ad pepper media International N.V. with revenue growth and jump in profits, positive group guidance for 2019

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Nuremberg, Amsterdam, April 23, 2019 – ad pepper media International N.V. generated gross sales (i.e. amounts invoiced to our customers) of EUR 20,654k in the first quarter of 2019, corresponding to year-on-year growth of 8.7 percent (Q1 2018: EUR 19,002k). The Webgains segment posted double-digit growth of 11.8 percent to EUR 13,788k (Q1 2018: EUR 12,337k). The ad pepper media segment increased its gross sales by 4.0 percent to EUR 2,383k (Q1 2018: EUR 2,292k). Driven by new business, the ad agents segment returned to growth and increased its gross sales over the same period by 2.6 percent to EUR 4,484k (Q1 2018: EUR 4,373k).

Revenues for the Group amounted to EUR 5,048k in the first quarter, equivalent to growth of 3.8 percent (Q1 2018: EUR 4,865k). Gross profit amounted to EUR 4,918k (Q1 2018: EUR 4,720k). Despite higher revenues, the group’s operating expenses of EUR 4,445k decreased by 1.0 percent compared with the previous year’s period (Q1 2018: EUR 4,489k).
This significantly improved the group’s profitability: Consolidated EBIT for the first three months of the year amounts to EUR 473k (Q1 2018: EUR 231k). Likewise, at EUR 709k, consolidated EBITDA more than doubled compared with the previous year’s figure (Q1 2018: EUR 312k) and also represents the best first-quarter operating earnings figure in the company’s history. Individual segment EBITDAs were all positive: ad pepper media posted EUR 530k (Q1 2018: EUR 483k), Webgains reported EUR 417k (Q1 2018: EUR 51k), and ad agents generated EUR 74k (Q1 2018: EUR 158k).

Group EBITDA for the current financial year is expected to amount to around EUR 2,000k (2018: EUR 1,354k).

Liquid funds (including securities measured at fair value) rose significantly to EUR 23,208k (March 31, 2018: EUR 19,455k). This represents the highest first-quarter figure since 2006. There are still no liabilities to banks.

The report on the first three months of 2019 will be published on May 23, 2019.

Comparison of key figures (unaudited) for Q1/2019 and Q1/2018:

Q1 2019 Q1 2018 %
Gross Sales EUR 000s 20,654 19,002 8.7
Revenue EUR 000s 5,048 4,865 3.8
Gross Profit EUR 000s 4,918 4,720 4.2
EBITDA EUR 000s 709 312 127.6
EBIT EUR 000s 473 231 104.8
Liquid funds* EUR 000s 23,208 19,455 19.3
Equity EUR 000s 16,979 16,858 0.7
Total assets EUR 000s 40,441 33,163 21.9

*including securities measured at fair value


For further information:
Dr. Jens Körner (CEO)
ad pepper media International N.V.
+49 (0) 911 929057-0


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Thank You!

ad pepper media managed its successful IPO at the end of 2000 as one of the last companies of the so-called Neuer Markt. This was followed by one of the worst economic crises in decades, with the dot-com bubble bursting and the 9/11-driven recession starting in 2001.

It’s now been almost 20 years since we took this daring step, and we haven’t just been resting on our laurels in the meantime. In fact, with record results and a squeaky-clean balance sheet, we’re in a healthier position today than ever before. Two decades of experience as of one of the leading performance marketing companies in Europe have also made us vigilant and prepared us for future economic headwinds.

This is something we are proud of: However, this success also makes us humble well knowing that currently many companies are struggling to survive. And with many people fearful of losing their jobs (or even their lives), we don´t think it´s the right time to celebrate. Nevertheless, we would like to say a big THANK YOU to our employees, stakeholders and everyone else who has stood by us and believed in us from the very beginning.