ad pepper media announces interim figures for third quarter of 2007Back to overview
Nuremberg, Amsterdam, Netherlands, 21 November 2007
ad pepper media International N.V. was able to increase sales by 20% to kEUR 12,014 in the 3rd quarter of 2007 compared with kEUR 10,015 for the corresponding period of the previous year. The gross margin rose to kEUR 5,305 (Q3/2006: kEUR 4,941). EBITDA in the completed three months amounted to kEUR 1,895 (Q3/2006: kEUR 790). EBT for the 3rd quarter of 2007 was kEUR 1,232 (Q3/2006: kEUR 614).
Cash and cash equivalents increased over the previous quarter by some EUR 1.0 million to EUR 15.7 million; this figure does not include the approx. EUR 4.3 million to be transferred by Google in the coming weeks as a further milestone payment (dMarc Broadcasting), which in accordance with IFRS will affect 3rd quarter results.
In operational terms, the 3rd quarter was still geared to the roll-outs of Webgains and mediasquares and further investment in new technologies and products. Worth mentioning in this connection are the market launch of our semantic targeting technology iSense in Germany and the integration of Emediate ad server technology into the entire ad pepper network.
A cost reduction and efficiency optimization programme has also been implemented, in the course of which higher provisions were necessary for personnel adjustment measures. Together with extraordinary depreciation on intangible assets (self-produced software) and receivables, the figures for the third quarter include total nonrecurring expenses of EUR 1.5 million.
The full quarterly report will be published on 29 November 2007 and will then be available for downloading at: www.adpepper.com.
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For further information:
Jens Körner (CFO)
ad pepper media International N.V.
Tel.: +49 911 929057-0
Fax: +49 911 929057-157