DGAP-Adhoc: ad pepper media International N.V.: ad pepper media announces preliminary figures for the first half of 2008

ad pepper media International N.V. / Half Year Results/Quarter Results

05.08.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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ad pepper media announces preliminary figures for the first half of
2008


Nuremberg, Amsterdam, the Netherlands, 5 August 2008

The first half of the current financial year 2008 saw a continuation of the
positive trend in operative business by the group around ad pepper media
International N.V.: in the first six months of the year, ad pepper media
recorded sales of EUR 26.5 million. Compared to the EUR 24.0 million
recorded for the same period of the previous year, this meant an increase
of 10.4 percent in sales. Earnings before interest and taxes (EBITDA) for
the fist half of 2008 totalled EUR 6.8 million compared to EUR 2.7 million
for the same period last year. In the first six months of 2008, ad pepper
media recorded earnings before taxes (EBT) in the order of EUR 4.2 million
whilst EUR 2.0 million was recorded for the same period of the previous
year.

The key figures include milestone payments from Google and once-off
expenditure, particularly for employee related accruals and higher
allowance on doubtful accounts which, on balance, increased the group
EBITDA by EUR 7.5 million. Furthermore, deprecation includes a sum of EUR
1.5 million for impairment on intangible assets.

Cash flow from operating activities was only slightly negative at EUR -0.2
million for the first half of 2008 (first half of 2007: EUR -2.5 million).
As per 30 June 2008, liquid funds (including securities valued at fair
value) totalled EUR 25.2 million (30 June 2007: EUR 14.8 million).

The full report for the quarter will be published on 29 August 2008 and
will then be available for downloading at: www.adpepper.de.

Key figures for the 1st half of 2008 compared to the first half of 2007:<pre>

                        1st half-          1st half-        Change
                        year 2008      year 2007        in %
Sales            kEUR      26,497              24,007       +10.4
Gross margin     kEUR      11,406              12,198        -6.5
                          (43.0%)             (50.8%)
Operating costs  kEUR       7,809              10,547       -26.0
EBITDA           kEUR       6,824               2,729      +150.1
EBIT             kEUR       3,597               1,651      +117.9
EBT              kEUR       4,235               1,995      +112.3
Group income     kEUR       4,659               1,610      +189.4
Earnings per      EUR        0.41                0.14      +192.9
share (non-
diluted)
Liquid funds     kEUR      25,154              14,775       +70.2
Equity           kEUR      60,658              55,882        +8.5
Balance sheet    
total            kEUR      73,046              68,022        +7.4</pre>

For further information:


Jens Körner (CFO)
ad pepper media International N.V.
Tel.: +49 (0) 911/ 929 057- 0
Fax: +49 (0) 911/ 929 057- 312
Email: ir@adpepper.com
DGAP 05.08.2008 
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Language:     English
Issuer:       ad pepper media International N.V.
              Hogehilweg 15
              1101 CB Amsterdam
              Niederlande
Phone:        +49 911 9290570
Fax:          +49 911 929057-157
E-mail:       ir@adpepper.com
Internet:     www.adpepper.com
ISIN:         NL0000238145
WKN:          940883
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News                                     DGAP News-Service
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