Preliminary results for first nine months of 2013

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Nuremberg, Amsterdam, October 17, 2013 – Sales at ad pepper media International N.V. declined by 7.4 percent in the first nine months of the current financial year. At -3.5 percent, the gross profit also declined slightly compared with the previous year’s period. Gross profit in the ad agents and Webgains segments showed further growth, rising by some 5 and 1 percent respectively, but the ad pepper media segment fell short of expectations, with an 8 percent reduction in gross profit.

In contrast to these developments, the company achieved cuts in its operating expenses, which fell by 7.7 percent to EUR 16,877k in the first nine months. As a result, key profitability figures improved significantly compared with the previous year’s figure. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR -870k in the first nine months of 2013 (Q1-Q3 2012: EUR -1,567k). Earnings before interest and taxes (EBIT) amounted to EUR -1,084k, compared with EUR -1,917k in the previous year’s period. Earnings before taxes (EBT) amounted to EUR -802k in the first nine months of the financial year (Q1-Q3 2012: EUR -1,380k). Liquid funds amounted to EUR 14,445k as of September 30, 2013 (September 30, 2012: EUR 15,777k).

The report on the third quarter of 2013 will be published on November 7, 2013.

Year-on-year comparison of key figures (unaudited):

Q1-Q3 2013 Q1-Q3 2012 Variance in % 
Sales EUR 000s 36,434 39,355 -7.4
Gross margin EUR 000s 15,792 16,367 -3.5
EBITDA EUR 000s -870 -1,567 44.5
EBIT EUR 000s -1,084 -1,917 43.4
EBT EUR 000s -802 -1,380 41.9
9.30.2013 9.30.2012 Variance in %
Liquid Funds* EUR 000s 14,445 15,777 -8.4

*including securities measured at fair value

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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