XLMedia PLC Trading update (2148F)
26 Julho 2016 - 3:01AM
UK Regulatory
TIDMXLM
RNS Number : 2148F
XLMedia PLC
26 July 2016
For immediate release 26 July 2016
XLMedia PLC
("XLMedia" or "the Group" or "the Company")
Trading update
Strong first half performance
XLMedia (AIM: XLM), a leading provider of digital performance
marketing services, is pleased to announce the following trading
update for the six months ending 30 June 2016 and confirms that it
will release results for the 6 months ended 30 June 2016 during
September 2016.
The Group continued its strong performance in the first half of
2016, with revenues of $51 million (H1 2015: $36.8 million) and
adjusted EBITDA(1) of at least $17 million (H1 2015 $12.9
million).
Over the period the Group continued to pursue its strategy of
diversifying its business across geographies and verticals.
Revenues from identified countries are as follows; Scandinavia 48%
(H1 2015: 51%), other European countries 29% (H1 2015: 25%) and
North America 17% (H1 2015: 23%) during the period. The Groups
single largest customer accounted for just 7% of the Group's
revenues (H1 2015: 11%) during the period. Gambling revenues
amounted for approximately 70% of the Group's revenues (H1 2015:
70%), with the rest in gaming and mobile applications, software,
utilities, e-commerce and others.
XLMedia has made continued progress on the execution of its
strategic plan, benefitting from its increased scale, clients base
and marketing channels. Further, the Group has continued to execute
its technology road map and rolled out some enhanced features for
all systems including: business intelligence tools, tracking
systems, and Palcon - XLMedia's proprietary content management
system.
The Board believes that the Group's strong growth, combined with
its technological abilities, continues to position the Company well
to further develop the business. Accordingly, the Board remains
extremely confident in the performance of the business.
Ory Weihs, Chief Executive Officer, commented:
"We continue to execute our strategic plan and further diversify
our business. The Company's position as a leading performance
marketing company is allowing us to implement our know-how,
expertise and technology as well as to further expand into
additional verticals and markets. We continue to invest in
developing more tools and systems to strengthen our competitive
advantage and look forward to report our full half year
results."
1 Earnings before interest, taxes, depreciation and amortisation
and excluding share based payments and expenses relating to
acquisitions
For further information, contact:
XLMedia plc Tel: 020 8817 5283
Ory Weihs
Cenkos Securities plc (Nomad and Joint Broker) Tel: 020 7397 8900
Ivonne Cantu /Camilla Hume/ Callum Davidson
Liberum Capital Limited (Joint Broker) Tel: 020 3100 2000
Neil Patel / Chris Clarke
Vigo Communications Tel: 020 7830 9700
Jeremy Garcia / Fiona Henson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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July 26, 2016 02:01 ET (06:01 GMT)
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