ad pepper media International N.V.  / Key word(s): Final Results/Preliminary
Results 

27.02.2013 08:56

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Nuremberg, Amsterdam, February 27, 2013

Based on preliminary figures, ad pepper media International N.V. closed the
2012 financial year with sales of EUR 55,022k. This corresponds to a
decline of 1.8 percent compared with the equivalent figures for the
previous year. At EUR 23,137k, gross profit more or less matched the
previous year's figure (2011: EUR 23,162k). In the fourth quarter alone,
the company generated gross profit of EUR 6,770k (Q4 2011: EUR 6,319k) -
the highest figure ever posted for a three-month period since the company
was founded. The Webgains and ad agents segments once again acted as key
growth drivers. By contrast, the ad pepper media segment had to absorb a
reduction in sales by EUR 3,885k, or 15.1 percent, thus falling
significantly short of expectations.
Operating expenses rose by 7.2 percent to EUR 27,768k (2011: EUR 25,892k).
Key factors here included the costs incurred in connection with the
departure of two members of the Management Board as of October 16, 2012 and
resultant legal advisory expenses (EUR 2,752k). Furthermore, we had to
write down our minority stake in SocialTyze LLC in full. This impacted
negatively on the financial result with EUR 1,081k.

EBITDA for the past financial year amounts to EUR -4,165k (2011: EUR
-2,218k). Excluding one-off items, EBITDA would amount to EUR -1,412k. EBIT
for the past financial year amounts to EUR -4,631k (2011: EUR -2,730k), and
to EUR -1,879k prior to one-off items. EBT for the 2012 financial year
amounts to EUR -4,733k (2011: EUR -2,162k), and to EUR -900k excluding
one-off items.

Liquid funds (including securities measured at fair value and fixed-term
deposits) showed only a slight decline to EUR 15,749k (December 31, 2011:
EUR 16,247k). The company still has no liabilities to banks.

Thanks to a pleasing business performance and simultaneous reduction in
costs, we expect to generate a balanced EBITDA for the first quarter
of 2013. This would represent the best first-quarter result for three
years.

The 2012 Annual Report will be published on March 29, 2013.

Key figures (unaudited) for 2012 versus 2011:

<pre>
                                     FY 12         FY 11         % Change
Sales                EUR 000s        55,022        56,019        -1.8    
Gross margin         EUR 000s        23,137        23,162        -0.1    
EBITDA               EUR 000s        -4,165        -2,218        -87.8   
EBIT                 EUR 000s        -4,631        -2,730        -69.6   
EBT                  EUR 000s        -4,733        -2,162        -118.9  
Liquid funds*        EUR 000s        15,749        16,247        -3.1    
Equity               EUR 000s        18,445        22,712        -18.8   
Total assets         EUR 000s        32,117        35,443        -9.4    

</pre>
*including securities measured at fair value

For further information: 
Jens Körner (CFO)
ad pepper media International N.V.
Phone: +49 (0) 911 929057-0
Fax: +49 (0) 911 929057-157
E-mail: ir@adpepper.com


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Language:     English
Company:      ad pepper media International N.V.
              Hogehilweg 15
              1101 CB Amsterdam
              Netherlands
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, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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