DGAP-Adhoc: ad pepper media International N.V.: Preliminary results for first quarter of 2012

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

23.04.2012 10:10

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.

---------------------------------------------------------------------------

Nuremberg, Amsterdam, April 23, 2012

ad pepper media International N.V. started the new financial year with
subdued sales growth of 3.5 percent to EUR 13,313k in the first quarter of
2012 (Q1 2011: EUR 12,859k). This was mainly due to developments in the ad
pepper media segment, which fell short of expectations. Sales here suffered
from the rapid collapse in the display market, falling by EUR 1,320k, or
21.6 percent, to EUR 4,780k. This development underlines the importance of
the investments made in ad pepper media's real-time advertising platform
adEXplorer, which the company expects to significantly improve its market
position in the medium term.
Sales in the Webgains segment grew year-on-year by 7.6 percent, or 
EUR 373k, to EUR 5,260k, while the ad agents segment once again posted
substantial sales growth of EUR 1,400k, or 74.8 percent, to EUR 3,273k.

Despite the Group's slight sales growth, the segment-specific margin
structure led to a decline in gross profit, which fell around 5.2 percent,
or EUR 283k, short of the equivalent figure for the previous year 
(Q1 2011: EUR 5,410k). As a percentage of sales, the gross margin declined
correspondingly to 38.5 percent (Q1 2011: 42.1 percent).

Thanks to substantial reductions in operating expenses, it was possible to
more than offset the lower margin. Operating expense cuts totaling 
EUR 613k, or 9.2 percent were achieved in the first three months 
(Q1 2011: EUR 6,635k), thus enabling the company to post a significant 
year-on-year improvement in its key profitability figures. Earnings before
interest,taxes, depreciation and amortization (EBITDA) amounted to 
EUR -778k in the first quarter of 2012 (Q1 2011: EUR -1,090k). Earnings 
before interest and taxes (EBIT) amounted to EUR-896k, as against 
EUR -1,225k in the previous year's quarter. Earnings before taxes (EBT) 
showed a particularly marked improvement, and amounted to EUR -551k in the
first three months of the financial year (Q1 2011: EUR -936k). 
Net income for the period amounted to EUR -691k (Q1 2011: EUR -1,151k).

Liquid funds (including securities measured at fair value and time
deposits) fell to EUR 16,811k (31 March 2011: EUR 21,061k). Compared with
the end of 2011, however, this corresponds to growth of 3.5 percent 
(31 December 2011: EUR 16,247k). The company still has no liabilities to
banks.
The equity ratio remained stable at 70.2 percent (31 March 2011: 
72.5 percent).

The report on the first quarter of 2012 will be published on May 8, 2012.
 

Year-on-year comparison of key figures (unaudited)

|[![CDATA[|[pre|]]]|]

                                            Q1 2012   Q1 2011   % Change
Sales                        EUR 000s       13,313    12,859     +3.5
Gross margin                 EUR 000s        5,127     5,410     -5.2
EBITDA                       EUR 000s         -778    -1,090    -28.6
EBIT                         EUR 000s         -896    -1,225    -26.9
EBT                          EUR 000s         -551      -936    -41.1
Consolidated net income      EUR 000s         -691    -1,151    -40.0
Earnings per share (basic)   EUR             -0.04     -0.06    -33.3
Liquid funds                 EUR 000s       16,811    21,061    -20.2
Equity                       EUR 000s       23,406    25,241     -7.3
Total assets                 EUR 000s       33,352    34,822     -4.2


|[![CDATA[|[/pre|]]]|]

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


23.04.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
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
 
---------------------------------------------------------------------------