ad pepper media closes 2005 with record quarter

Back to overview

Nuremberg, Amsterdam, The Netherlands, 24 March 2006

ad pepper media publishes its preliminary company figures in accordance with the International Financial Reporting Standards (IFRS). Details for the previous year have been adjusted accordingly.

With an increase in turnover for the total year of 32 percent to EUR 29.4 mil-lion (previous year: EUR 22.2 million) ad pepper media once again exceeded the industry average growth-rate of 12 to 15 percent. The consistent development of turnover achieved in the first nine months continued into the fourth quarter, notwithstanding the siginificant acquisition of mediasquares GmbH. In the fourth quarter of 2005, ad pepper media achieved almost EUR 11 million, making quarterly double figure millions for the first time in its his-tory an increase in turnover over the previous quarter (EUR 6.6 million) of 66.2 percent.

EBIT (Earnings Before Interest and Taxes) of 228 kEUR represents an increase of 58 percent on the comparable quarter in 2004, even after the es-tablishment of new business areas, such as website services (webstats4U) with the associated restructuring costs essential for long-term security.  EBIT of 497 TEUR in the fourth quarter of 2005 showed a notable increase of 115 percent compared with the previous quarter (231 kEUR). Pre-tax results amount to EUR 0.95 million (previous year: EUR 1.36 million). The group’s net income for the year was EUR 3.39 million, after EUR 3.95 million in 2004.

The balance sheet structure as of 31 December 2005 remains extremely sound, with an equity capital ratio of 84 percent. Even after the acquisitions and investments in technology carried out in fiscal year 2005, liquidity hold-ings remain comfortable at a figure of EUR 17.5 million (31 December 2004: EUR 25.2 million), which will be further increased by divestments after the balance sheet closing date in the first quarter of 2006.

A telephone conference will be held with the management board at 10.00 a.m. on 29 March 2006.

The annual general meeting of ad pepper media International N.V. will be held on 12 May 2006 in Amsterdam (The Netherlands).

Preliminary figures for 2005/2004, in accordance with IFRS:

Q4/2005 Q4/2004* Diff. FY 2005 FY 2004 Diff.
Turnover kEUR 10,975 7,132    54% 29,440 22,243    32%
Gross margin kEUR 4,798 2,993  60% 13,138 9,875   33%
Operating costs kEUR 4,301  2,901     48% 12,910 9,731    33%
EBIT kEUR    497      92  440% 228 144 58%
Net income kEUR    3,120    2,968 5% 3,394 3,949 -14%
Profit per share (undiluted) EUR   0.29   0.29 0% 0.32 0.38 -16%
31.12.05 31.12.04*
Liquid resources** kEUR 17,536 25,197
Equity capital kEUR 43,941 40,087
Balance sheet total kEUR

*Adjusted to previous year’s figures
** including short-term liquidisable fixed asset securities and
restricted cash