2014

CLIQ Digital AG announces conversion of outstanding 2014/2017 convertible bond

  • 12/12/2014

 

Düsseldorf, 12 December 2014 – CLIQ Digital AG (ISIN DE000A0HHJR3, SCN A0HHJR), a leading provider of games, apps, software and entertainment content for mobile devices, has announced that the Management Board is exercising the company’s mandatory conversion right for the outstanding 2014/2017 convertible bond (ISIN: DE000A12UNG8, SCN: A12UNG) at a total amount of EUR 394,000. The mandatory conversion right arises from section 8 of the terms and conditions of the 2014/2017 convertible bond.

The conversion of the 2014/2017 convertible bond will further boost the company’s equity base and ratio following the cash capital increase in October, thereby improving its financial situation.

The 2014/2017 convertible bond is divided into 394 bearer bonds, each with a nominal amount of EUR 1,000. The conversion price per share is EUR 1.50. The conversion, which is to be implemented effective 29 December 2014, will increase the share capital of the company by partially utilising contingent capital from EUR 5,926,048, consisting of 5,926,048 bearer shares with a pro rata amount of capital of EUR 1.00 per share, to up to EUR 6,188,714, consisting of up to 6,188,714 bearer shares with a pro rata amount of capital of EUR 1.00 per share. The new shares will have dividend rights from 1 January 2014. They will be included in the existing listing of Cliq Digital AG shares on the open market (entry standard) of the Frankfurt Stock Exchange (ISIN: DE000A0HHJR3, SCN: A0HHJR) on delivery.

 

About CLIQ Digital:

Cliq Digital is a leading provider of games, apps, entertainment and software for PC’s, smartphones, feature phones and tablets. The core business of the company is the direct marketing of its products to end-customers via online- and mobile-marketing channels. CLIQ Digital offers its customers attractive products and is a valuable strategic business partner for developers, publishers and advertisers. The company, based in Dusseldorf and Amsterdam employs approximately 95 staff and is listed in the Entry Standard of the Frankfurt Stock Exchange (ISIN DE000A0HHJR3). Visit CLIQ on: www.cliqdigital.com.

Contact:

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Freihamer Strasse 2
D-82166 Graefelfing/Munich
Tel.: +49 (0)89 89 82 72 27
Fax: +49 (0)89 89 52 06 22
E-Mail: sh@crossalliance.de

CLIQ Digital AG publishes preliminary 9-months figures 2014 – Revenue growth continues in third quarter

  • 21/11/2014

CLIQ Digital AG publishes preliminary 9-months figures 2014 – Revenue growth continues in third quarter

– 3rd quarter of 2014 shows further improvement in revenues and earnings compared to the 2nd quarter of 2014

– Revenue increase in Q3 2014 to EUR 12.4 million (Q3 2013: EUR 11.9 million)

– EBITDA increases in the first 9 months of 2014 to EUR 8.5 million (9 months 2013: EUR 5.8 million)

– Further marketing activities planned to accelerate customer growth

Dusseldorf, 21 November 2014 – CLIQ Digital AG (ISIN DE000A0HHJR3, WKN A0HHJR), a leading provider of mobile games, apps, software and entertainment, reports the preliminary results for the first nine months of the 2014 financial year. Earnings before interests, taxes, depreciation and amortization (EBITDA) as a key performance indicator of the company increased to EUR 8.5 million (9 months 2013: EUR 5.8 million). In the third quarter, the company generated an EBITDA of EUR 3.4 million (Q3 2013: EUR 1.1 million).

Revenues of the CLIQ Digital group showed a further increase in the third quarter of 2014 compared to the previous two quarters and was with EUR 12.4 million for the first time this year above the previous year (Q3 2013: EUR 11.9 million). In the period January to September 2014, the company generated revenues of EUR 34.4 million (9 months 2013: EUR 42.4 million). Reduced marketing expenses in the second half of 2013 led to a temporary decline in revenues in the first half of 2014, which has now been stopped in the third quarter.

In the first nine months of the current fiscal year CLIQ Digital realised net earnings of EUR 0.9 million (9 months 2013: EUR 1.9 million / fiscal year 2013: EUR 1.1 million). Net earnings for the third quarter of 2014 amounted to EUR 0.3 million (Q3/2013: EUR 0.5 million). Cumulative earnings per share (EPS undiluted) for the first nine months of 2014 stood at EUR 0.21 (9 months 2013: EUR 0.46 / fiscal year 2013: EUR 0.25). Taking the October 2014 capital increase into account the EPS amounts to EUR 0.16.

