ad pepper media closes the business year 2004 with an increase in turnover and profitBack to overview
Nuremberg, Hoofddorp, Netherlands, March 9th, 2005
In 2004, ad pepper media International N.V. again succeeded in augmenting its turnover, this time by 7.1 per cent, amounting to a total of 22.3 million Euros (20.7 million EUR the previous year). While during the first nine months of the past business year, the quarterly turnover oscillated between 4.7 and 5.4 million EUR, ad pepper media managed to raise the turnover to 7.1 million EUR in the fourth quarter of 2004.
The company’s consolidated profit increased significantly, reaching a total of 4.3 million EUR (2003: 2.1 million EUR), which corresponds to a profit per share of 0.42 EUR applicable to the 10,410,160 shares currently in circulation (prior year: 0.12 EUR). The first time recognition of deferred taxes (2.6 million EUR) as well as a financial result, which could be improved once again, contributet significantly to this profit leap.
The company generated earnings before interest and tax (EBIT) of 0.5 million EUR (previous year: 1 million EUR). This decrease reflects the companies extensive expenses in new products and the expenses incurred by the establishment of ad pepper media’s branch in the USA, leading to an increase in both turnover and income in the business year 2005.
The balance sheet total on December 31st, 2004 amounted to just under 46 million EUR (effective date the previous year: approx. 43 million EUR), which indicates a rise in the equity ratio by an additional three precentage points to 86 per cent (effective date the previous year: 83 per cent).
Even after the approximately 1.7 million Euro investment in the American enterprise dMarc Broadcasting Inc. effected in December of 2004, ad pepper media still has a sufficient amount of liquid assets, including short-term liquid fixed asset securities and restricted cash of approximately 25 million on the effective date December 31st, 2004. Consequently, the company continues to operate on a very solid base.
On March 29th, 2005, the boards of management will be holding a conference call at 10:00 a.m. As of that point in time, the complete annual report for 2004 will be available for downloading on www.adpepper.com.
The annual meeting of ad pepper media International N.V. will take place on May 2nd, 2005 in Hoofddorp (Netherlands).
Key data 2004/ 2003 according to US-GAAP:
|Profit for the period||kEUR||3,054||1,073||185%||4,342||2,126||104%|
|Profit per share||EUR||0.30||0.11||173%||0.42||0.21||100%|
|Balance sheet total||kEUR||46,398||42,945|
* incl. short-term liquid fixed asset securities and restricted cash