Preliminary results for first half-year of 2014

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Nuremberg, Amsterdam, July 18, 2014 – Based on preliminary figures, ad pepper media International N.V. closed the first half year 2014 with sales of EUR 22,251k. This corresponds to a decline of 11.5 percent compared with the equivalent figures for the previous year (H1 2013: EUR 25,144k). On a like-for-like basis, i.e. before disposals of group companies and discontinued operations in 2013, the increase amounted to 1.6 percent.

Gross profit decreased by 29.2 percent to EUR 7,860k (H1 2013: EUR 11,097k). On a like-for-like basis, gross profit reduced by 8.8 percent. In parallel to these developments, operating expenses reduced by 14.5 percent to EUR 10,100k (H1 2013: EUR 11,812k).

Accordingly, the first six months of the year showed negative profitability versus previous year: EBITDA for the past half-year amounts to EUR -2,133k (H1 2013: EUR -578k). EBIT for the first six months of the year amounts to EUR -2,241k (H1 2013: EUR -715k). EBT for the past half-year amounts to EUR -1,813k (H1 2013: EUR -541k).

Liquid funds (including securities measured at fair value) amount to EUR 19,220k (December 31, 2013: EUR 21,702k). The company still has no liabilities to banks.

The report on the first half-year of 2014 will be published on August 13, 2014.

Key figures (unaudited) for 2014 versus 2013:

H1 2014 H1 2013 Dev. in % 
Sales kEUR 22,251 25,144 -11.5
Gross margin kEUR 7,860 11,097 -29.2
EBITDA kEUR -2,133 -578 >100.0
EBIT kEUR -2,241 -715 >100.0
EBT kEUR -1,813 -541 >100.0
Consolidated net income kEUR -1,820 -630 >100.0
Liquid Funds* kEUR 19,220 14,409 33.4
Equity kEUR 22,948 17,793 29.0
Total assets kEUR 32,540 28,289 15.0
Earnings per share (basic) EUR -0.08 -0.03 >100.0

*including securities measured at fair value

For more information:
Dr. 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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