DGAP-News 904 0 Kommentare CLIQ Digital AG: Adjustment of its preliminary results published on 23 February 2015 due to post balance sheet event (December 31, 2014).Cliq Digital AG:

Cliq Digital AG / Key word(s): Preliminary Results

13.04.2015 07:22

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CLIQ Digital AG: Adjustment of its preliminary results published on 23
February 2015 due to post balance sheet event (December 31, 2014).

- Revenue and EBITDA 2014 unaffected
- Negative effect on Net Income 2014 EUR 0.8 million.
- Delay of publishing the final annual accounts with 8 days
- Positive start into financial year 2015: increase in revenues expected

Düsseldorf, April 13, 2015 - CLIQ Digital AG (ISIN DE000A0HHJR3, WKN
A0HHJR), a leading provider of games, apps, software and entertainment for
smartphones, tablets and desktops, has today announced that her technical
service provider in Mexico was disconnected by leading mobile operator
Telcel. Consequently CLIQ Digital is no longer able to provide its
customers with services in Mexico. The separation of the technical service
provider was done entirely unexpected for all customers of the service
provider. The Management Board seeks to clarify the current situation and
examines alternative sales opportunities.

Although the auditors of CLIQ Digital AG were about to finalize their audit
work on 2014 financials, this event (after balance sheet date) could not be
ignored. Since the Management Board cannot oversee whether the technical
service provider in Mexico will be re-connected, the decision was taken to
set an impairment loss on the full marketing asset related to the customer
acquisition in 2014 in Mexico. The negative effect on Net Income for 2014,
compared to the preliminary figures communicated on 23/2/2015, is expected
to be EUR 0.8 million. Therefore, the expected net profit in the past
financial year amounts to EUR 1.0 million (previous year: EUR 1.0 million).
Revenue and EBITDA figures for 2014 remain unaffected from this event.
According to preliminary figures CLIQ Digital generated revenues of EUR
47.3 million (2013: EUR 51.8 million), EBITA increased by 91.7% to EUR 11.5
million (2013: EUR 6.0 million). The auditors are currently reviewing the
adjusted accounts 2014.

The disconnection of the technical facilitator will also have an impact on
the 2015 figures. CLIQ Digital strives to publish the 1st quarter 2015
figures sooner than the originally scheduled date May 21, 2015 in order to
inform the market about the financial impact of the disconnection. Despite
the negative development on the Mexican market CLIQ Digital expects to
increase its revenues in the first quarter of 2015 compared to the previous
quarter.

Due to this unexpected event, the publication of the annual final figures
for the 2014 financial year and further information on guidance for 2015
with its full 2014 annual report is delayed from 13 April 2015 to 21 April
2015.

About CLIQ Digital:

Cliq Digital is a leading provider of games, apps, entertainment and
software for smartphones, feature phones, tablets and desktops. The core
business of the company is the direct marketing of its products to
end-customers via online- and mobile-marketing channels. CLIQ Digital
offers its customers attractive products and is a valuable strategic
business partner for developers, publishers and advertisers. The company,
based in Dusseldorf employs approximately 95 staff and is listed in the
Entry Standard of the Frankfurt Stock Exchange (ISIN DE000A0HHJR3). Visit
CLIQ on: www.cliqdigital.com.

Contact:

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Freihamer Strasse 2
D-82166 Graefelfing/Munich
Tel.: +49 (0)89 89 82 72 27
Fax: +49 (0)89 89 52 06 22
E-Mail: sh@crossalliance.de

13.04.2015 The DGAP Distribution Services include Regulatory Announcements,
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