Revenue climbs 11% to EUR 17.6 million in Q1 2017 (Q1 2016: EUR 15.8 million)
EBIT up more strongly, by 43% to EUR 1.1 million (Q1 2016: EUR 0.7 million)
CLIQ factor rose from 1.41 in the prior year period to 1.44 in Q1 2017
Düsseldorf, May 8 2017 - CLIQ Digital AG (ISIN DE000A0HHJR3, WKN A0HHJR), a leading sales and marketing organization for digital products with its own payment platform, today announced its business development for the first three months in 2017.
Development in revenue and earnings
The CLIQ Digital Group has started the year 2017 successful and increased its revenues by 11% to EUR 17.6 million in the period January to March 2017 (Q1 2016: EUR 15.8 million). The double-digit growth in revenues was achieved, although the company’s marketing spend in the first quarter of 2017 of EUR 4.9 million is approximately 15% below the previous year’s level (Q1 2016: EUR 5.7 million).
The consolidated results also developed positively. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 6.5 million in the first quarter of 2017 (Q1 2016: EUR 6.4 million). EBIT rose even stronger, up by 43% to EUR 1.1 million (Q1 2016: EUR 0.7 million). As a result, the EBIT margin rose to 6.0% (Q1 2016: 4.7%) compared to the previous year. After minority interests, CLIQ Digital generated a net profit of EUR 0.6 million in the first quarter of 2017 (Q1 2016: EUR 0.4 million). This represents an increase of 61%. The cumulative earnings per share (EPS) improved to EUR 0.09 in the reporting period (Q1 2016: EUR 0.06).
Development of KPI’s
Thanks to the strategic focus of CLIQ Digital AG on high-margin markets, the CLIQ factor, the ratio of revenue to costs per customer, as a key indicator of the profitability of new customers, continued to grow in the first quarter of 2017 to 1.44 after reaching 1.41 in 2016. Concentrating on countries with a high CLIQ factor has impacted the marketing spend in the first quarter, whereby the latter was also influenced by stricter regulations in some countries. At the same time, the customer base value, an important key figure for estimating the expected net revenue to be generated by existing customers amounts to EUR 20.5 million per the end of the quarter (Q1 2016: EUR 18,8 million)
The 3-month figures for 2017 are unaudited and were not subject to a review.