LeGuide.com Group : SHARP RISE IN RESULTS FOR FIRST HALF OF 2013 Recurring operating profit: ?5.3m (+61%) Net profit group share: ?3.5m
(Thomson Reuters ONE) -
Press release
Paris, 23 July 2013
SHARP RISE IN RESULTS FOR FIRST HALF OF 2013
Recurring operating profit: ?5.3m (+61%)
Net profit group share: ?3.5m
Consolidated Income Statement
-------------------------------------------------------
M? H1 2013 H1 2012 Change
IFRS IFRS
-------------------------------------------------------
Net sales 24.4 20 22%
-------------------------------------------------------
RESOP (Reccuring Ebit) 5.3 3.3
----------------------------------------------- 61%
% Net sales 22% 17%
-------------------------------------------------------
Acquisition costs 0.0 (1,3)
Restructuring -0.1 -
-------------------------------------------------------
EBIT 5.2 2 165%
-------------------------------------------------------
Financial Result 0.1 0.1
-------------------------------------------------------
Net Income before tax 5.3 2.1 149%
-------------------------------------------------------
Tax -1.8 -0.8
-------------------------------------------------------
Net Income - Group share 3.5 1.3 158%
-------------------------------------------------------
Limited Audit procedures have been completed for the consolidated accounts,
certification report is being drawn up.
.
Turnover of ?24.4m (+22%)
The LeGuide group's turnover stands at ?24.4m for the first half of 2013, up
22% (8% on a like-for-like basis).
Analysis of activity shows a decline in turnover from Ciao linked to the group's
decision to prioritise profitability, particularly through streamlining of
traffic acquisition costs.
The group's traditional activity has performed well, however, with 17% growth
over the half-year.
The number of customers continues to rise, now standing at 82,100 online
merchants (up by 6.2% YoY)
Recurring Operating profit up 61%
The strategy adopted has significantly increased Ciao's profitability, which is
now making a positive contribution to the group's results. This has led to
strong growth in the group's results.
Operating profit stands at ?5.3m with an increase in operating margin from 17%
in the first half of 2012 to 22% in the first half of 2013.
Net Income before Tax is ?5.3m and Net Income - Group share has more than
doubled to ?3.5m.
This good performance reflects the group's desire to encourage profitability.
A very solid financial structure
With ?45.6 million of shareholders' equity, ?23.4 million of net cash position,
the LeGuide group enjoys a very solid financial position.
Continuation of the innovation and profitability strategy
The LeGuide group, the number one European shopping guide with 19.4 million
unique visitors, plans to reinforce its leadership position.
In a more difficult market context, marked by a slowdown in e-commerce and
intensified competition, the group plans to continue its ambitious policy of
differentiation through innovation.
Over the past year, this proactive strategy has made it possible to renew the
service offered to web-users. This service is now available on a range of
devices (web, mobile and tablet), includes marketplaces and incorporates a web-
to-store service. Structural projects have meanwhile been implemented to
accelerate the group's development (unified platform, new search engine, etc.).
Olivier Sichel, Chairman-CEO of the LeGuide group, comments: "We are very
pleased to present these results which illustrate all the efforts we have made
to optimise the group's costs structure and rapidly restore Ciao's
profitability. We are now committed to reviving Ciao's growth with on-going
improvements being made to the site between now and the end of the year. Our
ambition is to pursue our development by adopting a policy of targeted
acquisitions."
Next publication: Turnover for Q3 2013 on 17 October 2013 after market close.
About the LeGuide group
The LeGuide group, a publisher of online shopping guides, comparison websites,
shopping search engines and platforms for consumer ratings, is number one in
Europe with 19.4 million unique visitors*. With a team of 200 employees, the
group operates in 14 European countries through a multi-site strategy based
around a number of subsidiaries, including LeGuide.com, Ciao, dooyoo.com,
mercamania.com and choozen.com. The group, which lists 155 million products from
more than 82,000 e-merchants, generated revenue of ?43.8 million in 2012.
