DGAP-News: Cliq Digital AG reports preliminary Q3 results 2013
(firmenpresse) - DGAP-News: Cliq Digital AG / Key word(s): Monthly Figures/Change in
Forecast
Cliq Digital AG reports preliminary Q3 results 2013
21.11.2013 / 08:28
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Cliq Digital AG reports preliminary Q3 results 2013
- Positive net earnings of EUR 0.5 million in Q3, net revenues declined
by EUR 1.3 million q-o-q
- Games represent already 30% of the revenue mix, what is above
expectations
- Good progress is made on implementation of new product lines apps and
software
- Change in guidance: net earnings 2013 re-forecasted at EUR 2.3 million
(previously EUR 3.0 million)
Dusseldorf, November 21, 2013 - Cliq Digital, a leading provider of mobile
games, apps, software and entertainment, today announces preliminary
results for the first nine months of 2013 financial year. The Group
achieved net earnings of EUR 1.9 million (9M 2012: EUR
-3.4 million) and gross revenues of EUR 42.4 million (9M 2012: EUR 52.5
million) during the first nine months 2013. Q3 net result amounted to EUR
0.5 million. Net earnings have the tendency to be lower during the third
quarter but were especially hit by the lower net revenues (EUR -1.3 million
q-o-q) realized. Those were affected by changes in regulations especially
in the UK, Spain and Singapore and more in general by the country mix
during the third quarter. This situation will last also during the greater
part of Q4, however is not expected ongoing afterwards. Without this
negative effect the revenue would have come in at the same level as Q2
whereby the net result would have been even higher. Cumulative earnings per
share (EPS undiluted) stood at EUR 0.46; taken the October capital increase
in consideration the EPS is EUR 0.43.
CLIQ's renewed strategy, presented end of March this year, is purely
concentrated on the mobile business. Within the four product pillars:
entertainment, mobile games, apps and software, CLIQ intensified the
business for smartphones. The mobile games product portfolio currently
contributes 30% of the revenues generated.
In the last two product pillars apps and software CLIQ has implemented
products ready to market. Appsdorado and play2win, both (all you can eat)
app products have shown good test results. After further optimizations the
company will launch these products in the UK, Spain, Germany and Poland by
the end of November. Flirtease, CLIQ's dating app, will also be live in the
App stores of Apple and Google for the US by the end of the year.
Concerning the software pillar CLIQ has seen good results on the G-Data
product (mobile security) by selling 40.000 packages in two-month time.
Furthermore, as previously announced, CLIQ will start selling Kaspersky
security software for Android mobile phones during December.
Cliq Ditgital foresees somewhat lower revenues for Q4; however stabilized
net earnings during the same period. As a result the company expects net
earnings of EUR 2.3 million (previously EUR 3.0 million) and gross revenue
of approx. EUR 53 million for the full year 2013 (previously EUR 70
million). The change in outlook/ guidance is mainly caused by less organic
growth (activities in existing countries and delay in entering new markets)
and not realizing some minor acquisitions and smart partnerships. The
latter are generally subject to certain risks with respect to their
implementation period. CLIQ has already put a lot of effort onidentified
clear targets with revenues around EUR 15 million annually; however the
management does not expect those being realized this year. Cliq Digital is
currently investigating attracting further finance facilities in order to
have the necessary liquidity in place to grow the business via small
acquisitions and partly use it for the redemption of the current term-loan.
The Cliq Digital management remains committed and confident to the Mobile
focused strategy and will continue to invest in growth, in both existing
and new markets.
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 February 2012.
About CLIQ Digital:
CLIQ Digital AG (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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240974 21.11.2013
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Datum: 21.11.2013 - 08:28 Uhr
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News-ID 318974
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