ad pepper media continues its successful course
Back to overviewConvincing positive cash-flow from current business activities
Nuremberg, Hoofddorp, The Netherlands, 22 October 2003
For the last five quarters in a row, ad pepper media International N.V. has produced positive results, due above all to the tangible expansion of basic turnover, as well as to on-going cost management.
In the third quarter of 2003, ad pepper media achieved a turnover of 4,692 TEUR (Q3/2002: 3,446 TEUR), representing a growth of 36% over the same quarter of the previous year. Gross margin rose by 39% to 2,282 TEUR (Q3/2002: 1,637 TEUR). Earnings before interest and taxes increased from – 217 TEUR to 97 TEUR. The results for the period rose from 22 TEUR in the third quarter of 2002 to 396 TEUR in the third quarter of 2003.
Total turnover in the first nine months of the current fiscal year was 13.7 million EUR, 48% above that for the same period of the previous year. In the first nine months of 2003, a gross margin of 6.6 million EUR was achieved, a growth of 67% compared with the same period of the previous year. EBIT for the first nine months of 2003 was 221 TEUR, compared with the previous year’s figure of – 2.0 million EUR. Profits for the last nine month period were 1.1 million EUR, compared with a deficit of 1.3 million EUR in the comparable period last year.
The company generated a positive cash-flow of 1.5 million EUR from current business activities in the third quarter of 2003, with positive effects for the already excellent liquidity. As of 30.09.2003 ad pepper media possessed liquid resources amounting to 29.1 million EUR, including short-term liquidisable fixed asset securities.
Figures for 2003/ 2002 in accordance with US GAAP:
| Q3/2003 | Q3/2002 | Diff. | Q1-Q3/2003 | Q1-Q3/2002 | Diff. | ||
| Turnover | KEURO | 4.692 | 3.446 | 36% | 13.715 | 9.249 | 48% |
| Gross margin | KEURO | 2.282 | 1.637 | 39% | 6.625 | 3.958 | 67% |
| Operating costs | KEURO | 2.186 | 1.853 | 18% | 6.404 | 5.985 | 7% |
| EBIT | KEURO | 97 | -217 | 221 | -2.026 | ||
| Year profit/ deficit |
KEURO | 396 | 22 | 1.053 | -1.262 | ||
| Profit/loss per share |
EURO | 0,04 | 0,00 | 0,10 | -0,12 | ||
| 30.09.03 | 31.12.02 | ||||||
| Liquid resources* | KEURO | 29.093 | 28.479 | ||||
| Equity capital | KEURO | 34.462 | 33.915 | ||||
| Balance sheet total | KEURO | 40.065 | 39.282 |
*including all short term liquidisable securities
The acquisition of the Italian online marketer Clickit is not yet considered in the third quarter results. The new subsidiary will be consolidated from fourth quarter on.
The complete nine-month report from ad pepper media International N.V. will be published on 18 November 2003 and can be downloaded from: www.adpepper.com from this date.