REG - XLMedia PLC - AGM Statement

XLMediaAnnouncement

27/05/2021 07:00

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RNS Number : 9599Z  XLMedia PLC  27 May 2021

27 May 2021

XLMedia PLC

("XLMedia" or the "Company")

 

AGM Statement

 

XLMedia (AIM: XLM), a global digital performance publisher, provides an update
ahead of its Annual General Meeting ("AGM") at 10.00am today. As noted in the
Company's Notice of AGM announcement, shareholders must not attend the meeting
in person.

 

At the meeting, Stuart Simms, Chief Executive Officer of XLMedia, will make
the following statement:

 

"We have made a solid start to 2021, supported by a good performance in the
Personal Finance and European Sport verticals.  This, alongside our recent
acquisitions in US Sports vertical, continues to partially offset the ongoing
weakness across our European Casino assets.

 

"The integration of our US Sports assets is progressing well and is expected
to add materially to the Group revenue for the current financial year and
beyond.  However, and as previously disclosed, we expect revenues in the
Casino vertical to decline further in 2021 and will continue to adjust our
cost base accordingly as we further stabilise this vertical in the medium
term.  We expect this decline to be partially offset by the improving
performance of both European Sport and North American Personal Finance.

 

"Given the robust performance and the increased revenue visibility of the
business so far this year, the Group currently expects to deliver revenue for
full year 2021 of between $65 million and $70 million.

 

"As outlined in our 2020 full year results published in April, we continue to
invest in the ongoing transformation of the business, including the systems
and technology that underpin performance, to build an infrastructure platform
which will support the anticipated growth in future years.  This investment,
and the additional operating costs associated with the recent acquisitions,
will hold back profit progression in the current year.

 

"In the medium term, the Company expects to deliver year-on-year profitable
revenue growth and to leverage the infrastructure investment to reduce ongoing
operating costs, leading to a gradual return to the operating margin levels
last experienced in 2019."

 

 

The information contained within this announcement (the "Announcement") is
deemed by the Company to constitute inside information as stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this
Announcement via a Regulatory Information Service, this inside information is
now considered to be in the public domain.

 

For further information, please contact:

 

 XLMedia plc                                              ir@xlmedia.com (mailto:ir@xlmedia.com)

 Stuart Simms, Chief Executive Officer

 Iain Balchin, Chief Financial Officer

 www.xlmedia.com (http://www.xlmedia.com/)

 Vigo Consulting                                          Tel: 020 7390 0233

 Jeremy Garcia / Fiona Hetherington

 www.vigoconsulting.com (http://www.vigoconsulting.com)

 Cenkos Securities plc (Nomad and Joint Broker)           Tel: 020 7397 8900

 Giles Balleny / Max Gould

 www.cenkos.com (http://www.cenkos.com/)

 Berenberg (Joint Broker)                                 Tel: 020 3207 7800

 Mark Whitmore / James White / Tejas Padalkar

 www.berenberg.com (http://www.berenberg.com/)

 

Notes:

XLMedia is a global performance publisher. Operating globally across a variety
of verticals including online gaming, personal finance and sports, the Group
uses proprietary data and advanced targeting capabilities to build valuable
connections with consumers through high-quality content - a value which can be
passed onto XLMedia customers.

Group strategy is rooted in two fundamental corporate objectives to evolve the
XLMedia business, speed transformational progress and drive global growth:

·    A balanced portfolio of online assets

o  Proactively managing the portfolio to ensure exposure to a diverse range
of attractive territories and vertical markets, with different stages in their
lifecycle/maturity. XLMedia seeks to achieve this through realigning the
weighting of assets and moving towards more regulated markets (the US) and
verticals (Sports), with more data-driven, conscious business model selection.
In doing so, the Group seeks to promote sustainable revenue growth for the
business and its customers, alongside data-driven intelligence to inform
investment cases.

·    Branded, content-rich, engaging websites

o  Cultivating premium publishing brands with a shared belief in quality.
XLMedia seeks to achieve this through focused consolidation of its portfolio
and resources to concentrate only on those publishing assets which are
optimised for its chosen markets. In doing so, the Group seeks to deliver
content-rich, consumer centric sites which promote tangible user value while
benefiting and extending the capabilities of our customers.

 

 

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