19th Jan 2016 08:10
LONDON (Alliance News) - Marketing services provider XLMedia PLC on Tuesday said its 2015 results are set to beat market expectations after a strong second half.
The company said its revenue for the year to the end of December is set to hit at least USD88.6 million, with its adjusted earnings before interest, taxation, depreciation and amortisation to be around USD28.2 million, ahead of market expectations. The revenue figure would represent year-on-year growth of 75%, while its earnings would be 66% higher year-on-year.
XLMedia said it expects to continue investing in scale and diversifying the business in 2016 and will keep investing in its technology to further develop its in-house systems.
"We are extremely proud of last year's strong financial performance and the achievements we made in the period in terms of innovation and our technology. The board would like to take this opportunity to thank our staff for the excellent results delivered," said Ory Weihs, XLMedia's chief executive.
Shares in XLMedia were up 5.9% to 66.2 pence early Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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