XLMedia PLC ("XLMedia" or "the Group" or "the Company"): Interim Results for the Six Months Ended 30 June 2017
11 September 2017 - 4:01PM
Business Wire
Further strategic progress underpins record
performance
XLMedia (AIM: XLM), a leading provider of digital performance
marketing services, is pleased to announce its interim results for
the six months ended 30 June 2017.
Financial highlights
- Record revenue performance of $67.9
million, up 33% (H1 2016: $51.2 million)
- Strong organic revenue growth of 32% in
publishing division and 12% in the media division;
- Gross profit increased 30% to $35.2
million (H1 2016: $27.0 million);
- Adjusted EBITDA increased 30% to $22.9
million (H1 2016: $17.7 million);
- Profit before tax up 23% to $19.5
million (H1 2016: $15.8 million);
- Interim dividend of $8.0 million or
4.0226 cent per share, an increase of 5% (H1 2016: 3.8205 cent per
share); and
- Strong balance sheet with $43.1 million
cash and short term investments underpins key growth
initiatives.
Operating highlights
- Strong organic growth in the publishing
& media divisions while maintaining high margins;
- Acquired www.Greedyrates.ca
(“Greedyrates”), a Canadian credit card comparison website, and US
financial services information website, www.Moneyunder30.com
(“Moneyunder30”), accelerating the Group’s entry into the financial
services sector;
- Completed the acquisition of
www.securethoughts.com (“Securethoughts”), a US cyber security comparison
website, the Company’s first move into the high growth Cyber
security sector;
- Acquired ClicksMob, a mobile
performance-based user acquisition platform, providing expertise in
user acquisition for mobile apps and games;
- Commenced operations in Romania with
the acquisition of a leading publishing asset and obtained a
license to operate as an online gambling affiliate in the Romanian
market; and
- Continued development of our technology
and in-house systems; Dau-Up awarded ‘Instagram Marketing Partner’
for Ad Technology.
Ory Weihs, Chief Executive Officer of XLMedia,
commented:
“We are delighted to report another record period of strong
profit growth for the Group. The combination of both organic and
acquisitive growth has accelerated our progress extending our
business into new verticals and new geographic regions.
“Current trading remains strong and we are confident that the
ongoing implementation of our strategic focus will continue to
yield excellent results, underpinning the board’s ongoing
confidence in the Company’s near and medium term prospects.”
A webcast of our results presentation will be available on our
website later today: http://www.xlmedia.com/media/
The full announcement including financial statements for the
interim results ended 30 June 2017 are available on our website at
the following address: http://www.xlmedia.com/regulatory-news/
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170910005070/en/
XLMedia plcOry Weihs, Tel: 020 8817
5283www.xlmedia.comorVigo CommunicationsJeremy Garcia /
Fiona Henson / Natalie JonesTel: 020 7830
9703www.vigocomms.comorCenkos Securities plc (Nomad and Joint
Broker)Ivonne Cantu / Camilla HumeTel: 020 7397
8900www.cenkos.comorBerenberg (Joint Broker)Chris Bowman /
Mark WhitmoreTel: 020 3207 7800www.berenberg.com
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