ad pepper media International N.V. with good Q3 - raises EBITDA forecast again

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Nuremberg, Amsterdam, October 17, 2019 – ad pepper media, one of Europe’s leading performance marketing providers, generated revenue for the group of EUR 5,031k in the third quarter (Q3 2018: EUR 5,038k). Third-quarter EBITDA came to EUR 565k corresponding to year-on-year growth of 74.4 percent (Q3 2018: EUR 324k). The segment EBITDA figures are consistently positive: ad pepper generated EUR 384k (Q3 2018: EUR 623k), Webgains EUR 200k (Q3 2018: EUR 56k) and ad agents EUR 262k (Q3 2018: EUR -77k).

For the first nine month period as a whole, ad pepper media can report revenue of EUR 15,821k, equivalent to growth of 6.9 percent (Q1-Q3 2018: EUR 14,807k). At EUR 2,157k, nine month EBITDA was significantly ahead of the previous year (Q1-Q3 2018: EUR 926k).

Given the positive business performance, the Board of Directors of ad pepper media International N.V. expects the EBITDA for the 2019 financial year to be in a range between EUR 2,750k and EUR 3,000k (previous forecast: EUR 2,500k).

Liquid funds as end of Q3 2019 amount to EUR 21,619k (Q3 2018: EUR 18,835k) equivalent to around EUR 1.00 per share.

The report on the first nine months of 2019 will be published on November 19th, 2019.

Key figures (unaudited) in EUR 000s:

	Q3 2019	Q3 2018	Q1-Q3 2019	Q1-Q3 2018
Gross sales	18,834	20,192	59,658	57,909
% growth	-6.7		3.0
Revenue	5,031	5,038	15,821	14,807
% growth	-0.1		6.9
of which ad pepper media	1,146	1,417	4,149	3,971
% growth	-19.1		4.5
of which ad agents	1,573	1,136	4,271	3,778
% growth	38.4		13.0
of which Webgains	2,312	2,485	7,401	7,058
% growth	-7.0		4.9
EBITDA	565	324	2,157	926
of which ad pepper media	384	623	1,773	1,633
of which ad agents	262	-77	494	78
of which Webgains	200	56	1,005	226
of which admin	-281	-279	-1,115	-1,011
Liquid funds			21,619	18,835

For further information:
Dr. Jens Körner (CEO)
ad pepper media International N.V.
+49 (0) 911 929057-0
ir@adpepper.com
www.adpeppergroup.com