December 2012

Cliq Digital AG reports its interim IFRS balance sheet and results as of June 30, 2012 – Second half year shows significantly improved net results

  • 03/12/2012

– IFRS figures confirm preliminary results on pro forma basis (operating
EBITDA at EUR 6.3 million)
– Scheduled non-cash depreciation and amortization lead to pro forma net
income of EUR -3.2 million in the first six months 2012
– Depreciation on intangible assets of EUR 7.1 million primarily due to
– Strong equity ratio of 42.7% as of June 30, 2012

Dusseldorf, December 3, 2012 – Cliq Digital AG – the former Bob Mobile AG
-, a leading provider of mobile games, apps and entertainment content,
reports its consolidated financial results according to IFRS (International
Financial Reporting Standards) for the first six months of the 2012
financial year. Herein Dutch company Cliq BV is consolidated since February
2012, the month of the closing of the acquisition by former Bob Mobile AG.

On a pro forma basis – consolidating Cliq BV for the six months from
January to June – the operating EBITDA amounted to EUR 6.3 million
(adjusted for restructuring costs and merger costs of EUR 1.1 million).
These figures confirm the preliminary results published in August.

Depreciation and amortization in the first half of 2012 amounted to EUR 7.1
million leading to an EBIT (earnings before interest and taxes) of EUR -1,9
million, financing costs were EUR 0.7 million and tax expenses stood at EUR
0.6 million. Net results thereby came in at
EUR -3.2 million. These figures are again on pro forma basis.

Within the above mentioned depreciation and amortization EUR 6.7 million of
non-cash depreciation on intangible assets (such as the customer database)
have been accounted for. This is an effect of applying IFRS; shown in the
full IFRS figures for the first half year of 2012 which will be published
along with this corporate news today on the homepage of the company

The development in the second half of the year shows a significant
improvement of the net result, due to a significant lower depreciation on
the customer database (EUR 2.9 million). The company expects net results in
the second half of 2012 between EUR -1.3 million and EUR 0,2 million,
representing the latest operating EBITDA guidance EUR 10.5 million to EUR
12.5 million, which we hereby reconfirm.

Cliq Digitals Chief Executive Officer Luc Voncken comments: ‘With the
preparation of the first consolidated IFRS figures following the
acquisition of Cliq BV we completed the transaction also in terms of
accounting. This is an important step for the further improvement of the
transparency towards the market. I have full confidence in the strategy of
Cliq Digital as a powerful provider of mobile games, apps and entertainment
– as the CEO of the company and also as a major shareholder.’ Grupa Media
Holding II BV, owned by Luc Voncken and his business partners, is holding
40% of the Cliq Digital AG shares.

The group reported equity as of June 30, 2012 of EUR 32.3 million, (the
equity ratio amounts to 42.7%, in relation to total assets). Furthermore,
it recognizes not to be fully aligned with its self imposed financial
covenants, caused primarily due to lowering its EBITDA guidance during the
summer. The company will strive for a balance between a prudent financial
framework and investments in our business. The cash position as of June 30
amounted to EUR 7.6 million.

Following the decision of the annual general meeting in August 2012, the
renaming of Bob Mobile AG into Cliq Digital AG is entered in the commercial
register since November 20, 2012. Likewise, the legal seat was transferred
from Straelen to Dusseldorf.

All figures have not been audited and have not undergone an audit review.

About Cliq Digital:
Cliq Digital AG – the former Bob Mobile AG – which is based in Dusseldorf,
Germany, is a leading provider of mobile entertainment with focus on games
(ISIN DE000A0HHJR3). As a marketer and publisher of games, apps and other
mobile value-added services, the Group is active in over 50 countries,
especially by way of its direct sales to end-customers. Cliq Digital has
been establishing its Freemium Mobile Games division since the end of 2011.
The company was founded as Bob Mobile AG in 2005, and listed on the stock
market. A decisive growth step was taken in 2012 with the acquisition of
Dutch company Cliq B.V. Cliq provided the basis of the name of the newly
positioned Group, which focuses on continuous and profitable growth through
expanding into new countries, extending its games portfolio, as well as
corporate acquisitions. The company is listed in the Entry Standard of the
Frankfurt Stock Exchange.

cometis AG
Ulrich Wiehle / Rolf Becker
Unter den Eichen 7
D-65195 Wiesbaden
Phone: +49 (0)611 20 58 55-40
Fax: +49 (0)611 20 58 55-66

© 2019 CLIQ Digital. All rights reserved.