2015

CLIQ Digital AG announces 9-months figures 2015 – EBITDA and net earnings in the first 9-months already exceed results of the 2014 financial year

  • 19/11/2015

– Revenue climbs 20% to EUR 41.4 million (9 months 2014: EUR 34.4 million)
– Significant increase in marketing expenditure in third quarter 2015
– EBITDA increases by 64% to EUR 13.9 million (9 months 2014: EUR 8.5 million)
– Full-year revenue guidance of double-digit percentage growth confirmed

Düsseldorf, 19 November 2015 – CLIQ Digital AG (ISIN DE000A0HHJR3, SCN A0HHJR), a leading provider of games, apps, entertainment and software for smartphones, feature phones, tablets and desktops, reports the results for the first nine months of the 2015 financial year. The company increased its marketing expenditure significantly in the third quarter 2015 which lays the foundation for a strong year-end business.

Development in revenue
Revenues of the CLIQ Digital group showed an increase to EUR 41.4 million in the first 9 months of 2015 compared to the EUR 34.4 million in the prior year period. The 20% growth in revenue results largely from increased marketing expenditure in the period under review, although revenue in Q3/2015 came in at EUR 12.0 million and was therefore slightly lower than in the prior year period (Q3/2014: EUR 12.4 million). Marketing expenditure amounted to EUR 11.6 million in the period January to September 2015 compared to EUR 9.3 million in the same period of the previous year. Marketing expenditure in the third quarter of 2015 grew to EUR 4.0 million, an increase of 50% compared to the same period last year (Q3/2014: EUR 2.6 million).

Development of earnings
Earnings before interest, taxes, depreciation and amortization (EBITDA) increased significantly in the first 9 months of the current financial year, due to the increase in revenue, to EUR 13.9 million in (9 months 2014: EUR 8.5 million), an increase of 63% compared to previous year. EBITDA for the third quarter of 2015 increased to EUR 4.3 million (Q3/2014: EUR 3.4 million).
In the period January to September 2015 CLIQ Digital realised net earnings of EUR 1.2 million (9 months 2014: EUR 0.9 million). Net earnings for the third quarter of 2015 amounted to EUR 0.3 million (Q3/2014: EUR 0.3 million). Cumulative earnings per share (EPS undiluted) for the first nine months of 2015 stood at EUR 0.19.

Development of KPI’s
ARPU (the average net revenue per user in the first 6 months) exceeded expectations, increasing from EUR 5.91 in the 2014 financial year to EUR 10.32 in the first 9 months of 2015. CPA (the cost per acquisition) registered also an increase to EUR 7.49 in the first 9 months of 2015 compared to EUR 4.37 in the 2014 financial year. The ratio of ARPU to CPA, one of the most determining factors for the profitability of the new acquired customer, improved from 1.35 in the full year 2014 to 1.38 during the first 9 months of 2015. In the first nine month of 2015 the customer base value, an important figure for estimating expected cash inflow on the basis of the current customer base, increased from EUR 15.0 million as of December 31, 2014 to EUR 15.6 million as of September 30, 2015.

Outlook 2015
Upon completion of the third quarter of 2015, CLIQ Digital AG announced the renewal of its financing agreement with Commerzbank. The renewed loan agreement combined with a new overdraft facility at attractive conditions gives the company the financial flexibility to follow its growth strategy.
The Management Board of CLIQ Digital AG comments on the current business development: “The figures in the first 9 months of the current financial year show that CLIQ Digital is on the right path to further expand its customer acquisition. We expect the fourth quarter, which is traditionally the strongest, to give us another boost”. Therefore, Management confirms its guidance for 2015 and expects a clear double digit growth in revenue.

The 9-months figures have not been audited.

 

About CLIQ Digital:

CLIQ Digital is a leading provider of games, apps, entertainment and software for smartphones, feature phones, tablets and desktops. The core business of the Group 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 Group, based in Dusseldorf employs approximately 85 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 announces renewal of its financing agreement with Commerzbank

  • 15/10/2015

Düsseldorf, 15 October 2015 – CLIQ Digital AG (ISIN DE000A0HHJR3, SCN A0HHJR), a leading provider of games, apps, entertainment and software for smartphones, feature phones, tablets and desktops, renewed its financing with Commerzbank AG.

