XLMedia PLC Trading Update (0401X)
21 Novembro 2017 - 5:01AM
UK Regulatory
TIDMXLM
RNS Number : 0401X
XLMedia PLC
21 November 2017
For immediate release 21 November 2017
XLMedia PLC
("XLMedia" or "the Group" or "the Company")
Trading update
Strong growth continues with trading ahead of expectations
XLMedia (AIM: XLM) is pleased to report that the Group has
continued to trade strongly since the half year end and therefore
expects adjusted EBITDA(1) for the year ending 31 December 2017 to
be materially ahead of expectations. The Board further expects
profit before tax to be ahead of expectations, albeit not to the
same degree as adjusted EBITDA as a result of the effect of adverse
currency exchange differences.
Since the half year end we have continued to see strong organic
growth across the Group, particularly in the publishing division,
which has led to us achieving better than expected direct margins
in both segments. As well as the number of visitors to our websites
increasing we have seen improved conversion rates and increased
revenues from revenue share arrangements from users we referred to
customers both this year and before.
During the year we have completed several strategic acquisitions
targeted at North America. These include Clicksmob, a mobile
performance marketing platform and two financial services
informational websites, Greedyrates.ca ("Greedyrates") and
Moneyunder30.com. Integration of all acquisitions made this year is
progressing according to plan and they are all performing at least
in line with management expectations at the time of acquisition. We
are particularly pleased to report that that Greedyrates, which we
acquired in January, has exceeded our growth expectations. This is
primarily a result of traffic to Greedyrates increasing as we
continue to optimise the site for improved performance as well as
investing in customer relations and sales. This, we believe, is a
strong endorsement of the team's technical know-how and marketing
understandings.
We have been very pleased with the acquisitions that we have
made in 2017 and see North America as a major opportunity for the
Group to grow in various verticals, such as financial services,
cyber security, mobile apps and, as markets increasingly regulate,
online gambling. Accordingly, the Board remains confident in the
continued performance of the business.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation EU 596/2014
("MAR").
(1) Earnings before interest, taxes, depreciation and
amortization adjusted to exclude share based payments.
For further information, contact:
XLMedia plc Ory Weihs www.xlmedia.com via Vigo Communications
Vigo Communications Jeremy Garcia / Fiona Henson / Ekaterina Tel: 020 7830 9703
Rogucheva
www.vigocomms.com
Cenkos Securities plc (Nomad and Joint Broker) Camilla Hume / Tel: 020 7397 8900
Mark Connelly
www.cenkos.com
Berenberg (Joint Broker) Chris Bowman / Mark Whitmore Tel: 020 3207 7800
www.berenberg.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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