- 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.