The renewed loan agreement will replace the two existing loans with Commerzbank, which will end in February 2016 with a final bullet payment of EUR 3 million. This bullet payment will be converted into a new loan agreement with an amount of EUR 3 million and an interest rate of 3.3% and includes a monthly redemption of EUR 300k, starting in March 2016 until December 2016. The contract will be signed in its definitive form not later than December 2015.

The new overdraft facility has an overdraft limit of up to EUR 13 million, an interest rate between 2.1% (plus Euribor) and 3.3% (plus Euribor) and a term running until 28 February 2018. The new overdraft facility was signed and came into effect on 30 September 2015.

 

About CLIQ Digital:

CLIQ Digital is a leading provider of games, apps, entertainment and software for smartphones, feature phones, tablets and desktops. The core business of the Group 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 Group, based in Dusseldorf employs approximately 85 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: Strong first half of the year lays basis for successful 2015 financial year

  • 10/08/2015

– Revenue climbs 33.5 % in the first half of 2015 to EUR 29.3 million (H1 2014: EUR 22.0 million)
– EBITDA increases at a faster rate to EUR 9.6 million (H1 2014: EUR 5.0 million)
– Forecast for 2015 confirmed: double-digit percentage growth in revenue compared to previous year

 

Düsseldorf, August 10, 2015 – CLIQ Digital AG (ISIN DE000A0HHJR3, WKN A0HHJR), a leading provider of games, apps, entertainment and software for smartphones, feature phones, tablets and desktops, has today announced its financial figures for the first half of 2015. The company’s increased marketing expenditure has resulted in significant growth in revenue and earnings compared to the first half of 2014.

 

Development in revenue

In the period under review, CLIQ Digital AG generated revenue of EUR 29.3 million compared to EUR 22.0 million in the first half of 2014. This 33.5 % growth in revenue results largely from increased marketing expenditure in the first months of 2015, although revenue in Q2 2015 came in at EUR 11.3 million and was therefore lower than in the prior year period (Q2 2014: EUR 12.1 million). Marketing expenditure in the first half of 2015 amounted to EUR 7.7 million compared to EUR 6.7 million in the same period of the previous year.

 

Development of earnings

Earnings before interest, taxes, depreciation and amortization (EBITDA) improved in the first six months of the current financial year due to the increase in revenue to EUR 9.6 million in (H1 2014: EUR 5.0 million).

Depreciations, amortization and impairment charges increased from EUR 4.2 million in H1 2014 to EUR 7.7 million in H1 2015. Most of the increase is caused by the increased amortization on the customer acquisition costs. These costs are being capitalized since January 1, 2014.

Because of the tax-rate mix of the different countries in the CLIQ Digital Group, the effective tax-rate in H1 2015 was 37%, compared to 33% in H1 2014.

In the first half of 2015 net profit increased to EUR 0.93 million (H1 2014: EUR 0.62 million).

 

Development of KPI’s

ARPU (the average net revenue per user in the first six months) developed positively in the first six months, increasing from EUR 5.91 in the 2014 financial year to EUR 9.32 and thus considerably exceeding expectations. CPA (the cost per acquisition) registered also an increase to EUR 6.80 in the first half of 2015 compared to EUR 4.37 in the 2014 financial year. The ratio of ARPU to CPA, one of the most determining factors for the profitability of the new acquired customer, improved from 1.35 in the full year 2014 to 1.37 during the first half of 2015. In the first half of 2015 the customer base value, an important figure for estimating expected cash inflow on the basis of the current customer base, increased from EUR 15.0 million as of December 31, 2014 to EUR 15.5 million as of June 30, 2015.

 

Outlook for 2015

The CLIQ Digital Group has raised its marketing expenditure in the first half of 2015 and will continue intensifying its marketing activities over the remaining course of the year. For the 2015 financial year, the Management Board continues to expect a double-digit growth in revenue compared to the previous year.

