Preliminary results for 1st quarter of 2011
Back to overviewNuremberg, 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 |
||
| Sales | EUR 000s | 12,859 | 11,995 | +7.2 |
| Gross profit | EUR 000s | 5,410 | 5,291 | +2.2 |
| EBITDA | EUR 000s | -1,090 | 203 | >100 |
| EBIT | EUR 000s | -1,225 | 17 | >100 |
| EBT | EUR 000s | -936 | 420 | >100 |
| Net result | EUR 000s | -1,151 | 419 | >100 |
| EPS (basic) | EUR | -0.06 | 0.02 | >100 |
| Liquid funds | EUR 000s | 21,061 | 22,677 | -7.1 |
| Equity | EUR 000s | 25,241 | 22,339 | +13.0 |
| 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
Email: ir@adpepper.com