- 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.