Upon completion of the third quarter of 2014, CLIQ Digital AG successfully placed a capital increase and convertible bonds with total gross proceeds of approximately EUR 2.6 million. A significant part of the gross proceeds was used to reduce the company’s liabilities.

After the end of the third quarter of 2014 the Supervisory Board also agreed to a settlement agreement resulting in a repayment of the vendor loans and loans of existing shareholders.

Ben Bos, member of the Management Board of CLIQ Digital AG, comments on the current business development: “The fact that we were able to report further revenue growth and earnings in the traditionally weaker third quarter shows that our strategy is working. With the remaining proceeds from the capital measures, we will fund additional marketing activities to further accelerate our customer growth. I am convinced that after completion of the reorganization of our financing we can now return to sustainable growth. For this reason, I have increased my stake in CLIQ Digital AG in connection with the capital increase and on the market by a further 67,000 shares. ”

All figures in this Corporate News are unaudited. Changes in the accounting estimate were taken into consideration with the figures for the first 9 months of 2014, as announced with the preliminary results on 21 August 2014.

About CLIQ Digital:

Cliq Digital is a leading provider of games, apps, entertainment and software for PC’s, smartphones, feature phones and tablets. The core business of the company is the direct marketing of its products to end-customers via online- and mobile-marketing channels. CLIQ Digital offers its customers attractive products and is a valuable strategic business partner for developers, publishers and advertisers. The company, based in Dusseldorf and Amsterdam employs approximately 95 staff and is listed in the Entry Standard of the Frankfurt Stock Exchange (ISIN DE000A0HHJR3). Visit CLIQ on: www.cliqdigital.com.

Contact:

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Freihamer Strasse 2
D-82166 Graefelfing/Munich
Tel.: +49 (0)89 89 82 72 27
Fax: +49 (0)89 89 52 06 22
E-Mail: sh@crossalliance.de

Cliq Digital AG: SUCCESSFUL CAPITAL INCREASE AND ISSUANCE OF CONVERTIBLE BOND

  • 05/11/2014

CLIQ Digital AG: SUCCESSFUL CAPITAL INCREASE AND ISSUANCE OF CONVERTIBLE
BOND

– Capital increase fully subscribed, convertible bond subscribed for in
the amount of EUR 394,000

– Placement of both instruments ensures gross proceeds of approximately
EUR 2.6 million

Düsseldorf, 4 November 2014 – CLIQ Digital AG (ISIN DE000A0HHJR3, WKN
A0HHJR), a leading provider of mobile games, apps, software and
entertainment, has determined the number of shares to be issued from the
capital increase against cash contribution and the final terms of the
convertible bond, both initially resolved on 14 October 2014.

The Company’s registered share capital will be increased from EUR
4,445,699.00 by EUR 1,480,349.00 to EUR 5,926,048.00 through the issue of
1,480,349 new no par value bearer shares, each with a notional value of EUR
1.00 per share. The new shares were fully subscribed by new investors in a
private placement and by existing shareholders of the Company in the rights
offering for EUR 1.50 per share. The new shares carry full dividend rights
from 1 January 2014. The new CLIQ Digital AG shares are expected to be
included in the existing listing on the entry standard sub-segment of the
Frankfurt Stock Exchange on 6 November 2014. The transaction was
accompanied by Baader Bank AG, Unterschleißheim.

The convertible bond amounts to EUR 394,000 and is divided into 394 notes
in bearer form with a nominal amount of EUR 1,000 each and matures on 5
November 2017. The notes are offered at 100% of their nominal amount and
with an annual coupon of 6.5 %. The conversion price is EUR 1.50 per share.
The notes are convertible into 262,666 new or existing no par value bearer
shares of CLIQ Digital AG, each with a notional value of the Company’s
share capital of EUR 1.00 per share. Noteholders have the right to exercise
their conversion right from 6 November 2014 until the maturity date. CLIQ
Digital AG has the right to enforce the conversion from 12 December 2014
on.

The total gross proceeds from the capital increase and the convertible bond
are approximately EUR 2.6 million.

