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

XLMediaAnnouncement

04/07/2017 07:06

RNS Number : 9994J
XLMedia PLC
04 July 2017
For immediate release
4 July 2017
XLMedia PLC
("XLMedia" or "the Group" or "the Company")
Trading update
Strong H1 growth delivered with trading ahead of expectations
XLMedia (AIM: XLM), a leading provider of performance marketing, is pleased to announce the following trading update for the six months ended 30 June 2017, with the Group trading ahead of managements' expectations for the period. 
The Group has continued to execute on its strategy of diversifying its revenue streams and has delivered strong organic growth across all business verticals within the Group. 
The Board was pleased to announce two acquisitions during the period, the first being Clicksmob, a mobile performance marketing platform, and the second, Greedyrates.ca, one of Canada's leading credit card comparison websites. Integration of both acquisitions is progressing according to plan with both acquisitions performing well and in line with management expectations. In addition, the recently announced acquisition of Securethoughts.com, a US cyber security comparison website, will add further diversification and US presence to the Group. 
Currently the Group derives 57% of its revenues from gambling, down from 70% in the first half last year, with the remaining 43% coming from non-gambling verticals including gaming, mobile applications, software, utilities, e-commerce and finance. The Board believes this is yet further evidence of the Group successfully delivering on its strategy to continue to diversify revenue sources and accordingly the Board remains extremely confident in the performance of the business.
The Company expects to announce half year results for the six months ended 30 June 2017 during September 2017.
For further information, please contact:
XLMedia plc
Ory Weihs
www.xlmedia.com
Tel: 020 8817 5283
Vigo Communications
Jeremy Garcia / Fiona Henson / Natalie Jones
www.vigocomms.com
Tel: 020 7830 9703
Cenkos Securities plc (Nomad and Joint Broker)
Ivonne Cantu / Camilla Hume
www.cenkos.com
Tel: 020 7397 8900
Berenberg (Joint Broker)
Chris Bowman / Mark Whitmore / Amritha Murali
www.berenberg.com
Tel: 020 3207 7800

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