REG - XLMedia PLC - Trading update <Origin Href="QuoteRef">XLM.L</Origin>

XLMediaAnnouncement

26/07/2016 07:06

RNS Number : 2148F
XLMedia PLC
26 July 2016
For immediate release
26 July 2016
XLMedia PLC
("XLMedia" or "the Group" or "the Company")
Trading update
Strong first half performance
XLMedia (AIM: XLM), a leading provider of digital performance marketing services, is pleased to announce the following trading update for the six months ending 30 June 2016 and confirms that it will release results for the 6 months ended 30 June 2016 during September 2016.
The Group continued its strong performance in the first half of 2016, with revenues of $51 million (H1 2015: $36.8 million) and adjusted EBITDA1 of at least $17 million (H1 2015 $12.9 million).
Over the period the Group continued to pursue its strategy of diversifying its business across geographies and verticals. Revenues from identified countries are as follows; Scandinavia 48% (H1 2015: 51%), other European countries 29% (H1 2015: 25%) and North America 17% (H1 2015: 23%) during the period. The Groups single largest customer accounted for just 7% of the Group's revenues (H1 2015: 11%) during the period. Gambling revenues amounted for approximately 70% of the Group's revenues (H1 2015: 70%), with the rest in gaming and mobile applications, software, utilities, e-commerce and others.
XLMedia has made continued progress on the execution of its strategic plan, benefitting from its increased scale, clients base and marketing channels. Further, the Group has continued to execute its technology road map and rolled out some enhanced features for all systems including: business intelligence tools, tracking systems, and Palcon - XLMedia's proprietary content management system.
The Board believes that the Group's strong growth, combined with its technological abilities, continues to position the Company well to further develop the business. Accordingly, the Board remains extremely confident in the performance of the business.
Ory Weihs, Chief Executive Officer, commented:
"We continue to execute our strategic plan and further diversify our business. The Company's position as a leading performance marketing company is allowing us to implement our know-how, expertise and technology as well as to further expand into additional verticals and markets. We continue to invest in developing more tools and systems to strengthen our competitive advantage and look forward to report our full half year results."
1Earnings before interest, taxes, depreciation and amortisation and excluding share based payments and expenses relating to acquisitions
For further information, contact:
XLMedia plc
Ory Weihs
Tel: 020 8817 5283
Cenkos Securities plc (Nomad and Joint Broker)
Ivonne Cantu /Camilla Hume/ Callum Davidson
Tel: 020 7397 8900
Liberum Capital Limited (Joint Broker)
Neil Patel / Chris Clarke
Tel: 020 3100 2000
Vigo Communications
Jeremy Garcia / Fiona Henson
Tel: 020 7830 9700

This information is provided by RNS
The company news service from the London Stock Exchange
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