February 2015

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

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