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ad pepper media International N.V.: restrained start to Q1 2022

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ad pepper media International N.V. / Key word(s): Quarter Results/Preliminary Results
ad pepper media International N.V.: restrained start to Q1 2022

22-Apr-2022 / 12:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

ad pepper media International N.V.: restrained start to Q1 2022

Nuremberg, Amsterdam, 22 April 2022

ad pepper Group, one of the leading performance marketing companies in Europe, recorded a 15 percent decline in revenue in the first quarter of 2022 to EUR 5,871k (Q1 2021: EUR 6,884k); EBITDA fell to EUR 33k (Q1 2021: EUR 1,306k).

While the ad pepper segment saw a reduction in revenue of 42 percent to EUR 714k (Q1 2021: EUR 1,234k), Webgains also performed weakly in the first quarter of 2022 with a decline in revenue compared to the prior-year quarter of 17 percent to EUR 3,231k (Q1 2021: EUR 3,888k). A challenging environment with restrained campaign bookings from customers due to supply chain issues as well as subdued e-commerce activities, particularly in the UK, which is the domestic market for Webgains, weighed on the revenue development of both segments. The third segment, ad agents, on the other hand, continued its growth trajectory despite some order cancellations of customers affected by the war in Ukraine and achieved a 9 percent increase in revenue to EUR 1,926k (Q1 2021: EUR 1,762k).

The decline in revenue at Webgains and ad pepper weighed on the operating earnings development of both segments with EBITDA in parts significantly below the corresponding prior-year level in the first quarter of 2022: Webgains generated EUR 133k (Q1 2021: EUR 1,037k), while ad pepper reported EUR 34k (Q1 2021: EUR 534k). The ad agents segment achieved a stable EBITDA of EUR 250k (Q1 2021: EUR 249k).

In the quarter ahead, we expect the booking and online consumer behaviour trend to normalise again. From today's point of view, we therefore expect Group revenue to range between EUR 6,300k and EUR 6,500k (Q2 2021: EUR 6,516k).

The report for the first quarter of 2022 will be published on 25 May 2022.

 

Key figures (unaudited) in EURk:

 

Q1
2022

Q1
2021

Gross sales

23,215

28,108

% growth

-17.4

 

Revenue

5,871

6,884

% growth

-14.7

 

of which ad pepper

714

1,234

% growth

-42.2

 

of which ad agents

1,926

1,762

% growth

9.3

 

of which Webgains

3,231

3,888

% growth

-16.9

 

EBITDA

33

1,306

of which ad pepper

34

534

of which ad agents

250

249

of which Webgains

133

1,037

of which admin

-384

-514

Liquid funds*

20,480

26,403

 

 

*including securities at fair value

For more information:
Dr Jens Körner (CEO)
ad pepper media International N.V.
+49 (0) 911 929057-0
ir@adpepper.com

22-Apr-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

ad pepper media International N.V.

Frankenstrasse 150 C

90461 Nuremberg

Germany

Phone:

+49 911 9290570

Fax:

+49 911 929057-157

E-mail:

ir@adpepper.com

Internet:

www.adpeppergroup.com

ISIN:

NL0000238145

WKN:

940883

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1333219


 

End of Announcement

DGAP News Service

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