Ben Bos, Management Board of CLIQ Digital, comments on the successful
placement: “The interest shown by investors indicates that, after having
finalised the financial restructuring, we are on the right track. And with
the extra funds available for marketing we are able to operationally act
more aggressively and implement our growth strategy consequently.”

About CLIQ Digital:
CLIQ Digital AG (ISIN DE000A0HHJR3), based in Dusseldorf, Germany, is a
leading provider of mobile games, apps, entertainment and software for
smartphones, feature phones and tablets. The core business of the company
is the direct marketing of its products to end-customers via Internet and
mobile Internet in multiple countries. The company was founded as Bob
Mobile AG in 2005. A decisive growth step was taken in 2012 with the
acquisition of Dutch company CLIQ B.V., which provided the name of the
newly positioned Group. The company is listed in the Entry Standard of the
Frankfurt Stock Exchange. Visit CLIQ on: www.cliqdigital.com.

Contact:

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Freihamer Strasse 2
D-82166 Gräfelfing/Munich
Phone.: +49 (0)89 89 82 72 27
Fax: +49 (0)89 89 52 06 22
E-Mail: sh@crossalliance.de

CLIQ Digital AG launches rights offerings of new shares and convertible bond

  • 15/10/2014

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

– CLIQ Digital AG to issue up to 1,480,349 shares at EUR 1.50 per share in capital increase with subscription rights at a subscription ratio of 3:1

– CLIQ Digital AG to issue a convertible bond with a total nominal value of up to EUR 2.4 million with an annual coupon of 6,5 % maturing on 5 November 2017

– The subscription period for the new shares and convertible bonds is expected to run from October 17 to October 30, 2014

Dusseldorf, October 15, 2014 – CLIQ Digital AG (ISIN ISIN DEA0HHJR3, WKN A0HHJR ), a leading provider of mobile games, apps, software and entertainment, has decided on 14 October 2014, with the approval of the Supervisory Board, to issue up to 1,480,349 new shares with subscription rights for the shareholders at EUR 1.50 per share and to issue a convertible bond of up to EUR 2.4 million with subscription rights for the shareholders.

Capital increase: CLIQ Digital intends to increase the Company’s registered share capital by cash contributions from EUR 4,445,699.00 by up to EUR 1,480,349.00 to up to EUR 5,926,048.00 through the issue of up to 1,480,349 new no par value bearer shares, each with a notional value of the Company’s share capital of EUR 1.00 per share, with subscription rights for existing shareholders. The new shares carry full dividend rights from 1 January , 2014. Baader Bank AG, Unterschleißheim, commits to offer the New Shares for sale to the existing shareholders of the Company at a subscription ratio of 3:1. That is three old shares entitling the shareholder to subscribe for one new share. The subscription price is EUR 1.50 per share.

Convertible bond: Furthermore, CLIQ Digital AG decided to launch the offering of a convertible bond up to EUR 2.4 million with subscription rights for existing shareholders, maturing on 5 November 2017. The convertible bond is divided into 2,400 notes in bearer form in a nominal amount of EUR 1,000.00. The notes will be offered at 100 % of their nominal amount and with an annual coupon of 6.5 %. The conversion price is EUR 1.50 per share. At the present conversion ratio, the notes are convertible into 1.6 million new or existing no par value bearer shares CLIQ Digital AG, each with a notional value of the Company’s share capital of EUR 1.00 per share. Noteholders have the right to exercise their conversion right from 6 November 2014 until the maturity date. The terms and conditions of the convertible bond provide for a mandatory conversion right of the issuer, i.e. CLIQ Digital AG has the right to enforce the conversion as of 12 December 2014. Baader Bank AG, Unterschleißheim, commits to offer the notes for sale to the existing shareholders of the Company at a subscription ratio of 1,850:1,000. This means each shareholder has the right to acquire one note in the nominal amount of EUR 1,000 for 1,850 shares in the Company.

Shareholders may subscribe to the new shares and to the bonds during the subscription period, which is expected to begin on 17 October 2014 at 00:00 midnight CEST and end on 30 October 2014 at 24:00 midnight CEST. There will be no organized trading in subscription rights.

All new shares and notes of the convertible bond that are not subscribed for by existing shareholders shall be placed through an accelerated bookbuilding process with German and international investors in a private placement.

