First half-year report for the period January - June 2011
(Thomson Reuters ONE) -
LBi reports continued sales growth and margin improvement
Amsterdam (the Netherlands), 28 July 2011 - LBi International N.V. (NYSE
Euronext symbol: LBI), Europe's largest marketing and technology agency, today
reports its 2011 first half-year (6-months) results for the period ended 30 June
2011.
Key highlights
* H1 2011 net sales up by 11% reflecting continued recovery of demand and good
commercial progress in major markets;
* H1 2011 EBITDA at EUR 17.1 million includes an exceptional gain of EUR 1.9
million on balance, due to reduction in contingent liabilities and research
costs for Dashboard project;
* H1 2011 Adjusted EBITDA up 13.4% to EUR 15.2 million year-over-year,
reflecting good underlying operational progress;
* Net income at EUR 9.9 million in H1 2011 vs. a negative EUR 5.3 million in
H1 2010;
* Cash flow from operations at EUR 11.8 - after movement in working capital at
EUR -2.9 million compared to EUR -3.0 million last year, reflecting
traditional seasonal impact;
* Strong new business wins including significant global mandates for Sony
Ericsson, Coca-Cola and Barclays;
* Merger integration proceeds according to plan, with revenue synergies
contributing to net sales uplift.
Luke Taylor, CEO of LBi, commented: "We are broadly happy with our continued
growth and operational progress in the first half of 2011. Sales grew by 11% and
our underlying margin came in at 16.1% versus 15.7% in the comparable 2010
period. We have seen the merits of the merger with BMM which contributed to our
sales uplift as we are now fully integrated and equipped to help large
multinational accounts improve their business development and marketing
activities as their business continues to shift from off line to online.
Global procurement trends and the advance of social media continue to reinforce
the relevance and competitiveness of our proposition. We are particularly
encouraged by the recent acceleration in large multi-market pitch opportunities
which combine all client digital, direct and data needs in a single mandate.
Recent significant successes with Coca-Cola, Diageo, Barclays and Sony Ericsson
demonstrate our ability to compete with global market leaders in our space and
will deliver significant growth momentum.
Another helpful growth driver is the increasing importance of "earned" media
across social channels. More clients are looking to roll out "always-on" content
programmes that allow brands to engage with consumers across all digital and
social touch-points. We see a strong appetite across our client base for branded
content strategies and social CRM activity that can engage consumers inside
their personal networks. Capitalizing on this trend, we have started to roll out
a differentiated specialist search offering where search, PR, social and content
skills are uniquely combined to drive performance. As a result, we anticipate
some margin pressure in the second half of 2011 due to additional headcount
increase, but we strongly believe this new service extension will further
strengthen the uniqueness of our capabilities set and will create significant
sales upside in the mid to longer term. Based on the above developments, we
continue to expect further sales growth with EBITDA to increase in line for the
full year 2011."
See link below for the full H1 2011 report
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 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 H1 2011 report:
http://hugin.info/86897/R/1534123/467520.pdf
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Source: LBi International N.V. via Thomson Reuters ONE
[HUG#1534123]
Unternehmensinformation / Kurzprofil:
Datum: 28.07.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 56787
Anzahl Zeichen: 6105
contact information:
Town:
Stockholm
Kategorie:
Business News
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"First half-year report for the period January - June 2011"
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