DGAP-Adhoc

ad pepper media International N.V.:

ad pepper media International N.V. / Key word(s): Preliminary Results/Preliminary Results

02.03.2015 12:28

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The issuer is solely responsible for the content of this announcement.

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ad pepper media International N.V.: Preliminary/unaudited figures for 2014
financial year

Nuremberg, Amsterdam, March 02, 2015

Sales at the ad pepper group decreased to EUR 47,281k in the 2014 financial
year, equivalent to a 4.7 percent reduction compared with the previous year
(2013: EUR 49,627k). On a like-for-like basis, i.e. excluding activities
sold or discontinued in 2013, sales growth amounted to 8.9 percent.
The key growth driver was the Webgains segment, which boosted its sales by
20.5 percent to EUR 30,713k (2013: EUR 25,498k). Webgains thus exceeded the
EUR 30 million mark for the first time. The ad agents segment also reported
sales growth of EUR 433k, or 6.2 percent to EUR 7,417k (2013: EUR 6,984k).
By contrast, the ad pepper media segment witnessed a substantial downturn
in sales. The like-for-like reduction amounted to EUR 1,821k, or 16.7
percent (2013: EUR 10,806k).
The group's gross profit fell to EUR 16,131k (2013: EUR 20,701k). The
like-for-like figure of EUR 16,122k more or less matched the previous
year's figure (2013: EUR 16,151k).
Operating expenses at the ad pepper media group decreased by 18.6 percent
to EUR 20,070k (2013: EUR 24,664k).
Earnings before interest and taxes (EBIT) for the past financial year thus
amounted to EUR -3,940k (2013: EUR 4,690k). The previous year's figure
included positive one-off items of EUR 8,653k in connection with the sale
of shareholdings.
Earnings before interest, taxes, depreciation and amortization (EBITDA)
totaled EUR -3,729k in the past financial year (2013: EUR 4,964k). Earnings
before taxes (EBT) amounted to EUR -5,225k in 2014 (2013: EUR 5,293k). The
financial result includes an impairment loss of EUR 1,398k for the
write-down of our minority interest in Brand Affinity Technologies. At EUR
-5,335k, net income for the period was also clearly negative (2013: EUR
5,097k).
Given an efficiency enhancement and cost-cutting program resolved and
implemented in the fourth quarter of 2014, we expect our operating expenses
in the current financial year to drop by around EUR 2 million compared to
the 2014 figure.
Liquid funds (including securities measured at fair value and time deposits
amounted to EUR 19,639k (December 31, 2013: EUR 21,702k).

The 2014 Annual Report will be published on March 23, 2015.

Key figures (unaudited) for 2014 / 2013:

                                     FY 14         FY 13         % change
Sales                EUR 000s        47,281        49,627        -4.7
Gross profit         EUR 000s        16,131        20,701        -22.1
EBITDA               EUR 000s        -3,729        4,964         < -100.0
EBIT                 EUR 000s        -3,94         4,69          < -100.0
EBT                  EUR 000s        -5,225        5,293         < -100.0
Liquid funds*        EUR 000s        19,639        21,702        -9.5
Equity               EUR 000s        16,296        24,575        -33.6
Total assets         EUR 000s        30,290        36,262        -16.5

*including securities measured at fair value

For further information:
Dr. Jens Körner (CFO)
ad pepper media International N.V.
Tel.: [phone]
Fax: [phone]
E-mail: [e-mail]


02.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: ad pepper media International N.V.
Prins Bernhardplein 200
1101 CB Amsterdam
Netherlands
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.adpepper.com
ISIN: NL0000238145
WKN: 940883
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart

End of Announcement DGAP News-Service

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