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

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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.