ad pepper media achieved best result in company’s historyBack to overview
- Turnover increases by 41.6 percent to EUR 41.7 million Euros
- EBIT (earnings before interest and taxes) rises from 0.23 million euros to 5.8 million Euros
- Operative cash flow grows nearly seven-fold to 3.1 million Euros
Nuremberg, Germany / Amsterdam, The Netherlands, March 28, 2007
The Management Board of ad pepper media International N.V. today announces the company`s figures according to IFRS for fiscal year 2006. Compared to the previous year, ad pepper group was able to increase turnover by 41.6% to 41.69 million Euros. (Previous year: 29.44 million Euros.) Earnings before interest and taxes (EBIT) improved from 0.228 million Euros to 5.821 million Euros. Cash flow from operating activities rose by 575% to 2.14 million Euros. ad pepper was thus able to achieve the best results in its history to date.
An essential impulse for the strong EBIT was income generated by the sale of minority holdings in dMarc Broadcasting and Falk eSolutions at the beginning of 2006. One portion of the proceeds from these divestments was used for the strategic acquisitions of 100% in Crystal Reference Systems and Webgains, which are either currently being prepared for European rollout or are already successfully active on the market. Against this background, not insignificant investments were made in technology and in additional qualified personnel during the fourth quarter; these investments will fully start to pay off from the second half of the current fiscal year. Fourth quarter was also influenced by one-time-only effects in connection with the issuance of current stock option plan (approx. 0.8 million Euros) and additional provisions for doubtful accounts (approx. 0.8 million Euros). Overall, the company anticipates continued highly dynamic growth in turnover in 2007, combined with a significant improvement in operative earnings. Balance sheet structure remains extremely solid with an equity ratio of 76.9 percent as of December 31, 2006. Even after the acquisitions and investments in technologies made during the 2006 fiscal year, comfortable liquid funds of 22.7 million Euros still remain (compared to 17.5 million Euros on December 31, 2005).
The annual report will be published on March 30, 2007
|2006 FY||2005 FY||Change|
|Cash and cash equivalents||KEUR||22,678||17,536||29%|
For further information:
Jens Körner (CFO)
ad pepper media International N.V.
Tel.: +49 911 929057-0
Fax: +49 911 929057-157