Improvement in key earnings figures in first half of 2012

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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):

H1 2012 H1 2011 Variance in % 
Sales EUR000s 26,641 26,229 1.6
Gross margin EUR000s 10,729 11,344 -5.4
EBITDA EUR000s -1,012 -1,995 -49.3
EBIT EUR000s -1,243 -2,260 45.0
EBT EUR000s -840 -1,782 52.9
Consolidated
net income
EUR000s -1,087 -2,048 46.9
Earnings/share
(basic)
EUR -0.06 -0.10 40.0
Liquid funds EUR000s 16,275 17,278 -5.8
Equity EUR000s 22,865 22,862 0.0
Total assets EUR000s 33,371 32,167 3.7


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

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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.