DGAP-News: Cliq Digital AG / Key word(s): Final Results
CLIQ Digital AG publishes audited consolidated figures for 2014
21.04.2015 / 08:00
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CLIQ Digital AG publishes audited consolidated figures for 2014
- Total annual revenue at EUR 47.3 million (previous year: EUR 51.8
million)
- EBITDA increased by 91.7 percent to EUR 11.5 million (previous year:
EUR 6.0 million)
- Forecast 2015: double-digit increase in sales and double-digit growth
in revenue expected
Düsseldorf, April 21, 2015 - Die CLIQ Digital AG (ISIN DE000A0HHJR3, WKN
A0HHJR), a leading provider of games, apps, software and entertainment for
smartphones, tablets and desktops, has today announced its audited
consolidated financial results for the fiscal year 2014.
Development in revenue
In 2014, the company generated revenue of EUR 47.3 million (previous year:
EUR 51.8 million). Lower marketing spend in the final quarter of 2013 led
to a temporary decline in revenue in the first half of 2014. An increase in
marketing spend in the first half of 2014 not only halted this decline in
revenue, but also had resulted in a quarter over quarter increasing
revenues since the beginning of 2014. In the fourth quarter of 2014,
revenue increased compared to the previous quarter (Q3 2014: EUR 12.4
million) as well as against the fourth quarter of 2013 (Q4 2013: EUR 9.4
million) to EUR 12.9 million.
Development of earnings
Marketing spend increased by 9 percent in the 2014 financial year compared
to the previous year. Following changes in accounting estimates in 2014,
marketing spend for customer acquisition is recognised as an intangible
asset and amortised over the useful life of the customer relationship. As a
result, marketing spend is better assigned, in terms of timing, to the
revenue that results from it. Due to higher-margin marketing campaigns, the
restructuring of debt and optimisation of the Group's structure as well as
the changes in accounting estimates, EBITDA rose by 91.7 percent to EUR
11.5 million in 2014 (previous year: EUR 6.0 million). In the fourth
quarter of 2014 EBITDA amounted to EUR 3.1 million (Q4 2013: EUR 0.5
million).
In the past financial year net profit amounted to EUR 1.0 million (previous
year: EUR 1.0 million) and not EUR 1.9 million as originally stated when
the preliminary figures were published on 23 March 2015. In March 2015, the
Company was informed, that CLIQ Digital's technical service provider in
Mexico was disconnected by leading mobile operator Telcel. Consequently
CLIQ Digital is no longer able to provide services to Telcel's customers.
The Management Board seeks clarification for the situation and examines
alternative opportunities for providing services in Mexico. However, 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, with a negative effect on Net Income for 2014 of EUR 0.8
million.
Balance sheet
CLIQ Digital AG's equity amounted to EUR 39.2 million as of 31 December
2014 (previous year: EUR 35.8 million), while its share capital was EUR
6,188,714.00 (previous year: EUR 4,445,699.00).
Outlook for 2015
The reorganisation of financing and capital measures implemented in the
fourth quarter of 2014 substantially increased the company's financial
strengths. In the year under review, CLIQ Digital also optimised its
corporate structures significantly, reducing the number of companies in the
Group from 30 to 16 including CLIQ Digital AG. The Group created a solid
foundation for sustainable profitable growth. The Management Board is now
in a position to focus fully on its core business. The CLIQ Digital Group
already began to intensify its marketing activities considerably in the
fourth quarter of 2014. In the current financial year, the company plans a
further increase of its marketing spend. As a result, CLIQ Digital expects
a double-digit increase in sales as well as double-digit growth in revenue
compared to previous year.
The annual report 2014 of the CLIQ Digital AG is under available for
download under http://www.cliqdigital.com/front-IR/annual-reports/.
About CLIQ Digital:
CLIQ Digital is a leading provider of games, apps, entertainment and
software for smartphones, feature phones, tablets and desktops. 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 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
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346317 21.04.2015
DGAP-News: CLIQ Digital AG publishes audited consolidated figures for 2014
| Source: EQS Group AG