DGAP-News: CLIQ Digital AG publishes preliminary 9-months figures 2014 - Revenue growth continues in third quarter

Cliq Digital AG  / Key word(s): Quarter Results

21.11.2014 08:45

Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this
announcement. 

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CLIQ Digital AG publishes preliminary 9-months figures 2014 - Revenue
growth continues in third quarter

  - 3rd quarter of 2014 shows further improvement in revenues and earnings
    compared to the 2nd quarter of 2014

  - Revenue increase in Q3 2014 to EUR 12.4 million (Q3 2013: EUR 11.9
    million)

  - EBITDA increases in the first 9 months of 2014 to EUR 8.5 million (9
    months 2013: EUR 5.8 million)

  - Further marketing activities planned to accelerate customer growth

Dusseldorf, 21 November 2014 - CLIQ Digital AG (ISIN DE000A0HHJR3, WKN
A0HHJR), a leading provider of mobile games, apps, software and
entertainment, reports the preliminary results for the first nine months of
the 2014 financial year. Earnings before interests, taxes, depreciation and
amortization (EBITDA) as a key performance indicator of the company
increased to EUR 8.5 million (9 months 2013: EUR 5.8 million). In the third
quarter, the company generated an EBITDA of EUR 3.4 million (Q3 2013: EUR
1.1 million).

Revenues of the CLIQ Digital group showed a further increase in the third
quarter of 2014 compared to the previous two quarters and was with EUR 12.4
million for the first time this year above the previous year (Q3 2013: EUR
11.9 million). In the period January to September 2014, the company
generated revenues of EUR 34.4 million (9 months 2013: EUR 42.4 million).
Reduced marketing expenses in the second half of 2013 led to a temporary
decline in revenues in the first half of 2014, which has now been stopped
in the third quarter.

In the first nine months of the current fiscal year CLIQ Digital realised
net earnings of EUR 0.9 million (9 months 2013: EUR 1.9 million / fiscal
year 2013: EUR 1.1 million). Net earnings for the third quarter of 2014
amounted to EUR 0.3 million (Q3/2013: EUR 0.5 million). Cumulative earnings
per share (EPS undiluted) for the first nine months of 2014 stood at EUR
0.21 (9 months 2013: EUR 0.46 / fiscal year 2013: EUR 0.25). Taking the
October 2014 capital increase into account the EPS amounts to EUR 0.16.

Upon completion of the third quarter of 2014, CLIQ Digital AG successfully
placed a capital increase and convertible bonds with total gross proceeds
of approximately EUR 2.6 million. A significant part of the gross proceeds
was used to reduce the company's liabilities.

After the end of the third quarter of 2014 the Supervisory Board also
agreed to a settlement agreement resulting in a repayment of the vendor
loans and loans of existing shareholders.

Ben Bos, member of the Management Board of CLIQ Digital AG, comments on the
current business development: "The fact that we were able to report further
revenue growth and earnings in the traditionally weaker third quarter shows
that our strategy is working. With the remaining proceeds from the capital
measures, we will fund additional marketing activities to further
accelerate our customer growth. I am convinced that after completion of the
reorganization of our financing we can now return to sustainable growth.
For this reason, I have increased my stake in CLIQ Digital AG in connection
with the capital increase and on the market by a further 67,000 shares. "

All figures in this Corporate News are unaudited. Changes in the accounting
estimate were taken into consideration with the figures for the first 9
months of 2014, as announced with the preliminary results on 21 August
2014.

About CLIQ Digital: 

Cliq Digital is a leading provider of games, apps, entertainment and
software for PC's, smartphones, feature phones and tablets. The core
business of the company is the direct marketing of its products to
end-customers via online- and mobile-marketing channels. CLIQ Digital
offers its customers attractive products and is a valuable strategic
business partner for developers, publishers and advertisers. The company,
based in Dusseldorf and Amsterdam employs approximately 95 staff and is
listed in the Entry Standard of the Frankfurt Stock Exchange (ISIN
DE000A0HHJR3). Visit CLIQ on: www.cliqdigital.com.

Contact:

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Freihamer Strasse 2
D-82166 Graefelfing/Munich
Tel.: +49 (0)89 89 82 72 27
Fax: +49 (0)89 89 52 06 22
E-Mail: sh@crossalliance.de


21.11.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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