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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