In April 2015, CLIQ Digital AG informed its shareholders that the Mexican mobile service provider Telcel had removed the service provider used by CLIQ Digital from its network. It was therefore not possible to provide services to the network operator’s customers in the second quarter of 2015. The Management Board is trying to resolve the situation by looking at alternative sales opportunities to minimise the financial impact.

To further increase the transparency and to strengthen the confidence of the shareholders in the CLIQ Digital AG, the Management Board has decided to bring forward the publication of the half-year report to August 10, 2015 (originally scheduled for release on August 20, 2015).

The half-year figures have not been audited. The complete half-year report 2015 of the CLIQ Digital AG is now available in English for download under http://www.cliqdigital.com/front-IR/annual-reports/.

 

About CLIQ Digital:

CLIQ Digital is a leading provider of games, apps, entertainment and software for smartphones, feature phones, tablets and desktops. The core business of the Group 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 Group, based in Dusseldorf employs approximately 85 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 Gräfelfing/München
Tel.: +49 (0)89 89 82 72 27
Fax: +49 (0)89 89 52 06 22
E-Mail: sh@crossalliance.de

CLIQ Digital AG: Positive outlook at 2015 Annual General Meeting

  • 01/06/2015

 

Düsseldorf, 1 June 2015 –The Annual General Meeting of Entry Standard listed CLIQ Digital AG (ISIN DE000A0HHJR3, WKN A0HHJR) was held in Düsseldorf on 29 May 2015. 71.24 percent of CLIQ Digital AG’s statutory nominal capital attended the shareholder meeting.

Following a constructive shareholder debate, the following resolutions proposed by the management were approved with a large majority: The shareholders approved the actions of the executive board and the board of management and elected MAZARS GmbH Wirtschaftsprüfungsgesellschaft, Düsseldorf as auditors and group auditors for the fiscal year 2015th.

The Annual General Meeting also re-elected the Supervisory Board of CLIQ Digital AG. The Supervisory Board of CLIQ Digital AG is thus made up of the following three members: Dr Mathias Schlichting, LL.M. (Chairman), Cornelius van der Streenstraten and Karel Gustaaf Tempelaar.

The Annual General Meeting did not approve the management’s proposal of cancelling the existing authorised capital and creating new authorised capital and the proposal of cancelling an existing authorisation and granting a new authorisation to issue convertible bonds and bonds with warrants with the corresponding amendment to articles of association.

CLIQ Digital AG, a leading provider of games, apps, software and entertainment for smartphones, tablets and desktops, is optimistic about the future after a strong first quarter of 2015. In their speeches at the Annual General Meeting Management Board members Luc Voncken and Ben Bos discussed the operating performance and strategy and confirmed their forecast of double-digit percentage growth in revenue in 2015 compared to the previous year. The corporate strategy centres on further expanding the company’s global presence and tapping new markets, concentrating on digital premium products for mobile devices, and focussing on Direct Response Marketing.

Further information on the 2015 Annual General Meeting along with the detailed voting results is available at www.cliqdigital.com/front-IR/hauptversammlung-2015.

 

About CLIQ Digital:

CLIQ Digital is a leading provider of games, apps, entertainment and software for smartphones, feature phones, tablets and desktops. 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 employs approximately 81 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: significant growth in revenue and earnings in the first quarter of 2015

  • 21/05/2015

– Revenue rises considerably to EUR 18.0 million (Q1 2014: EUR 9.9 million/Q4 2014: EUR 12.9 million)
– EBITDA improves to EUR 5.9 million (Q1 2014: EUR 0.4 million/Q4 2014: EUR 3.1 million)
– Forecast for 2015 confirmed: double-digit percentage growth in revenue compared to previous year

Düsseldorf, 21 May 2015 – CLIQ Digital AG (ISIN DE000A0HHJR3, WKN A0HHJR), a leading provider of games, apps, software and entertainment for smartphones, tablets and desktops, has today announced its financial figures for the first quarter of 2015. The company’s increased marketing spend has resulted in significant growth in revenue and earnings compared to the comparable quarters of the previous year.

