Improvement in key earnings figures in first half of 2012

Nuremberg, Amsterdam, July 17, 2012 – ad pepper media International N.V. can post solid growth of 7.3 percent (adjusted for discontinued operations) for the first six months of the current financial year. This positive performance was driven above all by ongoing dynamic growth in the ad agents (+69.0 percent) and Webgains (+9.7 percent) segments. Adjusted for discontinued operations, the sales performance of the ad pepper media segment was negative at -14.2 percent.

In parallel to these developments, operating expenses reduced substantially in the first half of the year, falling by 12.0 percent to EUR 11,972k. This enabled the company to achieve a significant year-on-year improvement in its key profitability figures. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR -1,012k in the first half of 2012 (H1 2011: EUR -1,995k). Earnings before interest and taxes (EBIT) amounted to EUR -1,243k, as against EUR -2,260k in the first half of the previous year. At EUR -840k, earnings before taxes (EBT) showed equally positive developments in the first six months of the financial year (H1 2011: EUR -1,782k). Net income for the period amounted to EUR -1,087k (H1 2011: EUR -2,048k).

Liquid funds (including securities measured at fair value and time deposits) also performed well. Despite ongoing investments, the volume of liquid funds, amounting to EUR 16,275k, changed only slightly compared with the end of the previous year’s period (30 June 2011: EUR 17,278k).

The Management Board is confident that the positive business performance in the first half of 2012 will continue in the further course of the year as well.

The report on the first half of 2012 will be published on August 8, 2012.

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