November 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

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