Preliminary results for 1st quarter of 2011Back to overview
Nuremberg, Amsterdam, April 15, 2011 – ad pepper media International N.V. began the new financial year with significant sales growth in the 1st quarter of 2011. With consolidated sales of EUR 12,859k (Q1 2010: EUR 11,995k), the company generated its highest level of first-quarter sales in its history. The Webgains segment in particular notably boosted its business volumes, with sales growth of 36 percent to EUR 4,886k (Q1 2010: EUR 3,591k), while the ad pepper media segment generated sales of EUR 6,100k and thus began the current financial year on a slightly weaker note than expected (Q1 2010: EUR 6,558k). The Group’s gross profit showed less marked year-on-year growth than sales, rising 2.2 percent to EUR 5,410k (Q1 2010: EUR 5,291k).
Due in particular to investments in additional technology staff, the company was unable to match the key profitability figures for the first quarter of the previous year. First-quarter EBITDA amounted to EUR –1,090k (Q1 2010: EUR 203k). EBIT amounted to EUR -1,225k, as against EUR 17k in the previous year’s quarter.
Liquid funds (including securities measured at fair value and time deposits) fell to EUR 21,061k (31.3.2010: EUR 22,677k). In addition, ad pepper media holds 1,779,292 own shares. There are still no liabilities to banks. The equity ratio rose to 72.5 percent (31.3.2010: 68.9 percent).
The report on the 1st quarter of 2011 will be published on May 11, 2011.
Year-on-year comparison of key figures (unaudited):
|Q1 2011||Q1 2010||% change
|Gross profit||EUR 000s||5,410||5,291||+2.2|
|Net result||EUR 000s||-1,151||419||>100|
|Liquid funds||EUR 000s||21,061||22,677||-7.1|
|Total assets||EUR 000s||34,822||32,400||+7.5|
For more information:
Jens Körner (CFO)
ad pepper media International N.V.
Phone: +49 (0) 911 929057-0
Fax: +49 (0) 911 929057-157