Development in revenue
In the period under review, CLIQ Digital AG generated revenue of EUR 18.0 million compared to EUR 9.9 million in the same period of the previous year. This corresponds to a rise of around 82% against the first quarter of 2014 and of around 40% compared to the fourth quarter of 2014 (EUR 12.9 million). This growth in revenue largely results from increased marketing spend in the last quarter of 2014 and the first quarter of 2015. Marketing spend in the reporting period amounted to EUR 4.7 million compared to EUR 3.3 million in the same period of the previous year. In the first quarter of 2015, marketing spend rose by around 9% compared to the fourth quarter of 2014.

Development of earnings
In the period under review, EBITDA amounted to EUR 5.9 million (Q1 2014: EUR 0.4 million/Q4 2014: EUR 3.1 million). Net profit in the first three months of the current financial year amounted to EUR 0.6 million (Q1 2014: EUR 0.1 million/Q4 2014: EUR 0.1 million).

Following a change in accounting estimates in 2014, the marketing costs for customer acquisition have been accounted for as an intangible asset and amortised over the customer’s revenue lifecycle. As a side effect, marketing spend is better assigned, in terms of timing, to the revenue that results from it. For this reason, a comparison of EBITDA and net profit with the same quarter of the previous year (Q1 2014) is only partially informative.

In April 2015, CLIQ Digital AG informed its shareholders that the Mexican mobile service provider Telcel had disconnected the technical service provider used by CLIQ Digital from its network. It is therefore not possible to provide services to the network operator’s customers at present. In order to come to a clarification of the situation the Management Board is also making use of their rights to audit the books of the technical service provider. An impairment loss was expensed for the intangible asset “customer acquisition” accordingly by the company in the quarterly financial statements to 31 March 2015 in order to take account of this situation. This had a negative effect of EUR 0.4 million on the net result for the first quarter of 2015.

Outlook for 2015
The CLIQ Digital Group has raised its marketing spend considerably in the first quarter. CLIQ Digital AG will intensify its marketing activities further in the current financial year, although due to the unsettled situation in Mexico, this will not result in an increase in revenue in the second quarter. Nevertheless, the Management Board confirms its forecast for the 2015 financial year. Driven by a double-digit rise in sales, CLIQ Digital anticipates double-digit percentage growth in revenue compared to the previous year.

 

About CLIQ Digital:

CLIQ Digital is a leading provider of games, apps, entertainment and software for smartphones, feature phones, tablets and desktops. 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 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 Gräfelfing/München
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 audited consolidated figures for 2014

  • 21/04/2015
  • – Total annual revenue at EUR 47.3 million (previous year: EUR 51.8 million)
  • – EBITDA increased by 91.7 percent to EUR 11.5 million (previous year: EUR 6.0 million)
  • – Forecast 2015: double-digit increase in sales and double-digit growth in revenue expected

 

Düsseldorf, April 21, 2015 – Die CLIQ Digital AG (ISIN DE000A0HHJR3, WKN A0HHJR), a leading provider of games, apps, software and entertainment for smartphones, tablets and desktops, has today announced its audited consolidated financial results for the fiscal year 2014.

Development in revenue

In 2014, the company generated revenue of EUR 47.3 million (previous year: EUR 51.8 million). Lower marketing spend in the final quarter of 2013 led to a temporary decline in revenue in the first half of 2014. An increase in marketing spend in the first half of 2014 not only halted this decline in revenue, but also had resulted in a quarter over quarter increasing revenues since the beginning of 2014. In the fourth quarter of 2014, revenue increased compared to the previous quarter (Q3 2014: EUR 12.4 million) as well as against the fourth quarter of 2013 (Q4 2013: EUR 9.4 million) to EUR 12.9 million.

