LeGuide.com Group : 2011 Results - High profitability for LeGuide.com in a changing market environment
(Thomson Reuters ONE) -
Press release
Paris, March 6(th) 2012
2011 Results
High profitability for LeGuide.com
in a changing market environment
+5.3% continued organic growth
Within a new competitive environment impacted by the different changes
introduced by Google, LeGuide.com group announces an organic growth of +5.3%
with 2011 revenues of ? 28.2M. Over the year activity growth was sustained
throughout each quarter.
+-----------------------------------------+------+------+
| Audited Accounts (?M)* | 2011 | 2010 |
+-----------------------------------------+------+------+
| Revenues | 28,2 | 26,8 |
+-----------------------------------------+------+------+
| Operating Income | 9,3 | 9,8 |
| %Revenues | 33% | 36% |
+-----------------------------------------+------+------+
| Income from ordinary activities | 9,8 | 10,0 |
+-----------------------------------------+------+------+
| Net income before goodwill amortization | 6,6 | 6,7 |
+-----------------------------------------+------+------+
| Net attributable income | 0,5 | 5,1 |
+-----------------------------------------+------+------+
A high operating margin of 33% despite marketing expenses increase
During the second semester, LeGuide.com accelerated its audience acquisition
plan involving an increase of marketing expenses. Including these increased
investments, the group generated a high operating margin of 33%.
Net income impacted by an exceptional goodwill depreciation of dooyoo
Within this new competitive context that has deeply modified the European market
of shopping guides, LeGuide.com decided to proceed to an exceptional goodwill
depreciation of its dooyoo subsidiary amounting to ? 4.5M.
Cash flow from operations was ? 7M in 2011, and net cash position on December
31(st) was
? 32.1M. At year end, LeGuide.com posted a robust balance sheet with ? 35.7M in
equity and a limited financial debt of ? 2.7M.
Perspectives: The new market environment as an opportunity for LeGuide.com to
become leader in Europe.
In a deeply modified market, size becomes a major asset to develop audience and
gain market share. Therefore, LeGuide.com accelerates its strategy in order to
become a European market leader.
The audience acquisition strategy involving an increase of marketing investments
will be pursued throughout 2012. In January 2012, LeGuide.com reaches 16.8
million Unique Visitors*, an increase of 18% compared to January 2011.
Besides, LeGuide.com has announced the signature of a purchase agreement for the
acquisition of the online shopping guide Ciao. With this operation, still
subject to legal precedent conditions, LeGuide.com would become the first(
)online shopping guide in Europe reaching an unduplicated audience of 31.8
Million Unique Visitors. In addition to critical size, LeGuide.com would also
leverage different synergies in order to attract more Internet users and e-
merchants and become the European market leader
Publication of Q1 2012 revenues on May 2(nd) after stock market close
About LeGuide.com Group
LeGuide.com Group, a publisher of online shopping guides, comparison websites,
shopping search engines and platforms for consumer ratings, has a total audience
of 16.8 Million Unique Visitors. LeGuide.com is present in 14 European
countries through a multi-site strategy surrounding a brand portfolio, including
leguide.com, dooyoo.com, mercamania.com and antag.com. The group that lists 164
million offers from 74 500 e-merchants has generated ?28.2 million in revenue in
2011. LeGuide.com has been certified as an "Innovative company" by OSEO (a
French public agency that supports SMEs) and is listed on the Alternext board of
NYSE Euronext Paris (ticker: ALGUI; ISIN code: FR0010146092).
* source : Comscore, January 2012
LeGuide.com Actifin
Olivia Fuchs Anaïs de Scitivaux
+33(0)1 55 43 37 29 +33 (0)1 56 88 11 14
finance(at)leguide.com adescitivaux(at)actifin.fr
Plus d'information : www.leguide.com/finance
PR - LeGuide.com Group Annual Results:
http://hugin.info/151397/R/1591854/500400.pdf
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originality of the information contained therein.
Source: LeGuide.com Group via Thomson Reuters ONE
[HUG#1591854]
Unternehmensinformation / Kurzprofil:
Datum: 06.03.2012 - 20:33 Uhr
Sprache: Deutsch
News-ID 122493
Anzahl Zeichen: 5602
contact information:
Town:
Paris
Kategorie:
Business News
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