ad pepper media International N.V. sees profits leap in the third quarter 2010

Nuremberg, Amsterdam, 14 October 2010 – ad pepper media International N.V. recorded the group’s highest ever earnings before taxes (EBT) in a third quarter totaling kEUR 1,444 (Q3 2009: kEUR -31,320). For the first nine months of the financial year, EBT totalled kEUR 2,499 and is hence also much higher than the previous year (Q1-Q3 2009: kEUR -33,310). Earnings before interest, taxes, depreciation and amortisation (EBITDA) were also positive totaling kEUR 1,050 (Q1-Q3 2009: kEUR -29,539), as were earnings before interest and taxes (EBIT) totaling kEUR 504 (Q1-Q3 2009: -31,378). Net income for the period totaled kEUR 2,528 (Q1-Q3 2009: kEUR -33,780), the basic earnings per share thus rose to EUR 0.105.

On a proforma basis, i.e., taking the discontinuation of activities in Italy into consideration, sales grew in the first three quarters of fiscal year 2010 by 10.3 percent. The Webgains (Affiliate marketing) and ad agents (SEO and SEM) segments were once again the key growth drivers in the ad pepper media group with 29.5 percent and 21.5 percent, respectively (in each case compared to the same period of the previous year). The adjusted gross margin rose over proportionally to 11.5 percent.

The cash item (liquid funds, including securities at fair value and time deposits) increased by kEUR 1,209 compared to the previous quarter to kEUR 23,055 even though kEUR 400 were invested in minority stakes. This represents the highest level in the past two years. There are no liabilities due to banks. Equity ratio as per 30 September 2010 is at 75 percent (31 December 2009: 65 percent).

The first nine months report will be published on 11 November 2010.

Key figures (unaudited) for the financial year 2010 vs. 2009:

For further information:
Jens Körner (CFO)
ad pepper media International N.V.
Phone: +49 (0) 911 929057-0
Fax: +49 (0) 911 929057-157
E-mail: ir@adpepper.com