LBi reports excellent first half-year performance and good progress in strategy execution
(Thomson Reuters ONE) -
Amsterdam (the Netherlands), 27 July 2012 - LBi International N.V. (NYSE
Euronext: LBI), Europe's largest independent marketing and technology agency,
today reports its first half-year 2012 results for the period ended 30 June
2012.
Key highlights
* Revenue up 26.3% (21.6% at constant rates) to EUR 119.4 million reflecting
continued demand for digital branding, social media and mobile offerings;
* Adjusted EBITDA increased 30.9% to EUR 19.9 million, reflecting solid
underlying operational progress and margin improvement;
* Q2 2012 EBITDA at EUR 10.5 million with margin up at 17.1% (Q2 2011: 16.4%)
due to improved performance in the USA;
* Net result of EUR 9.4 million in H1 2012 vs. EUR 8.0 million (excluding the
benefit of one-off items) in 2011;
* Strong financial position with cash balance of EUR 37.2 million and net debt
at EUR 9.1 million per end of June;
* Positive operating cash flow of EUR 2.5 million (H1 2011:-2.9) in line with
seasonal pattern;
* Continued double digit organic growth in revenue and EBITDA expected for
2012.
Luke Taylor, CEO of LBi, commented: "Our results for the first half-year show
that we continue to make good progress in executing our strategy in a
challenging business environment.
Margins developed positively over the period and in Q2 we delivered EBITDA of
EUR 10.5 million on revenues of EUR 61.4 million (17.1%). The 100 basis point
improvement compared to Q2 2011 can principally be attributed to on-going
efficiency gains in the USA where the benefits of last year's management
restructure and better cost control are starting to now flow through.
Revenue developed broadly in line with plan with out-performance in the UK, USA
and Nordic markets offsetting some persistent hesitancy in the smaller European
markets.
Global demand for our services remains healthy and we do not currently see any
material evidence of softness in the top-line. We of course expect that
conditions will remain challenging across Central and Southern Europe but we are
now better balanced geographically and this will help us maintain positive
momentum. Furthermore, the consistent acceleration in spend across earned media
channels gives us some structural resilience to any downturn in sentiment."
Open the link below for the complete LBi first half-year report January - June
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 International N.V.
Joop Geesinkweg 209 | 1096 AV Amsterdam | The Netherlands
P.O. Box 94829 | 1090 GV Amsterdam | The Netherlands
Company registration no. 30277334
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 2,150. 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.
For more information, visit www.LBi.com
LBi first half-year report January ? June 2012:
http://hugin.info/86897/R/1629906/522184.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#1629906]
Unternehmensinformation / Kurzprofil:
Datum: 27.07.2012 - 07:30 Uhr
Sprache: Deutsch
News-ID 169309
Anzahl Zeichen: 5083
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 285 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"LBi reports excellent first half-year performance and good progress in strategy execution"
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).
