DGAP-News: Sedo Holding AG publishes financial results for the first half-year 2013
(firmenpresse) - DGAP-News: Sedo Holding AG / Key word(s): Half Year Results
Sedo Holding AG publishes financial results for the first half-year
2013
14.08.2013 / 10:25
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- Revenue growth of 5.9% to EUR 70.5 million (previous year: EUR 66.6
million)
- EBT: EUR 2.4 million (EBT 2012 before one-offs: EUR 2.7 million)
- Outlook unchanged: Rising revenue and earnings contributions for 2013
Cologne, August 14, 2013 - Sedo Holding AG (ISIN DE0005490155) has today
published its consolidated financial results for the first half-year 2013.
With a revenue growth of 5.9% the Company is in line with its forecast.
Total Group revenue was up from EUR 66.6 million in the previous year to
EUR 70.5 million. This growth was particularly driven by the Affiliate
Marketing segment, which can look back on a successful first half-year due
to its internationalization and major customer strategy. The Domain
Marketing segment remained confronted by the challenges of a contracting
market and strong competition from price-aggressive providers, which is why
the revenue decline continued, as expected.
In the Domain Marketing segment, EUR 13.7 million of sales revenue was
generated during the first six months of 2013, a decline of 17.0% compared
with the previous year's EUR 16.5 million. The number of domains tradable
on the platform rose to 17.0 million as of June 30, 2013 compared with 14.9
million as of December 31, 2012. As of the reporting date around 4.4
million domains (December 31, 2012: 3.8 million) were available for
advertising marketing in the area of performance-based domain parking. Both
revenue and the related earnings decline within Domain Marketing reflect
the overall contraction of the domain parking market. The domain trading
area remained stable at the previous year's level, by contrast. With regard
to this area, the Company anticipates additional impulses to come from
trading with the new generic Top-Level Domains (gTLDs), which are starting
successively from the fourth quarter of 2013.
In the Affiliate Marketing segment, on the other hand, revenue reported
marked growth of 13.4% during the first six months of 2013, rising from EUR
50.1 million to EUR 56.8 million. The number of partner programs increased
by more than 5% during the first half of 2013 to 3,023, and the number of
connected websites by 1.8% to 571,000. This positive trend is to be seen as
the result of the expansion of the business with major customers and our
internationalization. At the same time, the greater automation of
processes, the optimization of sales and the expansion of service quality
are becoming increasingly noticeable in terms of our operating earnings.
The Company generated additional added values for its customers with the
review of its technical platform for Affiliate Marketing.
Despite the positive revenue and earnings trends in Affiliate Marketing the
effects of the fall in Domain Marketing couldn't be offset at Group level
as expected, which means that overall earnings figures in the period under
review were below the previous year's level. Specifically, earnings before
interest, taxes, depreciation, amortization and write-downs on domains
(EBITDA) fell to EUR 2.9 million in the first half of 2013 compared with
EUR 3.3 million in the previous year. Accordingly, earnings before taxes
(EBT) were down from EUR 2.7 millionin the previous year period (excluding
EUR 60.2 million of negative one-offs resulting from impairment losses) to
EUR 2.4 million. Earnings per share (EPS) stood at EUR 0.04 in the first
half of 2013 - compared with EUR -1.94 of EPS in the previous year period,
which were burdened by the aforementioned impairment losses.
Sedo Holding AG lies within the scope of its budgets with the revenue and
earnings growth trends that it achieved in the first half of 2013, and
continues to expect revenue growth of around 10% for the full 2013 year -
driven especially by the Affiliate Marketing business - compared with the
2012 financial year (2012 revenue: EUR 132.7 million), and earnings before
taxes of between EUR 4.0 million and EUR 5.0 million.
Key IFRS consolidated figures Jan. - June Jan. - June Change in %* EBITDA, i.e. earnings before interest, taxes, depreciation, amortization
2013 2012
in EUR million
Sales revenues 70.5 66.6 +5.9
EBITDA* 2.9 3.3 -12.1
EBT before one-offs** 2.4 2.7 -11.1
EBT 2.4 -57.6 -
Net result 1.2 -59.0 -
EPS in EUR 0.04 -1.94 -
and write-downs on domains
** EBT before one-offs, i.e. before goodwill impairment losses applied to
the Sedo subgroup cash-generating unit (CGU) and at the affilinet France
CGU
Today, Sedo Holding AG will publish its 6-Month Report 2013 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 seven European countries,
Germany, Austria, Switzerland, France, Spain, Great Britain and the
Netherlands, as well as in the USA. In total, at the end of 2012 Sedo
Holding AG had 345 employees, of this total 241 in Germany and 104 in the
foreign branch offices. In fiscal year 2012 the Sedo Holding Group
registered revenues of EUR 132.7 million with an EBT before one-offs of EUR
3.7 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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225634 14.08.2013
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