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CLIQ Digital AG publishes audited consolidated figures for 2014

DGAP-News: Cliq Digital AG / Key word(s): Final Results
CLIQ Digital AG publishes audited consolidated figures for 2014

21.04.2015 / 08:00

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CLIQ Digital AG publishes audited consolidated figures for 2014

- Total annual revenue at EUR 47.3 million (previous year: EUR 51.8
million)

- EBITDA increased by 91.7 percent to EUR 11.5 million (previous year:
EUR 6.0 million)

- Forecast 2015: double-digit increase in sales and double-digit growth
in revenue expected

Düsseldorf, April 21, 2015 - Die CLIQ Digital AG (ISIN DE000A0HHJR3, WKN
A0HHJR), a leading provider of games, apps, software and entertainment for
smartphones, tablets and desktops, has today announced its audited
consolidated financial results for the fiscal year 2014.

Development in revenue

In 2014, the company generated revenue of EUR 47.3 million (previous year:
EUR 51.8 million). Lower marketing spend in the final quarter of 2013 led
to a temporary decline in revenue in the first half of 2014. An increase in
marketing spend in the first half of 2014 not only halted this decline in
revenue, but also had resulted in a quarter over quarter increasing
revenues since the beginning of 2014. In the fourth quarter of 2014,
revenue increased compared to the previous quarter (Q3 2014: EUR 12.4
million) as well as against the fourth quarter of 2013 (Q4 2013: EUR 9.4
million) to EUR 12.9 million.

Development of earnings

Marketing spend increased by 9 percent in the 2014 financial year compared
to the previous year. Following changes in accounting estimates in 2014,
marketing spend for customer acquisition is recognised as an intangible
asset and amortised over the useful life of the customer relationship. As a
result, marketing spend is better assigned, in terms of timing, to the
revenue that results from it. Due to higher-margin marketing campaigns, the
restructuring of debt and optimisation of the Group's structure as well as
the changes in accounting estimates, EBITDA rose by 91.7 percent to EUR
11.5 million in 2014 (previous year: EUR 6.0 million). In the fourth
quarter of 2014 EBITDA amounted to EUR 3.1 million (Q4 2013: EUR 0.5
million).

In the past financial year net profit amounted to EUR 1.0 million (previous
year: EUR 1.0 million) and not EUR 1.9 million as originally stated when