Quarterly trading update for the period January - March 2011
(Thomson Reuters ONE) -
LBi books sound top line growth and further margin improvement in Q1 2011
Business fuelled by increasing demand for digital branding, social media and
mobile offerings
Amsterdam (the Netherlands), 29 April 2011 - LBi International N.V. (NYSE
Euronext symbol: LBI), Europe's largest marketing and technology agency, today
reports its first quarter results for the period ended 31 March 2011.
Key highlights
* Q1 2011 net sales up 10% versus Q1 2010 reflecting continued strong
commercial progress in major markets;
* Q1 2011 actual EBITDA EUR 8.7 million vs. EUR 2.0 million in Q1 2010;
* Q1 2011 adjusted EBITDA up 19% to EUR 7.5 million vs. Q1 2010 (EUR 6.3
million), margin at 16.5% up from 15.2%;
* Net income of EUR 4.6 million in Q1 2011 vs. a negative net income of EUR
2.5 million in Q1 2010;
* Positive operating cash flow of EUR 1.1 million in Q1 2011;
* Strong new business wins including global remit for Sony Ericcson, Barclays
and J&J Pharma;
* Market sentiment expected to further improve in 2011; accelerating interest
by clients in agencies that blend search, social, direct response, data and
digital skill sets.
Luke Taylor, CEO of LBi commented: "We have had a positive start to the year.
UK, Nordics and Germany are thriving on the back of growing strong spend across
key accounts and the successful cross-sell of services. The US built significant
momentum through the quarter and will trade well in Q2 2011 on the back of an
excellent new business performance in March. Smaller markets are starting to
benefit from the more effective distribution of global revenues. While the
latter is not a significant growth driver it nevertheless allows us to optimise
our global bench.
Trends are pointing in the right direction. We will continue to benefit from
services, category and geographic consolidation as leading national and
international brands look to centralise digital, direct and data activities,
drive platform economies of scale and leverage insight and IP across all
markets. For 2011, we therefore expect further sales growth with EBITDA to
increase in line."
See link below for the full quarterly trading update
Contacts
Luke Taylor, CEO, LBi International N.V.
+44 20 7063 6465,luke.taylor(at)LBi.com
Huub Wezenberg, CFO, LBi International N.V.
+31 20 460 4500,huub.wezenberg(at)LBi.com
LBi's head office:
LBi International N.V.
Joop Geesinkweg 209 | 1096 AV Amsterdam
Box 94829 | 1090 GV Amsterdam | Netherlands
Company registration no. 30277334
Phone: + 31 20 460 45 00 | Fax: + 31 20 460 45 09
Web:www.LBi.com
About LBi
LBi International N.V. (NYSE Euronext Amsterdam: LBI) is the leading European
marketing and technology agency with a global reach.
Headquartered in Amsterdam (the Netherlands), LBi has a staff of approximately
1,800 and operations in 15 countries. As a marketing and technology agency, LBi
offers services to brands (clients) to help them engage with their customers
through digital channels across a wide spectrum of their points of engagement,
from initial awareness of the brand, through direct interaction with the
services or products offered by the brand, to on-going relationships with the
brand.
The Company offers a suite of services that are designed to help companies
attract, engage and manage customers, more effectively. This full service
offering combines analytical, direct marketing and digital competences, which
means that LBi is able to develop big creative ideas in the digital space, build
and manage complex transactional websites, run complex CRM programmes and even
handle the media buying, planning and electronic public relations for blue chip
companies.
LBi quarterly trading update Q1 2011:
http://hugin.info/86897/R/1510552/445675.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: LBi International N.V. via Thomson Reuters ONE
[HUG#1510552]
Unternehmensinformation / Kurzprofil:
Datum: 29.04.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 54046
Anzahl Zeichen: 4835
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 193 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Quarterly trading update for the period January - March 2011"
steht unter der journalistisch-redaktionellen Verantwortung von
LBi International N.V. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
