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ad pepper media International N.V.: ad agents and Webgains with double-digit growth

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ad pepper media International N.V. / Key word(s): Half Year Results/Forecast
ad pepper media International N.V.: ad agents and Webgains with double-digit growth

15-Jul-2021 / 16:38 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.: ad agents and Webgains with double-digit growth

Nuremberg, Amsterdam, 15 July 2021

ad pepper Group, one of the leading performance marketing providers in Europe, continues in the second quarter to achieve solid and profitable growth.

Gross sales increased by 11.0 percent to EUR 25,931k (Q2 2020: EUR 23,357k). Group revenue amounts to EUR 6,516k, corresponding to 6.5 percent growth (Q2 2020: EUR 6,116k). Main growth driver was the ad agents segment with a 18.7 percent increase in revenue to 1,914k (Q2 2020: EUR 1,612k). The Webgains segment also saw double-digit growth, with an increase of 15.9 percent to EUR 3,670k (Q2 2020: EUR 3,167k). The ad pepper segment recorded a decline in revenue of 30.3 percent to EUR 932k (Q2 2020: EUR 1,337k). While ad agents and Webgains were once again able to benefit from a dynamic revenue development with both existing and new customers, the revenue development in the ad pepper segment fell short of our own expectations due to subdued order activity on the part of major customers in the German market. We expect a moderate improvement here in the second half of the year.

Group EBITDA for the second quarter amounts to EUR 1,036k (Q2 2020: EUR 1,684k), while the previous year had seen a positive one-off effect of EUR 626k in the webgains segment. On a comparable basis, EBITDA thus remained on previous year's level. The ad agents segment was able to increase its EBITDA to EUR 379k (Q2 2020: EUR 191k). The Webgains segment generated EBITDA of EUR 818k in the second quarter (Q2 2020: EUR 1,565k) Despite a decline in revenue, the ad pepper segment achieved a positive EBITDA of EUR 206k (Q2 2020: EUR 503k).

In the full six-month period, the ad pepper Group generated gross sales of EUR 54,039k (H1 2020: EUR 45,007k) and Group revenue of EUR 13,400k (H1 2020: EUR 11,957k), corresponding to increases of EUR 1,443k and 12.1 percent respectively. EBITDA reached EUR 2,342k in H1 2021 (H1 2020: EUR 2,804k). Cash and cash equivalents of the Group increased significantly to EUR 25,002k (30 June 2020: EUR 22,139k) - despite the share buyback programme completed in April.

For the third quarter ahead, we expect record revenue levels for the Group in the order of approximately EUR 7,000k, which would correspond to revenue growth of approximately 17 percent (Q3 2020: EUR 6,011k).

The report for the first six months 2021 will be published on 21 August 2021.

Key figures (unaudited) in kEUR:

 

Q2
2021

Q2
2020

H1
2021

H1
2020

Gross sales

25,931

23,357

54,039

45,007

% growth

11.0

 

20.1

 

Revenue

6,516

6,116

13,400

11,957

% growth

6.5

 

12.1

 

of which ad pepper

932

1,337

2,166

2,881

% growth

-30.3

 

-24.8

 

of which ad agents

1,914

1,612

3,676

3,151

% growth

18.7

 

16.7

 

of which Webgains

3,670

3,167

7,558

5,925

% growth

15.9

 

27.6

 

EBITDA

1,036

1,684

2,342

2,804

of which ad pepper

206

503

739

1,207

of which ad agents

379

191

628

309

of which Webgains

818

1,565

1,855

2,168

of which admin

-367

-575

-880

-880

Liquid funds*

 

 

25,002

22,139

 

*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

 

15-Jul-2021 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:

1219390


 

End of Announcement

DGAP News Service

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