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, June 2013
LeGuide Group
Olivia Fuchs Anaïs de Scitivaux
00 33 1 75 44 56 34 +33 1 56 88 11 14
finance(at)LeGuide.com adescitivaux(at)actifin.fr
For more information: www.leguidegroup.com
Appendix
HY1 2013 SIMPLIFIED ACCOUNTS ACCORDING TO IFRS STANDARDS
Limited Audit procedures have been completed for the consolidated accounts,
certification report is being drawn up.
CONSOLIDATED INCOME STATEMENT
-------------------------------------------------------
M? H1 2013 H1 2012 Change
IFRS IFRS
-------------------------------------------------------
Net sales 24.4 20 22%
-------------------------------------------------------
RESOP (Reccuring Ebit) 5.3 3.3
----------------------------------------------- 61%
% Net sales 22% 17%
-------------------------------------------------------
Acquisition costs 0.0 (1,3)
Restructuring -0.1 -
-------------------------------------------------------
EBIT 5.2 2 165%
-------------------------------------------------------
Financial Result 0.1 0.1
-------------------------------------------------------
Net Income before tax 5.3 2.1 149%
-------------------------------------------------------
Tax -1.8 -0.8
-------------------------------------------------------
Net Income - Group share 3.5 1.3 158%
-------------------------------------------------------
CONSOLIDATED CASH FLOW STATEMENT
---------------------------------------------------------------------------
M? H1 2013 H1 2012
IFRS IFRS
---------------------------------------------------------------------------
Gross cash flow 4.1 4.5
---------------------------------------------------------------------------
Changes in working capital -1.1 -0.8
---------------------------------------------------------------------------
Cash generated from operating activities 3.0 3.7
---------------------------------------------------------------------------
Cash used in investing activities -0.4 -16.2
---------------------------------------------------------------------------
Capital increase 0.2 0.1
---------------------------------------------------------------------------
Financial debt decrease -0.7 -0.7
---------------------------------------------------------------------------
Cash used in financial activities -0.5 -0.6
---------------------------------------------------------------------------
NET CASH FROM OPERATING, INVESTING AND FINANCIAL ACTIVITIES 2.1 -13.1
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Cash at start of the period 24.7 34.8
---------------------------------------------------------------------------
Cash at end of the period 26.7 21.7
---------------------------------------------------------------------------
CONSOLIDATED BALANCE SHEET
---------------------------------------------
M? H1 2013 H1 2012
IFRS IFRS
---------------------------------------------
ASSETS
---------------------------------------------
Non Current Assets 18.9 18.9
---------------------------------------------
Current assets 37.7 38.1
---------------------------------------------
Including cash 26.7 24.9
---------------------------------------------
TOTAL ASSETS 56.6 57.0
---------------------------------------------
---------------------------------------------
LIABILITIES
---------------------------------------------
Shareholders Equity 45.6 41.6
---------------------------------------------
Non Current Liabilities 0.3 0.3
---------------------------------------------
Current Liabilities 10.7 15.0
---------------------------------------------
TOTAL LIABILITIES 56.6 57.0
---------------------------------------------
RESULTATS S1 GROUP LEGUIDE:
http://hugin.info/151397/R/1718201/571485.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: LeGuide.com Group via Thomson Reuters ONE
[HUG#1718201]
Unternehmensinformation / Kurzprofil:
Datum: 23.07.2013 - 17:54 Uhr
Sprache: Deutsch
News-ID 281047
Anzahl Zeichen: 11944
contact information:
Town:
Paris
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 289 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"LeGuide.com Group : SHARP RISE IN RESULTS FOR FIRST HALF OF 2013 Recurring operating profit: ?5.3m (+61%) Net profit group share: ?3.5m"
steht unter der journalistisch-redaktionellen Verantwortung von
LeGuide.com Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
