16th Jan 2013 07:00
For immediate release | 16 January 2013 |
INTERNETQ plc
("InternetQ" or "the Group")
Trading Update
InternetQ, one of the leading providers of mobile marketing and digital entertainment solutions for mobile network operators and brands, today issues a trading update for the 12 months ended 31 December 2012.
The Board is pleased to report that InternetQ has continued to generate strong levels of organic growth during 2012 and anticipates revenues to be more than €70 million and in line with market expectations, representing organic growth of over 45%. Margins have improved in the second half and EBITDA and after tax profitability are therefore expected to be ahead of market expectations for the year to 31 December 2012.
The Group's strong performance continues to be driven by its core Mobile Marketing and Mobile Entertainment activities, including InternetQ's social media and entertainment platform, whose revenues are up 90% year on year. Key growth regions remain South East Asia, Africa and Russia where mobile marketing and mobile entertainment services are established as a powerful business development tool.
InternetQ maintains a strong balance sheet with cash in excess of €9.5 million, providing sufficient capacity for the further significant growth expected in 2013, both in Mobile Marketing and Mobile Entertainment.
InternetQ will announce its full year results for the 12 months ended 31 December 2012 on 10 April 2013.
For further details
InternetQ Panagiotis Dimitropoulos, Chief Executive Officer Veronica Nocetti, Finance Director | Tel: +30 211 101 1101 Tel: +30 (697) 811 7520 Tel: +30 (694) 420 5275 |
Buchanan Jeremy Garcia / Gabriella Clinkard | Tel: +44 (0)20 7466 5000 |
RBC Capital Markets Stephen Foss / Pierre Schreuder / Daniel Conti | Tel: +44 (0)20 7653 4000 |
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