DGAP-News: Cliq Digital AG reports results for H1/2013
(firmenpresse) - DGAP-News: Cliq Digital AG / Key word(s): Half Year Results
Cliq Digital AG reports results for H1/2013
21.08.2013 / 08:53
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- Positive net earnings of EUR 1.4 million in H1/2013 (H1/2012: EUR -3.2
million)
- H1 revenues of EUR 30.5 million compared to EUR 37.2 million in H1/2012
- Q2 revenues +8.9% compared to Q1
- EBITDA of EUR 4.7 million during first six months 2013 (H1/2012: EUR 5.2
million)
Dusseldorf, August 21, 2013 - Cliq Digital, a leading provider of mobile
games, apps, software and entertainment, today announces preliminary
results for the first six months of 2013 financial year. The Group achieved
highly improved net earnings of EUR 1.4 million during the first six months
2013 (H1/2012: EUR -3.2 million). Q2 net result amounted to EUR 768
thousand (+15.7% compared to Q1). Net earnings especially benefitted from
significantly lower scheduled amortization on intangible assets and the
absence of merger costs. Earnings per share (EPS undiluted) came in at EUR
0.36; Q2 EPS reached EUR 0.19.
Cliq Digital generated total revenues of EUR 30.5 million from January to
June (H1/2012: EUR 37.2 million). The former 'Bob Mobile activities', were
responsible for more than 80% percent of the downturn in revenues (compared
to the first half of 2012). Nevertheless, the second quarter 2013 showed
increased revenues for Cliq Digital compared to the previous quarter of EUR
15.9 million (Q1/2013: EUR 14.6 million, +8.9%).
EBITDA (earnings before interests, taxes, depreciation and amortization)
came in at EUR 4.7 million in H1/2013 (H1/2012: EUR 5.2 million including
EUR 1.1 million merger costs). Besides the lower revenues, also higher
direct costs caused by a different country mix with higher shares for
operator, gateway and content costs, had a dampening effect on the EBITDA.
Due to this lower EBITDA and the increased revenue Cliq Digital is
concentrating on improving the liquidity situation with respect to the
redemption payments on the term loan. A positive factor is the
significantly reduced operational expenditures. In this context personnel
costs were lowered to EUR 3.3 million (H1/2012: EUR 4.2 million); total
OPEX savings add up to EUR 1.3 million during the first six months 2013.
Luc Voncken, CEO of Cliq Digital, comments on the half year results: 'CLIQ
is generating good net results especially since the balance sheet impacts
of the Cliq B.V. acquisition are ceasing. The increased revenues in the
second quarter compared to the previous are encouraging, particularly
because sales related to former Bob Mobile business were rapidly declining.
Nevertheless market environment remains challenging and thus we should not
be over enthusiastic. We see the roll out of our new markets taking more
time and tougher regulations in existing countries. On the other hand
especially in those regulated markets higher margins can be reached.'
Luc Voncken continues: 'I am confident we can compensate those negative
effects in the coming years with our growing smartphone business. The
acquisition of Grumbl Media, announced last week, is an important step on
the way to gather leading knowhow for the monetization of smartphones
within the CLIQ group.'
In the 2013 financial year Cliq Digital expects to reach revenues of EUR 70
million and an EBITDA of approximately EUR 11.5 million and further
reducing of the debt. The negative net effect on the result of the
amortization on the customer base will be reduced to EUR 2.2 million in
2013. CLIQ expects a positive net result of approx. EUR 3.0 million in
2013. The company still expects to realize organic growth through
activities in existing countries, by entering new markets and by
introducing new products for mobile devices however it will be challenging.
The guidance includes some minor acquisition opportunities as well as new
smart partnerships, although these are generally subject to certain risks
with respect to their implementation period.
All figures in this Corporate News are unaudited. 2012 figures are on pro
forma basis. Compared to IFRS figures reported in annual report 2012,
herein the Cliq B.V. is consolidated since January 2012.
The semi-annual accounts statement 2013 will be published in the upcoming
four weeks and will be made available for download at
www.cliqdigital.com/investors.
About CLIQ Digital:
CLIQ Digital AG (CLIQ:GR; ISIN DE000A0HHJR3), based in Dusseldorf, Germany,
is a leading provider of mobile games, apps, software and entertainment
content. CLIQ Digital markets content in over 50 countries, especially by
way of its direct sales to end customers. The company was founded as Bob
Mobile AG in 2005. A decisive growth step was taken in 2012 with the
acquisition of Dutch company CLIQ B.V., which provided the name of the
newly positioned Group. The company is listed in the Entry Standard of the
Frankfurt Stock Exchange. Visit CLIQ on: www.cliqdigital.com
Contact:
cometis AG
Rolf Becker
Unter den Eichen 7
D-65195 Wiesbaden
Phone: +49 (0)611 20 58 55-40
Fax: +49 (0)611 20 58 55-66
E-mail: becker(at)cometis.de
End of Corporate News
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Datum: 21.08.2013 - 08:53 Uhr
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