20th Jan 2014 07:00
InternetQ plc - Trading UpdateInternetQ plc - Trading Update
PR Newswire
London, January 17
For immediate release 20 January 2014 INTERNETQ plc ("InternetQ" or "the Group") Trading Update InternetQ PLC, a leading provider of mobile marketing and digital entertainmentsolutions today issues the following trading update for the 12 months ended 31December 2013. InternetQ has continued to deliver strong growth during 2013, with revenuesincreasing by nearly 40% to over €100 million. Margins improved in the secondhalf of the year, driving annual adjusted EBITDA over €16.1 million andafter-tax adjusted profitability to the order of €10 million. These figures arein line with market expectations. The Group's strong performance continues to be driven by its core MobileMarketing and Mobile Entertainment activities, including InternetQ's socialmedia and entertainment platform Akazoo. The key regions of growth are Asia,Africa and increasingly, Latin America - where mobile marketing and mobileentertainment services are firmly established as a powerful customeracquisition tool. Akazoo continues to attract significant demand from globalmedia and mobile telecoms providers looking to offer high-quality musicstreaming services. Minimob is also gathering momentum and has found widespreaddistribution and profile in the booming App economy. InternetQ maintains a strong balance sheet with cash at year-end in excess of €12.5 million, as at 31 December 2013. Trade receivables were lower than theprior year and cash generated from operations was close to €12 million(compared to €1.5 million for 2012). This solid financial position providessufficient capacity to support future growth, especially as smartphone adoptionand usage becomes commonplace across multiple emerging and developed markets. InternetQ GmbH (formerly Atlas Interactive, which was acquired in July 2013)continues to trade well following its successful integration. Executivemanagement remains confident that the combination of its expansive Europeanfootprint and connectivity agreements with Mobile Network Operators worldwidewill create significant cross selling opportunities. Active discussions with anumber of new and existing customers are progressing as a result of theacquisition. InternetQ will announce its full year results for the 12 months ended 31December 2013 on 8 April 2014. For further details: InternetQ Tel: +44 (0) 20 3519 5250 / +30 (211) 101 1101 Panagiotis Dimitropoulos, Founder and CEO Tel: +30 (697) 811 7520 Veronica Nocetti, Chief Financial Officer Tel: +30 (694) 420 5275 Buchanan Jeremy Garcia / Gabriella Clinkard Tel: +44 (0)20 7466 5000 RBC Capital Markets Stephen Foss / Pierre Schreuder Tel: +44 (0)20 7653 4000 Canaccord Genuity Simon Bridges / Cameron Duncan Tel: +44 (0)20 7523 8000 About InternetQ plc: InternetQ is a leading digital content and mobile marketing services companywith operations spanning Asia, Europe, Africa and the Americas. It offersproprietary technology platforms to help mobile network operators, brands, andmedia companies to conduct targeted, interactive and measurable marketinginitiatives on mobile devices. Its mobile value added services include Akazoo,which allows consumers to purchase digital music content, MobiDialog, itsplatform for mobile operators to manage marketing campaigns with predictiveanalytics, and Minimob, a platform providing developers with the most advancedtools to cross-promote and monetize their apps. All underpinning the rapidglobal growth in smart devices and the thriving app economy. InternetQ is a publicly traded company listed on the AIM market of the LondonStock Exchange, under the symbol INTQ.
For investor related queries, please email: [email protected]
Related Shares:
INTQ.L