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Cliq Digital AG reports preliminary results for Q1 2013
- Q1 revenues of EUR 14.6 million
- Q1 EBITDA of EUR 2.5 million
- Positive net earnings already show impact of adjusted strategy
- Debt reduced and term loan with ABN AMRO renegotiated
Cliq Digital, a leading provider of mobile games, apps, software and entertainment content, today announces preliminary results for the first quarter of 2013 financial year. The group generated revenues of EUR 14.6 million (Q1 2012: EUR 19.4 million), while EBITDA (earnings before interests, taxes, depreciation and amortization) reached EUR 2.5 million (Q1 2012: EUR 3.0 million). The decline in revenues is mainly due to a strong downturn of the former Bob Mobile business (EUR -4.3 million). Moreover, the declined revenues show the challenges in the feature phone business.
Cliq Digital Group's EBIT (earnings before interests and taxes) benefited from considerably lower scheduled amortization and amounted to EUR 1.2 million. Net earnings came in at EUR 0.7 million (EPS EUR 0.16) and exceeded Q4 2012 net earnings of EUR 0.4 million.
In February 2012 Cliq Digital attracted a term loan of EUR 25 million (of which terms have been recently renegotiated, amongst other a lower monthly redemption) to finance the takeover of Cliq B.V. By the end of 2012 the term loan has been reduced to EUR 15 million. The company expects the loan to be at the level of EUR 6.7 million at the end of 2013.
In 2013, Cliq Digital expects to reach revenues of approx. EUR 70 million with an EBITDA of EUR 11.5 million and net earnings of approx. EUR 3.0 million. The company is well positioned to realize organic growth through activities in existing countries, by entering new markets and by introducing new products for the mobile devices (phones, tablets etc). The guidance also includes some minor acquisition opportunities as well as new smart partnerships.
The Annual Report 2012 is expected to be published in June 2013.
The current corporate presentation, in which the strategy of the company is included, is available on CLIQ's website under the IR-section: www.cliqdigital.com
All figures in this Corporate News are preliminary and unaudited. Whereby 2012 figures are pro forma.
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