For further details of the capital increase and the bond offering please see the prospectus, which will be published after approval by the German Federal Agency for Financial Services Supervision (BaFin) and prior to the start of the subscription period presumably on 16 October 2014, and the subscription offers planned to be published in the Federal Gazette on the same date. Both documents will be available on the CLIQ Digital AG website (www.cliqdigital.com).

Of the net proceeds in the amount of approximately EUR 4.0 million from the capital increase and the convertible bond, up to EUR 3.5 million shall be used for reducing CLIQ Digital’s current and non-current debt. Up to EUR 0.5 million of the proceeds shall be used to finance marketing activities in order to accelerate the growth of the installed customer base. The remaining proceeds from the capital increase will be used for general financing purposes.

About CLIQ Digital:
CLIQ Digital AG (ISIN DE000A0HHJR3), based in Dusseldorf, Germany, is a leading provider of mobile games, apps, entertainment and software for smartphones, feature phones and tablets. The core business of the company is the direct marketing of its products to end-customers via Internet and mobile Internet in multiple countries. The company was founded as Bob Mobile AG in 2005. A decisive growth step was taken in 2012 with the acquisition of Dutch company CLIQ B.V., which provided the name of the newly positioned Group. The company is listed in the Entry Standard of the Frankfurt Stock Exchange. Visit CLIQ on: www.cliqdigital.com.

Note:

The information contained herein serves information purposes only and does not constitute a prospectus or any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities of CLIQ Digital AG. The offer is being made solely by means of, and on the basis of, the prospectus approved and published presumably on 14 October 2014 (including any amendments thereto, if any). An investment decision regarding the publicly offered securities of CLIQ Digital AG should only be made on the basis of the prospectus. The prospectus is available free of charge from CLIQ Digital AG (Immermannstr. 13, 40210 Düsseldorf) and on the website of CLIQ Digital AG under www.cliqdigital.com.

This release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The securities described herein will not be registered under the Securities Act.

The information contained in this release may not be issued or distributed in or into and does not constitute an offer to sell nor a solicitation of an offer to buy securities in the United States of America, Canada, Australia or Japan or any other jurisdiction in which the distribution of release would be unlawful.

Contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Freihamer Strasse 2
D-82166 Gräfelfing/Munich
Phone: +49 (0)89 89 82 72 27
Fax: +49 (0)89 89 52 06 22
E-mail: sh@crossalliance.de

CLIQ Digital AG announces final results for the first six month of 2014 and releases half-year report

  • 29/09/2014

 

– Revenues in the first half-year reached EUR 22.0 million ( H1/2013: EUR

30.5 million)

– Second quarter revenues at EUR 12.1 million, plus 22%

quarter-on-quarter (Q1/2014: EUR 9.9 million)

– EBITDA increased to EUR 5.0 million in the first half year 2014

(H1/2013: EUR 4.7 million)

 

Dusseldorf, September 29, 2014 – CLIQ Digital AG (ISIN DE000A0HHJR3, WKN

A0HHJR), a leading provider of mobile games, apps, software and

entertainment, announces its final results for the first six months of the

2014 financial year. Revenues recovered during the second quarter in

comparison to the first three months 2014, positively affected by higher

first quarter marketing spending. Second quarter revenues came in at EUR

12.1 million, an increase of 22% quarter-on-quarter (Q1/2014: EUR 9.9

million). Therefore revenues reached EUR 22.0 million in the first half

year 2014, compared to EUR 30.5 million in the same period of 2013. The

decline in H1/2014 compared to H1/2013 revenues is mainly due to lower

marketing spending in the second half of 2013.

 

EBITDA (earnings before interests, taxes, depreciation and amortization) as

a key performance indicator of the company increased (taking into

consideration the change in accounting estimate as announced with the

preliminary results on 21 August 2014) to EUR 5.0 million in the first half

2014 (H1/2013: EUR 4.7 million). Net earnings amounted to EUR 0.6 million

in H1/2014 (H1/2013: EUR 1.4 million).

