24th Apr 2008 07:00
Rambler Media Ltd. ("Rambler"), operating one of Russia's most popular internetbrands, today issues the following trading update on its unaudited financialresults for the first quarter period from 1 January 2008 to 31 March 2008. -- Group revenue (including Begun) up 144% year-on-year to US$22.7 million (Q1 2007, US$9.3 million) -- 63% year-on-year growth in like-for-like sales to US$15.1 million (Q1 2007, US$9.3 million) -- Impact of Begun consolidation was US$7.5 million, after elimination of intercompany sales. Total contextual revenue was US$10.9 million for the period (Q1 2007, US$2.0 million) -- Group EBITDA margin continuing to improve to 18-20% (Q1 2007, -2%) in line with guidance -- Launch of innovative hybrid search which delivers more results faster -- Announced title sponsorship of Russian Football Cup including unique content for Rambler -- Unique number of visitors to rambler.ru up 33% year-on-year to 36.7 million per month on average in the period (Q1 2007, 27.7 million). In March 2008, Rambler reached 38.9 million unique visitors, which is 34% higher than in the same month last year (March 2007, 29.1 million) -- Cash balance increased to US$32.7 million at 31 March 2008 (31 December 2007, US$31.5 million). Commenting on the trading update, Rambler's Chief Executive Officer MarkOpzoomer said: "2008 is clearly going to be a year of action for us, building on the changeprocess started in the second half of 2007. I am pleased with our financialperformance for the first quarter of the year. I am confident of the progressour Sales, Marketing and Product development teams are making. And with therecent announcement of our new hybrid search and title sponsorship of theRussian Football Cup, Rambler is rejuvenating its brand with consumers andfootball fans alike throughout Russia. I am confident that we are progressingwell towards our goal of being Russia's favourite homepage and the leadinggateway to the internet." For further information, please visit www.ramblermedia.com or contact: \* TRambler Media Shared Value LimitedMark Opzoomer Nicolas DuperrierTel. +7 495 500 3826 Tel. +44 (0) 20 7321 5010 [email protected] ING Wholesale BankingDaniel Friedman / William Marle / Francis MooreTel. +44 (0) 20 7767 1000\* T *** ABOUT RAMBLER MEDIA Rambler Media is an internet media and services group which operates or hasinterests in leading Russian language internet brands including the originalRussian internet homepage and search engine 'Rambler.ru', on-line newspaper'Lenta.ru', product comparison website 'Price.ru', internet catalogue andnavigation system 'Top 100', instant messaging service 'Rambler-ICQ', digitaladvertising agency 'Index20' and contextual advertising company 'Begun'. RamblerMedia's shares are traded on AIM, the junior market of the London Stock Exchangeunder the symbol 'RMG'. For more information on Rambler Media, visit ourcorporate website at www.ramblermedia.com. Copyright Business Wire 2008Related Shares:
RMG.L