12th Nov 2015 08:31
LONDON (Alliance News) - XLMedia PLC Thursday said it will beat its full year expectations and said earnings will grow by at least 62% year-on-year as it continues to deliver strong growth in the second half of 2015.
XLMedia shares were up 9.5% to 72.0 pence per share on Thursday morning.
The provider of digital performance marketing services said full year revenue will be at least USD88.0 million, which would represent a 73% year-on-year rise, whilst adjusted earnings before interest, tax, depreciation and amortisation will be at least USD27.5 million.
XLMedia's financial year will end on December 31.
"The group has continued to deliver strong growth in the second half of 2015, building on an excellent performance in the first half. As a result, the company expects to exceed current market expectations," said the company.
XLMedia said the integration of its acquisitions continues to progress, with the improved performance in 2015 being partly as a result of its Marmar Media acquisition. It also said social and mobile gaming marketing company EDM, which it acquired in 2014, is currently "performing strongly".
"XLMedia has benefited from its increased scale and the addition of further clients increasing the group's client base and its marketing channels. The group has seen further benefits through the increase in its geographic presence mainly in North America, UK and Europe," said the company.
"The group's strong organic growth combined with the successful integration of the recent acquisitions positions the company well to further develop the business. Accordingly the board remains confident of the company's future prospects," the company added.
By Joshua Warner; [email protected]; @JoshAlliance
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