DGAP-Adhoc: ad pepper media International N.V. starts 2010 with profitable growth


ad pepper media International N.V. / Quarter Results/Preliminary Results

26.04.2010 08:32 

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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ad pepper media International N.V. starts 2010 with profitable growth

Nuremberg, Amsterdam, 26 April 2010

In the first quarter of 2010, ad pepper media International N.V. already
recorded a positive result, not just on an EBITDA and EBT, but also on an
EBIT basis. Earnings before interest, taxes and deprecation and
amortization (EBITDA) totaled kEUR 203 (Q1 2009: kEUR -588), earnings
before taxes (EBT) totaled kEUR 420 (Q1 2009: kEUR -903) and earnings
before interest and taxes (EBIT) totaled kEUR 17 (Q1 2009: kEUR -1,209).

On a pro-forma basis, i.e. taking the discontinuation of activities in
Italy into consideration, sales grew by 6.9 percent on a consolidated
basis. The Webgains and ad agents segments were the growth drivers in the
ad pepper media Group with 26.6 percent and 31.7 percent respectively (in
each case compared to the previous year's quarter). With sales down by 
6.1 percent on a pro-forma basis the ad pepper media segment was below
expectations, though a trend turnaround is also expected in the second
quarter.

The Group's 2006/07 acquisition strategy focused on performance based
advertising solutions combined with a significantly lower cost base is
having a positive impact. The goal is to achieve EBITDA break even for the
entire year 2010. This was last achieved in 2005.

The cash item (liquid funds, including securities at fair value and time
deposits) increased slightly to kEUR 22,677 (31 December 2009: 
kEUR 22,602). There are no liabilities due to banks. Equity ratio as per 
31 March 2010 is at 69 percent (31 December 2009: 65 percent).

The 1st quarter 2010 report will be published on 12 May 2010.


Key figures (non-audited) for 2010 compared to 2009:

|[![CDATA[|[pre|]]]|]

                                    Q1 / 2010   Q1 / 2009    Deviation in %
Sales                        kEUR      11,995      11,619            +3.2
Gross margin                 kEUR       5,291       5,223            +1.3
EBITDA                       kEUR         203        -588            >100
EBIT                         kEUR          17      -1,209            >100
EBT                          kEUR         420        -903            >100
Group result                 kEUR         419        -878            >100
Earnings per share (basic)    EUR        0.02       -0.04            >100

                                                                           
                                   31.03.2010  31.03.2009    Deviation in %
Liquid funds                 kEUR      22,677      21,575            +5.1
Equity                       kEUR      22,339      54,048           -58.7
Total assets                 kEUR      32,400      63,233           -48.8


|[![CDATA[|[/pre|]]]|]


For further information:

Jens Körner (CFO)

ad pepper media International N.V.

Tel.: +49 (0) 911 929057-0

Fax: +49 (0) 911 929057-157

Email: ir@adpepper.com


26.04.2010 08:32 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]

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Language:     English
Company:      ad pepper media International N.V.
              Hogehilweg 15
              1101 CB Amsterdam
              Niederlande
Phone:        +49 911 9290570
Fax:          +49 911 929057-157
E-mail:       ir@adpepper.com
Internet:     www.adpepper.com
ISIN:         NL0000238145
WKN:          940883
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Düsseldorf, Stuttgart, Hamburg
 
End of News                                     DGAP News-Service
 
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