DGAP-Adhoc
Sedo Holding with 11.1% sales increase in first half of 2011
Sedo Holding AG / Key word(s): Half Year Results
15.08.2011 08:22
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Cologne, August 15, 2011. Sedo Holding AG is today announcing the Group
financial figures for the first half of 2011. The company can look back on
a stable first half of the year with a clear increase in sales with solid
profit figures.
Group sales increased in the first half of 2011 by 11.1% from EUR 56.6
million. in the corresponding period in the previous year to EUR 62.9
million in the first six months of 2011. The growth driver was the
Affiliate Marketing segment with a sales increase from EUR 34.7 million to
EUR 42.7 million. Sales in the Domain Marketing segment declined from EUR
21.9 million to EUR 20.1 million.
Despite the declining sales in the higher-margin Domain Marketing segment
and the investments aimed at stronger growth in the foreign operations of
Affiliate Marketing, the EBITDA at EUR 4.2 million remained at the previous
year´s level (EUR 4.3 million). The pre-tax profit (EBT) increased by 32.1%
from EUR 2.8 million to EUR 3.7 million. The reasons for this were, in
particular, higher depreciation and amortization in the previous year,
largely resulting from a take-over in the Affiliate Marketing segment in
2006. The net income in the first half of 2011 was EUR 1.9 million compared
with EUR 2.0 million in the corresponding period of the previous year,
which however still included a result of a discontinued operation amounting
to EUR 0.9 million. Earnings per share (EPS) remained stable at EUR 0.06.
In the operative business the network key financial indicators for both
marketplaces in Affiliate Marketing and Domain Trading could be further
improved. In Affiliate Marketing the number of partner programmes increased
by 13.2% and the number of participating websites increased by 6.7%. For
economic reasons, business was streamlined in the Domain Trading and Domain
Parking segment in the second quarter of 2011. As a result, the number of
tradeable domains on the platform was reduced to 14.7 million (previous
year´s figure: 16.7 million). The number of domains available for marketing
correspondingly declined to 5.4 million (previous year´s figure: 7.3
million). The number of registered members, in contrast, was increased by
18.2%.
In the second half of 2011, besides the development of the large customer
business, further internationalization in the Affiliate Marketing segment
is planned. Against this background and on the basis of the current market
conditions, the Management Board expects a doubling of the EBT to EUR 6.6
million and unchanged on 10% sales growth compared to the previous year´s
figures.
6-month comparison Jan. - June 2010 Jan. - June 2011 Change
in EUR million
Sales 56.6 62.9 11.1 %
EBITDA* 4.3 4.2 -2.3 %
EBT 2.8 3.7 32.1 %
Net income 2.0 1.9 -5.0 %
EPS 0.06 0.06
*EBITDA, i.e. The result of operating activities before depreciation and
amortization and writedowns on domains.
Marcus Schaps
Head of Press and Public Relations
Sedo Holding AG
Elgendorfer Straße 57
56410 Montabaur
Tel: +49 (0)2602/96-1319
Fax: +49 (0)2602/96-1013
E-Mail: presse-holding@sedo.com
15.08.2011 DGAP´s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: Sedo Holding AG
Im Mediapark 6
50670 Köln
Germany
Phone: +49 - (0)221 / 34030-560
Fax: +49 - (0)221 / 34030-564
E-mail: holding@sedo.com
Internet: www.sedoholding.com
ISIN: DE0005490155
WKN: 549015
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
financial figures for the first half of 2011. The company can look back on
a stable first half of the year with a clear increase in sales with solid
profit figures.
Group sales increased in the first half of 2011 by 11.1% from EUR 56.6
million. in the corresponding period in the previous year to EUR 62.9
million in the first six months of 2011. The growth driver was the
Affiliate Marketing segment with a sales increase from EUR 34.7 million to
EUR 42.7 million. Sales in the Domain Marketing segment declined from EUR
21.9 million to EUR 20.1 million.
Despite the declining sales in the higher-margin Domain Marketing segment
and the investments aimed at stronger growth in the foreign operations of
Affiliate Marketing, the EBITDA at EUR 4.2 million remained at the previous
year´s level (EUR 4.3 million). The pre-tax profit (EBT) increased by 32.1%
from EUR 2.8 million to EUR 3.7 million. The reasons for this were, in
particular, higher depreciation and amortization in the previous year,
largely resulting from a take-over in the Affiliate Marketing segment in
2006. The net income in the first half of 2011 was EUR 1.9 million compared
with EUR 2.0 million in the corresponding period of the previous year,
which however still included a result of a discontinued operation amounting
to EUR 0.9 million. Earnings per share (EPS) remained stable at EUR 0.06.
In the operative business the network key financial indicators for both
marketplaces in Affiliate Marketing and Domain Trading could be further
improved. In Affiliate Marketing the number of partner programmes increased
by 13.2% and the number of participating websites increased by 6.7%. For
economic reasons, business was streamlined in the Domain Trading and Domain
Parking segment in the second quarter of 2011. As a result, the number of
tradeable domains on the platform was reduced to 14.7 million (previous
year´s figure: 16.7 million). The number of domains available for marketing
correspondingly declined to 5.4 million (previous year´s figure: 7.3
million). The number of registered members, in contrast, was increased by
18.2%.
In the second half of 2011, besides the development of the large customer
business, further internationalization in the Affiliate Marketing segment
is planned. Against this background and on the basis of the current market
conditions, the Management Board expects a doubling of the EBT to EUR 6.6
million and unchanged on 10% sales growth compared to the previous year´s
figures.
6-month comparison Jan. - June 2010 Jan. - June 2011 Change
in EUR million
Sales 56.6 62.9 11.1 %
EBITDA* 4.3 4.2 -2.3 %
EBT 2.8 3.7 32.1 %
Net income 2.0 1.9 -5.0 %
EPS 0.06 0.06
*EBITDA, i.e. The result of operating activities before depreciation and
amortization and writedowns on domains.
Marcus Schaps
Head of Press and Public Relations
Sedo Holding AG
Elgendorfer Straße 57
56410 Montabaur
Tel: +49 (0)2602/96-1319
Fax: +49 (0)2602/96-1013
E-Mail: presse-holding@sedo.com
15.08.2011 DGAP´s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: Sedo Holding AG
Im Mediapark 6
50670 Köln
Germany
Phone: +49 - (0)221 / 34030-560
Fax: +49 - (0)221 / 34030-564
E-mail: holding@sedo.com
Internet: www.sedoholding.com
ISIN: DE0005490155
WKN: 549015
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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