CDialogues PLC Pre-close Trading Update (1709T)
16 July 2015 - 4:00PM
UK Regulatory
TIDMCDOG
RNS Number : 1709T
CDialogues PLC
16 July 2015
16 July 2015
CDialogues plc
("CDialogues", the "Company" or the "Group")
Pre-close Trading Update
CDialogues plc (AIM: CDOG), the provider of mobile marketing
solutions to Mobile Network Operators (MNOs), provides a trading
update for the six month period ended 30 June 2015 which is in line
with management expectations.
Trading during the period continued to build strongly on the
momentum achieved during the previous year allowing the Company to
increase its profitability, revenue base, cash balances and
geographic reach. Growth in all key fundamentals underpinned
another period of expansion as the Company's subscription-based
recurring revenue model continued to drive growing returns.
Revenue for the first half of the current financial year is
above EUR5.3 million (1H 2014: EUR4.0 million) with EBITDA above
EUR1.6 million (1H 2014: EUR1.4 million), representing year on year
growth of approximately 30% and 15% respectively. Free cash flow
for the same period reached approximately EUR1.4 million (1H 2014:
EUR0.5 million) significantly enhancing the Company's cash position
which was at the level of EUR3.7 million as of 30 June 2015
(31.12.2014: EUR2.4 million).
During the first half of the year, CDialogues delivered mobile
marketing campaigns in five countries across the Middle East and
Southeast Asia.
Looking ahead, the Company has identified a pipeline of
potential new projects, a number of which are currently undergoing
preparations for launch in the coming months. As such, the Board
remains confident that these will result in further revenue growth
opportunities during the second half of the year.
Pale Spanos, Chief Executive Officer, commented: "We continued
to diversify our revenue streams and geographic reach during the
period, while targeting new markets and a wider number of MNOs. We
remain well placed to build on the momentum achieved to date and
expect profit margins to remain strong as our projects mature. We
continue to generate strong levels of cash, which we are
reinvesting into our products, funding growth while also paying a
dividend to shareholders."
CDialogues will announce its interim results for the six months
ended 30 June 2015 on Monday 21 September 2015.
Enquiries:
CDialogues Plc Tel: +30 2106 300 930
-------------------- ----------------------------------------------
George Karakovounis
-------------------- ----------------------------------------------
Pale Spanos
-------------------- ----------------------------------------------
Allenby Capital Tel: 0203 328 5656
Limited
-------------------- ----------------------------------------------
David Hart
-------------------- ----------------------------------------------
Alex Brearley
-------------------- ----------------------------------------------
Walbrook PR Ltd Tel: 020 7933 8780/ cdialogues@walbrookpr.com
-------------------- ----------------------------------------------
Paul Cornelius
-------------------- ----------------------------------------------
Nick Rome
-------------------- ----------------------------------------------
About CDialogues
CDialogues provides mobile marketing solutions enabling MNOs to
retain and acquire market share, increase average revenue per user
(ARPU) and reducing subscriber churn.
The Company's products and services deliver fully managed
solutions, utilizing advanced Data analytics techniques combined
with Linguistic engineering marketing, to build awareness and
multiply sales and opt-ins of promotional offerings and other
mobile content being offered by the MNOs.
The solutions designed by the Company, are tailored and served
with the appropriate Linguistic format, to each individual mobile
network subscriber typology and geography it operates in, using its
proprietary software and scalable infrastructure.
The majority of CDialogues' revenues are derived from a
recurring subscription-based revenue model, which has been
pioneered by the Company. As a result, the Company benefits from
incremental cash flow growth from each new campaign customer and
mobile network subscriber.
The Company's near-term focus is on growing both its customer
base and expanding its geographic footprint in selected markets in
the Middle East, Africa and Southeast Asia, where mobile device
penetration and mobile network usage is growing rapidly.
CDialogues has been profitable and cash flow positive since
commercial operations began in early 2012.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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