DGAP-News: Cliq Digital AG / Key word(s): Preliminary Results
CLIQ Digital with record-breaking sales and earnings in 2020
- All targets for FY 2020 surpassed with €107m revenue, €16m EBITDA, i.e. 15% EBITDA margin (PY: 9%)
- Strong 4Q 2020 performance with 66% revenue growth across all regions and 153% increase in EBITDA compared to 4Q 2019: 17% EBITDA margin (PY: 11%)
- Debt-free as at 31/12/2020 and €10m free cash flow generated in FY 2020, and 1.68 CLIQ Factor (PY: 1.51)
CLIQ Digital AG (CLIQ.DE, ISIN: DE000A0HHJR3, WKN: A0HHJR), a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, games, sports and movie content, is proud to announce that 2020 was the most successful year ever in CLIQ Digital's history.
According to preliminary and unaudited figures, CLIQ Digital's gross revenue and EBITDA in 2020 have exceeded expectations and totalled €107m and €16m respectively. For the full year, sales grew by nearly 70% and EBITDA grew by more than 177% against the prior year resulting in an EBITDA margin (in per cent of gross revenue) of 15%. The marketing spend was more than 50% higher than in 2019 and amounted to €34m in 2020.
At the year-end close, the company was debt-free on the back of €10m free cash flow generated in 2020 notwithstanding the dividend distribution of nearly €2m in the third quarter 2020. The CLIQ Factor for the full year was 1.68, compared to 1.51 in 2019, and the Customer Base Value (CBV) came in at €35 million (PY: €26 million) at the end of 2020.
In the fourth quarter 2020 (01/10 - 31/12/2020), CLIQ Digital's gross revenue was more than €30m, which corresponds to a growth rate exceeding 65% compared to prior year's quarter. The revenue growth was driven by all regions - with European sales gaining notable traction again - and by the fundamental shift from media buying via affiliate partners to CLIQ Digital's own in-house teams in particular. In the fourth quarter 2020, the marketing spend totalled nearly €8m and EBITDA exceeded €5m (+153%, PY: €2m) resulting in a 4Q 2020 EBITDA margin (in per cent of gross revenue) of 17% compared to 11% in last year's fourth quarter.
Statement from Ben Bos, member of the Management Board:
On 17 March 2021, the FY 2020 annual report will be published and the audited, final FY 2020 financials as well as the dividend proposal and FY 2021 outlook will be presented by Management during an earnings call.
Financial calendar 2021:
CLIQ does not consider itself obliged to publish any corrections to these forward-looking statements for the purpose of adjusting them to events or circumstances that eventuate after the publishing date of these materials.
For further information, please contact
CLIQ Digital AG
Sebastian McCoskrie | Michael Kriszun
Mob.: +49 151 52043659 | +49 151 52207955
CROSS ALLIANCE communication GmbH (PR adviser)
Tel.: +49 89 125 09 03-33
About CLIQ Digital:
CLIQ Digital (www.cliqdigital.com) is a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, games, sports and movie content. The company has a long-standing and successful history in expert digital marketing and offering niche products for the mass market at competitive prices. CLIQ Digital operates in over 30 countries and employs staff of 100 from 29 different nationalities as at 31 December 2020. The company is a valuable strategic business partner for networks, content producers as well as for publishers and payment service providers. CLIQ Digital is headquartered in Düsseldorf and has offices in Amsterdam, London, Paris, Barcelona and Tequesta, Florida. The company is listed in the Scale segment of the Frankfurt Stock Exchange (ISIN DE000A0HHJR3) and is a constituent of the MSCI World Micro Cap Index.
09.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
Cliq Digital AG
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
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