LBi sees continued sales and earnings growth in Q1 2012
(Thomson Reuters ONE) -
Progress reflects success of business model transformation and strategy
execution
Amsterdam (the Netherlands), 26 April 2012 - LBi International N.V. (NYSE
Euronext symbol: LBI), Europe's largest independent marketing and technology
agency, today reports its first quarter results for the period ended 31 March
2012.
Key highlights
* Q1 2012 net sales up 27.8% (25.3% at constant rates) versus Q1 2011
reflecting continued growth in all regions and successful integration of Mr
Youth;
* Q1 2012 adjusted EBITDA up 25.3% (22.7% at constant rates) to EUR 9.4
million vs. Q1 2011 (EUR 7.5 million), EBITDA margin at 16.2% (16.5%);
* Q1 2012 organic revenue growth[1] at constant rates 17.8%;
* Net income of EUR 4.5 million in Q1 2012 vs. a net income of EUR 4.6 million
in
Q1 2011 (net result Q1 2011 benefited from a one off contingent
consideration release of EUR 1.8 million);
* Healthy financial position with limited net debt of EUR 8.2 million and a
slight negative cash flow from operations due to primarily seasonal effects
of EUR -1.1 million;
* Continued increase of interest by clients (brands) in agencies that blend
search, social, direct response, data and digital skill sets.
Luke Taylor, CEO of LBi commented: "We are broadly pleased with progress made in
Q1.
The growth recorded across the US, UK and Nordic regions remains particularly
strong and we see accelerating opportunity for LBi to own both the digital and
social agency of record opportunity. The acquisition of Mr Youth delivers a
best-in-class competitive advantage in the rapidly growing social marketing
segment and we are focused on the rapid transfer of these specialist skills
across all our markets. We have also upgraded our platform toolset to
facilitate the rapid integration of social marketing IP into all key hub
offices. We believe that our offer which uniquely blends both digital and social
marketing skill sets is now differentiated by the depth and breadth of skills
mix and a cost effective delivery model. The success of this mix is best
evidenced in recent multi market Agency of record wins for Honda, Skype and
Etihad."
[1] For best comparison, we have defined organic revenue growth as the movement
between Q1 2012 revenues including Mr Youth and Q1 2011 revenues also including
Mr Youth. Please note that US-based social media marketing agency Mr Youth was
acquired by LBi in November 2011 and consolidated as of mid-November 2011.
Open the link below for the complete LBi quarterly trading update January -
March 2012
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 | The Netherlands
P.O. Box 94829 | 1090 GV Amsterdam | The 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 N.V. (NYSE Euronext Amsterdam: LBI) is Europe'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 2,120. As a marketing and technology agency, 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.
The Company 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 quarterly trading update January ? March 2012:
http://hugin.info/86897/R/1606091/508909.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#1606091]
Unternehmensinformation / Kurzprofil:
Datum: 26.04.2012 - 07:30 Uhr
Sprache: Deutsch
News-ID 139392
Anzahl Zeichen: 5362
contact information:
Town:
Stockholm
Kategorie:
Business News
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