ad pepper media International N.V.: ad agents and Webgains with double-digit growth
ad pepper media International N.V.: ad agents and Webgains with double-digit growth Nuremberg, Amsterdam, 15 July 2021
ad pepper Group, one of the leading performance marketing providers in Europe, continues in the second quarter to achieve solid and profitable growth.
Gross sales increased by 11.0 percent to EUR 25,931k (Q2 2020: EUR 23,357k). Group revenue amounts to EUR 6,516k, corresponding to 6.5 percent growth (Q2 2020: EUR 6,116k). Main growth driver was the ad agents segment with a 18.7 percent increase in revenue to 1,914k (Q2 2020: EUR 1,612k). The Webgains segment also saw double-digit growth, with an increase of 15.9 percent to EUR 3,670k (Q2 2020: EUR 3,167k). The ad pepper segment recorded a decline in revenue of 30.3 percent to EUR 932k (Q2 2020: EUR 1,337k). While ad agents and Webgains were once again able to benefit from a dynamic revenue development with both existing and new customers, the revenue development in the ad pepper segment fell short of our own expectations due to subdued order activity on the part of major customers in the German market. We expect a moderate improvement here in the second half of the year.
Group EBITDA for the second quarter amounts to EUR 1,036k (Q2 2020: EUR 1,684k), while the previous year had seen a positive one-off effect of EUR 626k in the webgains segment. On a comparable basis, EBITDA thus remained on previous year's level. The ad agents segment was able to increase its EBITDA to EUR 379k (Q2 2020: EUR 191k). The Webgains segment generated EBITDA of EUR 818k in the second quarter (Q2 2020: EUR 1,565k) Despite a decline in revenue, the ad pepper segment achieved a positive EBITDA of EUR 206k (Q2 2020: EUR 503k).
In the full six-month period, the ad pepper Group generated gross sales of EUR 54,039k (H1 2020: EUR 45,007k) and Group revenue of EUR 13,400k (H1 2020: EUR 11,957k), corresponding to increases of EUR 1,443k and 12.1 percent respectively. EBITDA reached EUR 2,342k in H1 2021 (H1 2020: EUR 2,804k). Cash and cash equivalents of the Group increased significantly to EUR 25,002k (30 June 2020: EUR 22,139k) - despite the share buyback programme completed in April.
For the third quarter ahead, we expect record revenue levels for the Group in the order of approximately EUR 7,000k, which would correspond to revenue growth of approximately 17 percent (Q3 2020: EUR 6,011k).
The report for the first six months 2021 will be published on 21 August 2021.Key figures (unaudited) in kEUR:
? Q2 2021 Q2 2020 H1 2021 H1 2020 Gross sales 25,931 23,357 54,039 45,007 % growth 11.0 ? 20.1 ? Revenue 6,516 6,116 13,400 11,957 % growth 6.5 ? 12.1 ? of which ad pepper 932 1,337 2,166 2,881 % growth -30.3 ? -24.8 ? of which ad agents 1,914 1,612 3,676 3,151 % growth 18.7 ? 16.7 ? of which Webgains 3,670 3,167 7,558 5,925 % growth 15.9 ? 27.6 ? EBITDA 1,036 1,684 2,342 2,804 of which ad pepper 206 503 739 1,207 of which ad agents 379 191 628 309 of which Webgains 818 1,565 1,855 2,168 of which admin -367 -575 -880 -880 Liquid funds* ? ? 25,002 22,139 ?
*including securities at fair value
For more information: Dr Jens K?rner (CEO) ad pepper media International N.V. +49 (0) 911 email@example.com
15-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: ad pepper media International N.V. Frankenstrasse 150 C 90461 Nuremberg
Germany Phone: +49 911 9290570 Fax: +49 911 929057-157 E-mail: firstname.lastname@example.org Internet: www.adpeppergroup.com ISIN: NL0000238145 WKN: 940883 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1219390 ? End of Announcement DGAP News Service