 

The full interim report for the first six months of 2014 can be downloaded

in English at http://www.cliqdigital.com/front-IR/annual-reports/

 

About CLIQ Digital:

 

CLIQ Digital AG (ISIN DE000A0HHJR3), based in Dusseldorf, Germany, is a

leading provider of mobile games, apps, entertainment and software for

smartphones, feature phones and tablets. The core business of the company

is the direct marketing of its products to end-customers via Internet and

mobile Internet in multiple countries. The company was founded as Bob

Mobile AG in 2005. A decisive growth step was taken in 2012 with the

acquisition of Dutch company CLIQ B.V., which provided the name of the

newly positioned Group. The company is listed in the Entry Standard of the

Frankfurt Stock Exchange. Visit CLIQ on: www.cliqdigital.com.

 

Contact:

 

CROSS ALLIANCE communication GmbH

Susan Hoffmeister

Freihamer Strasse 2

D-82166 Gräfelfing/Munich

Phone: +49 (0)89 89 82 72 27

Fax: +49 (0)89 89 52 06 22

E-mail:sh@crossalliance.de

Cliq Digital AG reports preliminary figures for the first six months of 2014

  • 21/08/2014

* H1/2014 revenues of EUR 22.0 million (H1/2013: EUR 30.5 million)
* Q2/2014 revenues up 22% against Q1/2014 to EUR 12.1 million
* H1/2014 EBITDA of EUR 5.1 million (H1/2013: EUR 4.7 million)
* Net earnings of EUR 0.6 million (H1/2013: EUR 1.4 million)

Dusseldorf, August 21, 2014 – Cliq Digital AG, a leading provider of mobile games, apps, software and entertainment, reports the preliminary results for the first six months of the 2014 financial year. EBITDA (earnings before interests, taxes, depreciation and amortization) as a key performance indicator of the company increased to EUR 5.1 million in the first half 2014 (H1/2013: EUR 4.7 million).

Net earnings amounted to EUR 0.6 million in H1/2014 (H1/2013: EUR 1.4 million). Second quarter earnings (Q2/2014: EUR 0.5 million) showed a strong improvement in comparison to the first three months (Q1/2014: EUR 0.1 million), driven by the higher revenues and also lowered overhead costs.

Revenues recovered during the second quarter in comparison to the first three months 2014, positively affected by higher first quarter marketing spending. Second quarter revenues came in at EUR 12.1 million, an increase of 22% quarter-on-quarter (Q1/2014: EUR 9.9 million). Therefore revenues reached EUR 22.0 million in the first half year 2014, compared to EUR 30.5 million in the same period of 2013. The decline in H1/2014 revenues is mainly due to lower marketing spending in the second half of 2013. Management continues to be relatively optimistic for the full year 2014 and to reach its objectives with regards to stable EBITDA level in comparison to last year (taking into consideration the change in accounting estimate described below).

Change in accounting estimate

Due to a significant improvement and harmonization in Cliq Digital’s Business Intelligence (BI) system, which was accomplished this year, the Group is in a position to precisely determine the useful life of a customer acquired from its marketing partners. As a consequence, the costs for the acquisition of its customers qualify as an intangible asset under IAS 38. The costs for customer acquisition have been accounted for as intangible assets and are depreciated over the customer’s life-cycle, usually between 12 and 24 months. Therefore amortization of intangible assets has also risen significantly. Net Intangibles for this specific customer acquisition amounted to approx. EUR 3.3 million for the six months ended June 30, 2014.

The half-year financial statements and the interim management report 2014 will be published at the end of September 2014 and will be available on www.cliqdigital.com.

 

About CLIQ Digital:

CLIQ Digital AG (ISIN DE000A0HHJR3), based in Dusseldorf, Germany, is a leading provider of mobile games, apps, entertainment and software for smartphones, feature phones and tablets. The core business of the company is the direct marketing of its products to end-customers via Internet and mobile Internet in multiple countries. The company was founded as Bob Mobile AG in 2005. A decisive growth step was taken in 2012 with the acquisition of Dutch company CLIQ B.V., which provided the name of the newly positioned Group. The company is listed in the Entry Standard of the Frankfurt Stock Exchange. Visit CLIQ on: www.cliqdigital.com

 

Contact:

cometis AG
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
E-mail: becker@cometis.de

Cliq Digital AG publishes Annual Report 2013

  • 17/06/2014

* EBITDA of EUR 6.0 million, net earnings of EUR 1.0 million
* Final results burdened by additional provisions for legacy issues, as already announced earlier, of about EUR 1.0 million
* Guidance 2014 with expected growth in revenues

Dusseldorf, June 17, 2014 – Cliq Digital AG, a leading provider of mobile games, apps, software and entertainment, today publishes its Annual Report 2013 with the final audited consolidated financial statements according to IFRS. Accordingly, gross revenues amounted to EUR 51.8 million (2012: EUR 66.2 milion), EBITDA (earnings before interests, taxes, depreciation and amortization) came in at EUR 6.0 million (2012: EUR 8.5 million), EBIT (earnings before interests and taxes) stood at EUR 2.0 million (2012: EUR -1.8 million). Net earnings increased to EUR 1.0 million (2012: EUR -3.6 million).