Development of earnings

Marketing spend increased by 9 percent in the 2014 financial year compared to the previous year. Following changes in accounting estimates in 2014, marketing spend for customer acquisition is recognised as an intangible asset and amortised over the useful life of the customer relationship. As a result, marketing spend is better assigned, in terms of timing, to the revenue that results from it. Due to higher-margin marketing campaigns, the restructuring of debt and optimisation of the Group’s structure as well as the changes in accounting estimates, EBITDA rose by 91.7 percent to EUR 11.5 million in 2014 (previous year: EUR 6.0 million). In the fourth quarter of 2014 EBITDA amounted to EUR 3.1 million (Q4 2013: EUR 0.5 million).

In the past financial year net profit amounted to EUR 1.0 million (previous year: EUR 1.0 million) and not EUR 1.9 million as originally stated when the preliminary figures were published on 23 March 2015.In March 2015, the Company was informed, that CLIQ Digital’s technical service provider in Mexico was disconnected by leading mobile operator Telcel. Consequently CLIQ Digital is no longer able to provide services to Telcel’s customers. The Management Board seeks clarification for the situation and examines alternative opportunities for providing services in Mexico. However, since the Management Board cannot oversee whether the technical service provider in Mexico will be re-connected, the decision was taken to set an impairment loss on the full marketing asset related to the customer acquisition in 2014 in Mexico, with a negative effect on Net Income for 2014 of EUR 0.8 million.

Balance sheet

CLIQ Digital AG’s equity amounted to EUR 39.2 million as of 31 December 2014 (previous year: EUR 35.8 million), while its share capital was EUR 6,188,714.00 (previous year: EUR 4,445,699.00).

 

Outlook for 2015

The reorganisation of financing and capital measures implemented in the fourth quarter of 2014 substantially increased the company’s financial strengths. In the year under review, CLIQ Digital also optimised its corporate structures significantly, reducing the number of companies in the Group from 30 to 16 including CLIQ Digital AG. The Group created a solid foundation for sustainable profitable growth. The Management Board is now in a position to focus fully on its core business. The CLIQ Digital Group already began to intensify its marketing activities considerably in the fourth quarter of 2014. In the current financial year, the company plans a further increase of its marketing spend. As a result, CLIQ Digital expects a double-digit increase in sales as well as double-digit growth in revenue compared to previous year.

 

The annual report 2014 of the CLIQ Digital AG is under available for download under http://www.cliqdigital.com/front-IR/annual-reports/.

 

 

About CLIQ Digital:

 

CLIQ Digital is a leading provider of games, apps, entertainment and software for smartphones, feature phones, tablets and desktops. 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 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: Adjustment of its preliminary results published on 23 February 2015 due to post balance sheet date event (December 31, 2014)

  • 13/04/2015

 
– Revenue and EBITDA 2014 unaffected
– Negative effect on Net Income 2014 EUR 0.8 million.
– Delay of publishing the final annual accounts with 8 days
– Positive start into financial year 2015: increase in revenues expected

Düsseldorf, April 13, 2015 – CLIQ Digital AG (ISIN DE000A0HHJR3, WKN A0HHJR), a leading provider of games, apps, software and entertainment for smartphones, tablets and desktops, has today announced that her technical service provider in Mexico was disconnected by leading mobile operator Telcel. Consequently CLIQ Digital is no longer able to provide its customers with services in Mexico. The separation of the technical service provider was done entirely unexpected for all customers of the service provider. The Management Board seeks to clarify the current situation and examines alternative sales opportunities.

Although the auditors of CLIQ Digital AG were about to finalize their audit work on 2014 financials, this event (after balance sheet date) could not be ignored. Since the Management Board cannot oversee whether the technical service provider in Mexico will be re-connected, the decision was taken to set an impairment loss on the full marketing asset related to the customer acquisition in 2014 in Mexico. The negative effect on Net Income for 2014, compared to the preliminary figures communicated on 23/2/2015, is expected to be EUR 0.8 million. Therefore, the expected net profit in the past financial year amounts to EUR 1.0 million (previous year: EUR 1.0 million). Revenue and EBITDA figures for 2014 remain unaffected from this event. According to preliminary figures CLIQ Digital generated revenues of EUR 47.3 million (2013: EUR 51.8 million), EBITA increased by 91.7% to EUR 11.5 million (2013: EUR 6.0 million). The auditors are currently reviewing the adjusted accounts 2014.

