XLMedia PLC (“XLMedia” or the “Group” or the “Company”): Interim results for the six months ended 30 June 2018
LONDON--(BUSINESS WIRE)--Sep 24, 2018--XLMedia (AIM: XLM), a leading provider of digital performance marketing services, announces its unaudited interim results for the six months ended 30 June 2018.
Financial highlightsRevenues of $59.1 million (H1 2017: $67.9 million) Gross profit of $33.5 million (H1 2017: $35.2 million) Adjusted EBITDA of $20.9 million (H1 2017: $22.8 million) Profit before tax of $16.8 million (H1 2017: $19.5 million) Interim dividend of $6.5 million or 3.0040 cents per share (H1 2017: 4.0226 cents per share); and Strong balance sheet with $51.3 million of cash and short-term investments to be deployed in further acquisitions for future growth On track to meet profit expectations for the full year
Operating highlightsCompleted a series of acquisitions in the period totalling $45.8 million, including: Leading Finnish gambling related informational websites for $18.0 millionWhichBingo.co.uk, one of the leading online informational portals and comparison sites for online bingo games in the UK for $10.5 millionThree US personal finance informational websites for $5.9 millionShortly after period end, acquired Investorjunkie.com a leading US personal finance website for $5.8 million Solid performance from our Personal Finance assets, growing both in asset base and amount of clients. Preparation for launch into the significant future potential US gambling market Enhanced the Group’s Asia-Pacific presence in the mobile apps vertical and increased revenues from new clients in the region Management have worked hard to mitigate previously reported regulatory headwinds and operating challenges and remain on track to deliver the year end market consensus profit number
Ory Weihs, Chief Executive Officer of XLMedia, commented:
“The Group produced a solid profit performance in the first half, albeit against a backdrop of regulatory pressures and challenging market conditions in the online gambling sector. However, we are now seeing positive signals and expect to meet profit expectations for the full year.
“Since the beginning of this year we have been focusing on implementing our strategy and executing acquisitions in order to accelerate growth, allocating over $45 million of capital for acquisitions. Our newly acquired assets perform as expected and we are confident they will deliver a strong return.”
A webcast of our results presentation will be available on our website later today: https://www.xlmedia.com/investor-relations/webcasts/
XLMedia will be holding a presentation for private and retail investors at 4.00pm on Tuesday 25 September 2018. To register for the event, please contact Vigo Communications on firstname.lastname@example.org.
To view the full announcement, please visit: https://www.xlmedia.com/investor-relations/rns-news-alerts/
View source version on businesswire.com:https://www.businesswire.com/news/home/20180923005028/en/
CONTACT: XLMedia plc
Jeremy Garcia / Fiona Henson / Kate Rogucheva, Tel: 020 7390 0230
Cenkos Securities plc (Nomad and Joint Broker)
Mark Connelly / Callum Davidson, Tel: 020 7397 8900
Berenberg (Joint Broker)
Chris Bowman / Mark Whitmore, Tel: 020 3207 7800
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PUB: 09/24/2018 02:01 AM/DISC: 09/24/2018 02:01 AM