The deviation of the final results from the reported preliminary figures is due to provisions for legacy issues, which have been included in the annual financial statements 2013. A provision for the estimated risk for the tax audit and a fine from the Greek telecom regulators (Bob Mobile 2007-2011) have been taken into account. Both issues were announced in the publication of the preliminary figures on April 3, 2014, as a potential burden of the 2013 results and have a final impact of about EUR 1.0 million on the final results 2013.

Outlook 2014

The reorganization of the financing, including a lower monthly redemption on the term loan and a notable reduction of the administrative expenses, have increased the available funds for marketing. By increasing its marketing spend, CLIQ expects to increase the number of sales in 2014 financial year. As a result the company expects a double-digit growth in revenues. The higher marketing investments will result in EBITDA only growing in the next year.

The Annual Report 2013 is available for download at www.cliqdigital.com in the course of the day.

CLIQ Digital AG (ISIN DE000A0HHJR3), based in Dusseldorf, Germany, is a leading provider of mobile games, apps, software and entertainment content. CLIQ Digital markets content in over 50 countries, especially by way of its direct sales to end customers. The company was founded as Bob Mobile AG in 2005. A decisive growth step was taken in 2012 with the acquisition of Dutch company CLIQ B.V., which provided the name of the newly positioned Group. The company is listed in the Entry Standard of the Frankfurt Stock Exchange. Visit CLIQ on: www.cliqdigital.com

Contact:
cometis AG
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
E-mail: becker@cometis.de

Cliq Digital AG reports results for 1st quarter of 2014 financial year

  • 21/05/2014

– Q1 revenues of EUR 9.9 million
– Q1 EBITDA of EUR 397k, positive net earnings of EUR 124k
– Successful reorganization of financing
– Subscriptions increased by 30% in Q1 2014 compared to Q4 2013

Dusseldorf, May 21, 2014 – Cliq Digital AG, a leading provider of mobile games, apps, software and entertainment, reports its financial figures for the first quarter of 2014 financial year. Group revenues amounted to EUR 9.9 million (Q1 2013: EUR 14.6 million). Overhead is further reduced by 20% (Q1 2013: EUR 2.5 million vs. Q1 2014: EUR 2.0 million). EBITDA (earnings before interests, taxes, depreciation and amortization) reached EUR 397k (Q1 2013: EUR 2.5 million). Net earnings came in at EUR 124k (Q1 2013: EUR 674k).

First quarter 2014 showed a strong upward trend in marketing spend in comparison to previous fourth quarter 2013. To normalize this effect the company decided to change the accounting policy on how to account for marketing spend. By this, the marketing costs are more aligned with the future revenue. Due to the stronger marketing spend, subscriptions increased by about 30% to 1.3 million (Q4 2013: 1.0 million).

The new financing agreement with Commerzbank was concluded at the End of March. With effect from April 2014 onwards, monthly redemption for the term loan has been lowered from EUR 750,000 to EUR 187,500. The company realized a one time positive effect on its financing structure (bank debt) of EUR 0.5 million after deduction of costs related to the new financing agreement.

All figures within this Corporate News are unaudited.

