assets EUR 000s 28,721 29,113 -1.3  

*including securities measured at fair value

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

19-Apr-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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

565455  19-Apr-2017 CET/CEST

@ dgap.de

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