The disconnection of the technical facilitator will also have an impact on the 2015 figures. CLIQ Digital strives to publish the 1st quarter 2015 figures sooner than the originally scheduled date May 21, 2015 in order to inform the market about the financial impact of the disconnection. Despite the negative development on the Mexican market CLIQ Digital expects to increase its revenues in the first quarter of 2015 compared to the previous quarter.

Due to this unexpected event, the publication of the annual final figures for the 2014 financial year and further information on guidance for 2015 with its full 2014 annual report is delayed from 13 April 2015 to 21 April 2015.

About CLIQ Digital:

Cliq Digital is a leading provider of games, apps, entertainment and software for smartphones, feature phones, tablets and desktops. 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 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 figures for 2014: Significant boost in profitability

  • 23/02/2015

 

– Revenue increase continues in Q4 2014
– Total revenue for year of EUR 47.3 million (previous year: EUR 51.8 million)
– EBITDA growth of 91.7% to EUR 11.5 million (previous year: EUR 6.0 million)
– Profitability of the CLIQ Digital Group significantly enhanced: net profit rises to EUR 1.9 million (previous year: EUR 1.0 million)

 

Düsseldorf, 23 February 2015 – CLIQ Digital AG (ISIN DE000A0HHJR3, WKN A0HHJR), a leading provider of games, apps, software and entertainment for smartphones, tablets and desktops, has today announced its preliminary results for the 2014 financial year. In the reporting period the company generated revenue of EUR 47.3 million (previous year: EUR 51.8 million). The decline in revenue for 2014 as a whole compared to 2013 is essentially due to lower marketing spending in the second half of 2013. In the fourth quarter of 2014 CLIQ Digital AG increased its revenue versus the previous quarter as well as versus the fourth quarter of 2013 to EUR 12.9 million (Q3 2014: EUR 12.4 million; Q4 2013: EUR 9.4 million).
 

Marketing expenditure increased significantly in the 2014 financial year compared to the 2013 financial year. Following a change in accounting estimate, the costs for customer acquisition have been accounted for as an intangible asset and amortised over the useful life of the customer of 18 months. As a result, marketing expenses are better assigned, in terms of timing, to the revenue that results from them. In light of the change in accounting estimates EBITDA improved significantly in the 2014 financial year. EBITDA rose by 91.7% to EUR 11.5 million (previous year: EUR 6.0 million). In the fourth quarter of 2014 EBITDA amounted to EUR 3.1 million (Q4 2013: EUR 0.5 million). According to preliminary figures, the net profit in the past financial year was EUR 1.9 million (previous year: EUR 1.0 million). The net profit in the fourth quarter of 2014 amounted to EUR 0.9 million (Q4 2013: EUR 0.6 million).
 

The Management Board of CLIQ Digital AG is pleased with this business performance: “Despite consolidated revenue falling short of the original forecast for the 2014 financial year, we had a strong final quarter (higher than the adjusted forecast) and significantly raised our profitability thanks to higher-margin marketing campaigns. In the past financial year we expanded our leading market positioning as reseller for a series of premium security products for mobile devices. Our strategy of internationalisation is also beginning to pay off; in particular in North America (including Mid America) growth was stronger than expected in 2014. Thanks to the optimisation of our corporate structure and the strengthening of our financial situation by restructuring our debt, we have created a solid foundation for a lasting return to profitable growth. The intensification of our marketing activities, which we already began in the fourth quarter of 2014, will make a significant contribution towards this”.

The figures shown in this Corporate News are preliminary and unaudited. CLIQ Digital AG will publish the final figures for the 2014 financial year and further information on guidance for 2015 with its full 2014 annual report on 13 April 2015.

 

About CLIQ Digital:

Cliq Digital is a leading provider of games, apps, entertainment and software for smartphones, feature phones, tablets and desktops. 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 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

© 2018 CLIQ Digital. All rights reserved.