About CLIQ Digital:

CLIQ Digital AG (ISIN DE000A0HHJR3), based in Dusseldorf, Germany, is a leading provider of mobile games, apps, software and entertainment content. CLIQ Digital markets content in over 50 countries, especially by way of its direct sales to end customers. The company was founded as Bob Mobile AG in 2005. A decisive growth step was taken in 2012 with the acquisition of Dutch company CLIQ B.V., which provided the name of the newly positioned Group. The company is listed in the Entry Standard of the Frankfurt Stock Exchange. Visit CLIQ on: www.cliqdigital.com
Contact:

cometis AG
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
E-mail: becker@cometis.de

Cliq Digital AG releases preliminary figures for 2013 financial year

  • 03/04/2014

– Revenues of EUR 51 million and EBITDA of EUR 6.8 million

– Net income turned positive to EUR 2.0 million, before possible legacy issues

– Successful reorganization of financing in first Quarter 2014

Dusseldorf, April 3, 2014 – Cliq Digital AG, a leading provider of mobile games, apps, software and entertainment, announces its preliminary figures for the 2013 financial year. The EBITDA (earnings before interest, taxes, depreciation and amortization) as the main performance indicator is expected at EUR 6.8 million (2012: EUR 8.5 million). Full year revenues will amount to EUR 51 million (2012: EUR 66.2 million).

Marketing activities were reduced due to less organic growth. Furthermore revenues were hit by new regulations or disruption in some countries (UK, Singapore and Spain), and not being able to enter the US market due to new regulations. Additionally the divestment of the online browser games division caused a reduction in revenue of EUR 2.7 million. Low financial flexibility because of the repayment obligations of the term loan with ABN AMRO caused further delays in the organic as well as non-organic growth of the company and lead to reduced marketing activities.

In 2013 financial year net income turned positive to EUR 2.0 million (2012: net loss of EUR 3.6 million). These results were slightly below the adjusted guidance with re-forecasted revenues of EUR 53 million and a net income of EUR 2.3 million. This was mainly caused by the above mentioned limited funds for marketing.

Currently a general tax audit is conducted by the German tax auditors regarding the business years 2007 to 2011 (former Bob Mobile AG and its subsidiaries). A possible additional provision has to be made on a Greek fine out of 2011, related to a former subsidiary in Greece. Both outcomes are not yet foreseeable, but can still have a substantial extraordinary effect on the above mentioned net results for 2013. We foresee the organization can leave this legacy behind and concentrate on the future once these issues are finally cleared.

New financing agreement

During the first quarter of 2014 Cliq Digital reorganized its financing resulting in an agreement with Commerzbank replacing ABN AMRO Bank as new house bank. The term loan and the credit facility of ABN AMRO have been fully repaid by new financing of Commerzbank. In this context monthly redemption has been lowered from EUR 750,000 (ABN AMRO) to EUR 187,500 with Commerzbank.

All figures within this Corporate News regarding to 2013 financial year are unaudited.

About CLIQ Digital:

CLIQ Digital AG (ISIN DE000A0HHJR3), based in Dusseldorf, Germany, is a leading provider of mobile games, apps, software and entertainment content. CLIQ Digital markets content in over 50 countries, especially by way of its direct sales to end customers. The company was founded as Bob Mobile AG in 2005. A decisive growth step was taken in 2012 with the acquisition of Dutch company CLIQ B.V., which provided the name of the newly positioned Group. The company is listed in the Entry Standard of the Frankfurt Stock Exchange. Visit CLIQ on: www.cliqdigital.com

Contact:

cometis AG
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
E-mail: becker@cometis.de

Publication of preliminary figures 2013 in March

  • 25/02/2014

– Preliminary figures 2013 will be published mid March 2014

– Term loan further reduced to EUR 6.75 million as of December 31, 2013

Düsseldorf, February 25, 2014 – Cliq Digital AG, a leading provider of mobile games, apps, software and entertainment, will publish the preliminary figures for the 2013 financial year mid March, 2014.

Furthermore Cliq Digital AG is currently re-negotiating its debt financing structure, which primarily resulted from the takeover of Cliq B.V. As planned this debt has been significantly reduced to EUR 6.75 million at the end of 2013 financial year.

About CLIQ Digital:
CLIQ Digital AG (ISIN DE000A0HHJR3), based in Dusseldorf, Germany, is a leading provider of mobile games, apps, software and entertainment content. CLIQ Digital markets content in over 50 countries, especially by way of its direct sales to end customers. The company was founded as Bob Mobile AG in 2005. A decisive growth step was taken in 2012 with the acquisition of Dutch company CLIQ B.V., which provided the name of the newly positioned Group. The company is listed in the Entry Standard of the Frankfurt Stock Exchange. Visit CLIQ on: www.cliqdigital.com

Contact:
cometis AG
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
E-mail: becker@cometis.de

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