Paris, 29 July 2014
Press Release
NetBooster - Q2 / 2014 RESULTS
OVERACHIEVEMENT OF RESULTS IN SECOND QUARTER
NetBooster (FR0000079683 - ALNBT - PEA-PME eligible), an independent European agency and leader in digital performance marketing, today announces its results for the second quarter of 2014.
Continuing the success story of 2014, in the second quarter, NetBooster recorded a Gross Margin of €8.6m and an EBITDA of €1m. Compared to Q2/2013 (Gross Margin of €8.6m and EBITDA of €0.1m) this impressive turnaround in profitability is due to the streamlining of the Company as well as landmark client wins. Restructuring efforts were also applied to the client portfolio by reducing the number of clients and removing the less profitable ones, which resulted in gross margin losses. These losses were compensated by the new landmark client wins. This is one of the reasons why there was no year to year growth in terms of gross margin in Q2/2014.
The Management has nearly completed the major projects to reorganise the group and will continue focusing on enriching the client portfolio with attractive multinational players in the second half of 2014.
| Gross Margin | 2013 | 2014 | Variation | EBITDA | 2013 | 2014 | Variation | |
| € m | € m | |||||||
| Q1 | 8.3 | 8.5 | 2.4% | Q1 | 0.3 | 0.7 | 133.3% | |
| Q2 | 8.6 | 8.6 | 0.0% | Q2 | 0.1 | 1.0 | 900.0% | |
| Total | 16.9 | 17.1 | 1.2% | Total | 0.4 | 1.7 | 325.0% |
FINANCIAL STRUCTURE AND CASH POSITION
The strong result in the second quarter shows how NetBooster has raised the bar in terms of its performance level. The key for the Management is to strengthen the Group financial structure by using the positive Cash Flow from the first months of 2014 to squeeze out the remaining shareholders within Guava A/S (9.51%) to gain structural and financial efficiency by delisting the Danish entity.
BIG DATA IS KEY GROWTH DRIVER
The launch of a new international DnA department / Data offering and client wins such as PSA (Peugeot, Citroën and DS), Scout24, Argos, Karavel Group, Nestle Nordics shows the strong development of the Company towards Gross Margin growth for the coming quarters.
Tim Ringel, CEO of NetBooster, comments: "The management Team of NetBooster is very excited about being able to show such a strong and also early profitability turnaround of the business. Our goal for the second half of 2014 and the coming quarters, is to leverage this profitability and keep growing our gross margin with new landmark clients in all product segments but especially in our Data and Technology Consultancy offering."
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About NetBooster Group | www.netbooster.com
NetBooster is an independent international performance agency that makes its comprehensive expertise of digital marketing available to its clients to achieve the best possible performance for their investments. The agency invests in technology and covers the entire chain of online marketing through its European network: search engine optimisation and marketing, data and analytics (DnA), display, affiliation, online media, creation, eCRM and social networks, with a recognised expertise in tomorrow's digital marketing (Social Media, Video, Ad Exchange, etc.). Shares in NetBooster are traded on the NYSE Alternext Paris.
Information
For more information please contact:
Financial Communication Press Contact
Vincent Added (Group CFO) Samira CHAKKAF ANDALOUCI
NetBooster S.A. Pepper Menthe Communication
Tel. 00 33 (0)175 434 123 / 00 33 Tel. 00 33 (0)7 86 11 14 52 /
(0)140 402 700 00 33 (0)6 63 17 36 43
vadded@netbooster.com samira@peppermenthe.com
