DGAP-News: Sedo Holding AG publishes nine-month figures for 2012
(firmenpresse) - DGAP-News: Sedo Holding AG / Key word(s): Quarter Results
Sedo Holding AG publishes nine-month figures for 2012
14.11.2012 / 08:19
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- Revenue growth of 7.3% to EUR 98.7 million (previous year: EUR 92.0
million)
- EBT before one-offs: EUR 2.7 million
Cologne, November 14, 2012 - Sedo Holding AG (ISIN DE0005490155) has today
published its consolidated financial results for the first nine months of
2012. With a revenue growth of 7.3% the Company is in line with its
forecast. Total Group revenue was up from EUR 92.0 million in the previous
year to EUR 98.7 million.
In the Domain Marketing segment the revenue decline continued, as expected.
A total of EUR 24.0 million was generated during the first nine months of
2012, compared with EUR 29.4 million in the previous year. The number of
domains tradable on the platform fell to 15.1 million as of September 30,
2012, compared with 15.7 million as of December 31, 2011. Around 3.5
million domains (December 31, 2011: 4.4 million) were available as of the
reporting date for marketing in the area of performance-based domain
parking. Both revenue, and the related earnings decline, within Domain
Marketing reflect the overall fall in the domain parking market. By
contrast with this, slight revenue growth was achieved in the domain
trading area.
In the Affiliate Marketing segment, revenue grew by 19.7% to reach EUR 74.8
million in the first nine months of 2012, compared with EUR 62.5 million in
the previous year. The number of partner programs increased by 20.4% to
2,694, and the number of connected websites by 4.5% to 553,000. This
revenue growth is attributable to the expansion of the major customer
business and the growing internationalization. Nevertheless the realization
of both of these growth-drivers is proceeding more slowly than originally
expected and planned. This segment's earnings figures reflect, firstly, the
effects of the macroeconomic slowdown, especially in France and the United
Kingdom, and, secondly, the insolvency of a major customer in Germany,
which - along with the loss of sales revenues - also entailed valuation
adjustments for outstanding receivables.
In line with the segments' negative earnings, earnings figures at Group
level during the first nine months of 2012 remained behind the previous
year's figures. Specifically, earnings before interest, taxes,
depreciation, amortization and write-downs on domains (EBITDA) fell from
EUR 5.5 million in the previous year to EUR 3.6 million, and earnings
before taxes (EBT) adjusted to reflect one-offs were down from EUR 4.8
million in the previous year to EUR 2.7 million. The resultant consolidated
net income before one-offs amounted to EUR 0.9 million.
In the second quarter of 2012, in EUR 57.1 million of goodwill impairment
charges were necessitated within the cash-generating unit (CGU) Sedo
subgroup, as well as EUR 3.2 million at the CGU affilinet France.
After taking into account the one-off effects, the Group reported a
consolidated net loss of EUR -59.3 million in the first nine months of 2012
(previous year: consolidated net income of EUR 2.7 million). Earnings per
share amounted to EUR -1.95, following EUR 0.09 in the previous year.
For the full year 2012, we are retaining the targets we published at the
time of the half-yearly figures, and continue to expect a revenue growth
between 5 and 10%(prior-year revenue: EUR 124.5 million), and a positive
EBT before one-offs.
Key IFRS consolidated figures Jan. - Sep. 2012 Jan. - Sep. 2011 Change*EBITDA - result of operating activities before depreciation, amortization
in EUR million
Sales revenues 98.7 92.0 7.3%
EBITDA* 3.6 5.5 -34.5%
EBT -57.6 4.8 -
Consolidated net income -59.3 2.7 -
EPS in EUR -1.95 0.09 -
and write-downs on domains.
Sedo Holding AG will today publish its 9M 2012 report for downloading from
its website at www.sedoholding.com.
Company profile:
The Sedo Holding Group in Cologne is an independent supplier of
performance-based marketing solutions in the Internet. It unites the two
leading marketplaces for performance advertising and domains on the
Internet: affilinet for Affiliate Marketing and Sedo for Domain Marketing.
The Group is represented with branch offices in five European countries,
Germany, France, Spain, Great Britain and the Netherlands, as well as in
the USA. In total, at the end of 2011 Sedo Holding AG had 345 employees, of
this total 242 in Germany and 103 in the foreign branch offices. In fiscal
year 2011 the Sedo Holding Group registered revenues of EUR 124.5 million
with an EBT of EUR 3.2 million.
Contact:
Marcus Schaps
Head of PR
Sedo Holding AG
Elgendorfer Straße 57
56410 Montabaur
Tel.: +49 (0) 2602 - 96 1076
Fax: +49 (0) 2602 - 96 1013
E-Mail: presse-holding(at)sedo.com
End of Corporate News
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Language: English
Company: Sedo Holding AG
Im Mediapark 6
50670 Köln
Germany
Phone: +49 - (0)221 / 34030-560
Fax: +49 - (0)221 / 34030-564
E-mail: holding(at)sedo.com
Internet: www.sedoholding.com
ISIN: DE0005490155
WKN: 549015
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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193021 14.11.2012
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