XLMedia PLC Trading update (9006U)
24 Janeiro 2017 - 5:00AM
UK Regulatory
TIDMXLM
RNS Number : 9006U
XLMedia PLC
24 January 2017
For immediate release 24 January 2017
XLMedia PLC
("XLMedia" or "the Group" or "the Company")
Trading update
Another year of strong trading with significant growth set to
continue
XLMedia (AIM: XLM), a leading provider of digital performance
marketing services, today announces a trading update for the year
ended 31 December 2016.
XLMedia continued its strong performance in 2016, with revenues
up 15% to $103 million (2015: $89.2 million) and adjusted EBITDA(1)
up 21% to at least $34.5 million (2015: $28.4 million).
Strong organic growth in the Group's publishing business,
predominantly in English speaking markets and other
non-Scandinavian European markets helped to increase Group revenue
in FY16. During the second half of 2016, the Group continued to
make positive progress in executing on its stated strategy of
generating growth from non-gambling sectors such as utilities and
software services. The Company was also pleased to recently
announce the acquisition of Greedyrates, a financial services
comparison website. Strategically, this was an important
acquisition for the Group, representing the first significant
publishing asset in financial services. Furthermore, the
acquisition has enhanced XLMedia's offering and geographical
presence and accelerated progress in this growth vertical.
DAU-UP, the Company's mobile and social media performance
marketing platform, extended its activities into non-gaming apps
and introduced performance based revenue share agreements for
mobile apps alongside the Group's long established Cost Per
Installation (CPI) model. Management continues to see performance
based models as a critical sales component, contributing to
successful, long term customer relationships. The Group intends to
continue to build performance based models and products which align
XLMedia's interests with those of its customers.
The Board believes that the Group is well positioned for further
growth and the current financial year has started positively. The
Board looks forward to continuing to execute on its strategic plan
and looks to the future with confidence.
The Company expects to announce full year results for the year
ended 31 December 2016 in March.
Ory Weihs, Chief Executive Officer, commented: "During 2016 we
made significant progress having now established ourselves as a
dominant player in the performance marketing arena. We continue to
execute our strategic plan whilst implementing our know-how,
expertise and technology in new business verticals and key end
markets. We are very proud to have delivered another record year of
performance in 2016 and look forward to reporting our full year
results in March."
(1) - Earnings before interest, taxes, depreciation and
amortisation and excluding share based payments and expenses
relating to acquisitions
For further information, contact:
XLMedia plc Ory Weihs www.xlmedia.com Tel: 020 8817 5283
Vigo Communications Jeremy Garcia Tel: 020 7830 9703
/ Fiona Henson www.vigocomms.com
Cenkos Securities plc (Nomad Tel: 020 7397 8900
and Joint Broker) Ivonne Cantu
/ Camilla Hume www.cenkos.com
Berenberg (Joint Broker) Chris Tel: 020 3207 7800
Bowman / Mark Whitmore / Amritha
Murali www.berenberg.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 24, 2017 02:00 ET (07:00 GMT)
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