XLMedia PLC Trading update (4482C)
19 Janeiro 2015 - 5:00AM
UK Regulatory
TIDMXLM
RNS Number : 4482C
XLMedia PLC
19 January 2015
For immediate release 19 January 2015
XLMedia PLC
("XLMedia" or "the Group" or "the Company")
Trading update
Year-end trading performance exceeds market expectations
XLMedia (AIM: XLM), a leading provider of digital performance
marketing services, announces the following trading update for the
year ended 31 December 2014.
The Board is pleased to confirm that the Group has continued to
deliver a strong trading performance in 2014. Trading for the year
has benefitted from both organic growth and the positive impact
from the recent acquisitions. As a result, the Company expects to
exceed current market expectations with annual revenue for FY2014
of at least US$49.5 million and adjusted EBITDA of at least US$16.6
million. This strong performance represents growth of approximately
43% and 24% respectively compared to FY 2013.
2014 has been a year of significant strategic progress for the
Group in which a number of initiatives were successfully
implemented. We significantly increased our presence in regulated
markets including the U.S and the U.K through acquisitions, added
marketing activities for additional products such as social gaming
and financial services, extended our customer base and further
diversified our marketing channels.
Current revenue run rates include approximately 50% of revenues
from our media channels, including EDM, the acquisition completed
in September 2014. We continue to see strong customer demand in
that segment and expect it to remain strong during the current
year.
We are pleased to report that the recent acquisitions have
performed in-line or ahead of management expectations. Whilst we
continue to enjoy strong organic growth within the established
Scandinavian markets, these acquisitions have accelerated our
growth within regulated territories and into new verticals such as
social gaming, further diversifying our customer base in the
process. For example, the U.S. is now our second largest market and
represents approximately 21% of total Group current revenue run
rate. We expect this trend to continue in 2015 with our ongoing
efforts to further diversify and capitalise on the high demand for
digital advertising services worldwide.
In 2014, the Company made significant investments in talent,
management systems and infrastructure with headcount increasing by
over 50%, creating the platform to support the next phase of our
growth. Therefore, the Board believes that the outlook for 2015
remains positive with growth set to continue.
The Company will announce its full year results for the year
ended 31 December 2014 in March 2015.
Ory Weihs, Chief Executive Officer of XLMedia, commented:
"We are delighted with the strong financial performance of the
Group, highlighting the significant strategic progress we have made
over the past year. Since our IPO in March 2014 we have worked hard
to execute our growth plans. I am happy to see the results of the
efforts of our very talented team which delivered our planned
growth, whilst also diversifying our business and building strong
foundations for the future.
"We continue to make excellent progress across our strategic
priorities and I look forward to updating the market at our full
year results in March."
For further information, contact:
XLMedia plc Ory Weihs www.xlmedia.com Tel: 020 8817 5283
Vigo Communications Jeremy Garcia / Fiona Tel: 020 7016 9570
Henson www.vigocomms.com
Cenkos Securities plc Ivonne Cantu / Callum Tel: 020 7397 8900
Davidson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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