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:
*including securities measured at fair value
For further information:
Dr. Jens Körner (CEO)
ad pepper media International N.V.
+49 (0) 911 929057-0