XLMedia PLC : Final Results for the Year Ended 31 December 2017
Post-period end highlightsRaised an additional $43.6 million of cash to further accelerate acquisition strategy Acquired a number of leading Finnish gambling related informational websites from Good Game Ltd for a total consideration of up to €15 million Acquired three personal finance websites based in the US for a total consideration of $5.15 million.
Ory Weihs, Chief Executive Officer of XLMedia, commented:
“We are delighted to have delivered another record performance for the Group, underpinned by our clear strategic vision. Our recent entry into the personal finance sector is already delivering tangible benefits with potential for further upside, while the core activities continue to deliver solid growth.
“Elsewhere, core markets continue to perform well, and alongside the acquisitions and ongoing investment in technology, we are confident these will generate significant returns.
“Further to the fundraising completed in January, we believe we will be able to capitalise on our acquisition pipeline in addition to growing the business organically. The Board remains focused on continuing to deliver further progress and shareholder value.”
For the full final results announcement, please visit our website at the following address: http://www.xlmedia.com/regulatory-news/
A webcast of our results presentation will be available on our website later today: http://www.xlmedia.com/media/