ad pepper media International N.V.: Preliminary results for first quarter of 2014

Nuremberg, Amsterdam, April 16, 2014 – Based on preliminary figures, ad pepper media International N.V. closed the first quarter 2014 with sales of EUR 11,579k. This corresponds to a decline of 10.9  percent compared with the equivalent figures for the previous year (Q1 2013: EUR 12,996k). On a like-for-like basis, i.e. before disposals of group companies in 2013, the decline amounted to 1.1 percent.

Gross profit reduced significantly by 27.9 percent to EUR 4,137k (Q1 2013: EUR 5,741k). On a like-for-like basis, gross profit reduced by 12.3 percent. At the same time, operating expenses reduced by 9.6 percent to EUR 5,129k (Q1 2013: EUR 5,673k).

Accordingly, the first three months of the year closed with negative profitability figures:  EBITDA for the past quarter amounts to EUR -936k (Q1 2013: EUR 134k). EBIT for the first three months of the year amounts to EUR -991k (Q1 2013: EUR 68k). EBT for the past quarter amounts to EUR -687k (Q1 2013: EUR 106k).

Liquid funds (including securities measured at fair value and fixed-term deposits) amount to EUR 20,045k (December 31, 2013: EUR 21,702k). The company still has no liabilities to banks.

The report on the first quarter of 2014 will be published on May 14, 2014.

Year-on-year comparison of key figures (unaudited):

For more information:
Jens Körner (CFO)
ad pepper media International N.V.
phone: +49 (0) 911 929057-0
fax: +49 (0) 911 929057-157
email: ir@adpepper.com