LBi reports record 2011 net revenue and profits
(Thomson Reuters ONE) -
Business model transformation and rigorous strategy execution continue to pay
off
Amsterdam (the Netherlands), 23 February 2012 - LBi International N.V. (NYSE
Euronext: LBI), the world's largest independent marketing and technology agency,
today reports its full year 2011 results for the period ended 31 December 2011.
Key highlights
* FY 2011 net revenue up by 12.0% (13.0% at constant rates) to EUR 196.6
million reflecting continued demand for digital branding, social media and
mobile offerings;
* Adjusted EBITDA increased 13.1% to EUR 31.9 million, good underlying
operational progress and margin improvement;
* Recorded net result of EUR 18.1 million in 2011 vs. a negative EUR 6.5
million in 2010;
* Strong accelerating sales momentum in Q4 2011 with net revenue up 18% YoY at
EUR 53.7 million and EBITDA up 16% to EUR 8.7 million;
* Strong financial position with positive operating cash flow of EUR 25.9
million for the year (EUR 11.0 million last year) of which EUR 28.8 million
in the second half year;
* Continued double digit organic growth in revenue and EBITDA expected for
2012.
Luke Taylor, CEO of LBi, commented: "2011 marked the most successful year in our
history as a public Company with record sales and adjusted EBITDA of EUR 196.6
million and EUR 31.9 million, respectively. And while 2011 could be
characterised as a transition year, we were nevertheless able to slightly
improve our operating margins, illustrating on-going structural change within
our agency.
Our 2011 performance reflects the most visible evidence of the strategic
progress we've made in transforming our business model. We have built a blended
portfolio of strategic, media, social, creative and technical skill sets
tailored to international brands who want to lead in the digital space and
capture the opportunities it offers to further create business value, drive
brand reputation and sales in multiple markets.
In the past year, we have continued rigorously to connect, share and leverage
all our skill sets, platforms and products across the regions and make them
available to our clients. We have clearly seen the merits of the merger with
bigmouthmedia (BMM) which contributed to a sales uplift as we are now fully
integrated and equipped to even better assist large multinational accounts as
their business continues to shift from off line to online. We are also very
excited about the social media, experiential and word of mouth marketing
capabilities of New York based Mr. Youth, which we acquired in November 2011.
The acquisition perfectly fulfils our strategic need and delivers breadth and
depth and tools to an already significant social media offering which was
nevertheless struggling to cope with global client demand.
LBi will continue throughout 2012 to benefit from the on-going acceleration in
interest in all things social, the trend for roster consolidation and the
aggregation of digital services into single supplier multi-market mandates. We
of course remain sensitive to macroeconomic events and in the Q4 period we
institutionalised a small increase in contractor usage as a hedge against
uncertainty. For this reason we do not anticipate any significant margin
expansion in the short term but this will start to flow through as the
contractor ratio becomes better optimised through the first half of this year.
We recorded solid organic sales growth of 13% in Q4 (18% inclusive of 6 weeks
Mr. Youth) and at the moment we continue to see good double digit organic growth
developing throughout 2012."
Open the link below for the complete LBi full year report January - December
2011
Contacts
Luke Taylor, CEO, LBi International N.V.
+44 20 7063 6465,luke.taylor(at)LBi.com
Huub Wezenberg, CFO, LBi International N.V.
+31 20 460 4500,huub.wezenberg(at)LBi.com
LBi's head office:
LBi International N.V.
Joop Geesinkweg 209 | 1096 AV Amsterdam
Box 94829 | 1090 GV Amsterdam | Netherlands
Company registration no. 30277334
Phone: + 31 20 460 45 00 | Fax: + 31 20 460 45 09
Web:www.LBi.com
About LBi
LBi International (NYSE Euronext Amsterdam: LBI) is the world's largest
independent marketing and technology agency, blending insight, media, creativity
and technical expertise to create value for brands.
Headquartered in Amsterdam (the Netherlands), we have operations in 16 countries
and a staff of approximately 2,050 digital technology and marketing experts. We
offer services to brands (clients) to help them engage with their customers
through digital channels across a wide spectrum of their points of engagement,
from initial awareness of the brand, through direct interaction with the
services or products offered by the brand, to on-going relationships with the
brand. We offer a suite of services that are designed to help companies attract,
engage and manage customers, more effectively. This full service offering
combines analytical, direct marketing and digital competences, which means that
we are able to develop big creative ideas in the digital space, build and manage
complex transactional websites, run complex CRM programmes and even handle the
media buying, planning and electronic public relations for blue chip companies.
LBi full year report January - December 2011:
http://hugin.info/86897/R/1588393/498455.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: LBi International N.V. via Thomson Reuters ONE
[HUG#1588393]
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
" alt="Garibaldi Adds Board MemberDatum: 23.02.2012 - 07:30 Uhr
Sprache: Deutsch
News-ID 117637
Anzahl Zeichen: 6511
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 205 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"LBi reports record 2011 net revenue and profits"
steht unter der journalistisch-redaktionellen Verantwortung von
LBi International N.V. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
