DGAP-Adhoc
SINNERSCHRADER: FOCUS ON AGENCY BUSINESS / RESTRUCTURING OF NEXT AUDIENCE / ACQUISITION OF ANOTHER MOBILE SPECIALIST
SinnerSchrader AG / Key word(s): Restructure of Company/Acquisition
29.06.2015 00:10
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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After having reviewed the business of the last three months, the Management
and Supervisory Boards have decided to restructure the NEXT AUDIENCE
business and its cost structure geared towards an independent development
of the business, in particular, by reducing personnel capacity. For the
remaining reduced business, SinnerSchrader AG will investigate options
including a sale or a formation of a joint venture with a partner.
Sales of the NEXT AUDIENCE platform fell well short of expectations. In
addition, due to a merger integration process, a substantial client is
obliged to switch to a different solution by the end of September 2015.
The NEXT AUDIENCE platform is an integrated technology solution for
Programmatic Media in accordance to German data protection regulations,
consisting of an ad server and a Data Management (DMP) component. Core of
the platform is a proprietary in-memory database technology that uses all
digital user interactions including CRM data for real-time optimisation of
personalised display advertising. Since its completion in August 2014, the
technology has proven itself with various advertisers. The intelligent use
of website and CRM data by the NEXT AUDIENCE platform, helped to improve
the efficiency of select online campaigns by more than 50 per cent.
At the same time the Supervisory Board approved the acquisition of Swipe
GmbH, Hamburg, which will be completed in the coming days. As a specialist
in mobile content, Swipe GmbH - founded by Jürgen Alker and Sven Schmiede -
strengthens the mobile services offering of SinnerSchrader. The acquisition
reflects the growing importance of mobile marketing solutions in the
context of digital transformation.
Swipe GmbH generated revenues of EUR 1.45 million in 2014 with an operating
profit of almost EUR 0.19 million. The compensation consists of cash and
SinnerSchrader treasury stock under lock-up in the equivalent just under
EUR 1 million in total.
Revenue and earnings of the SinnerSchrader Group for fiscal 2014/2015 are
expected to move in line with guidance from April 2015 - subject to one-off
charges resulting from possible adjustments at NEXT AUDIENCE. Detailed
information about the business performance in the third quarter of
2014/2015, which ended on 31 May 2015, and the outlook for the entire
fiscal year will be announced in the quarterly reporting on 15 July 2015.
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Information and Explaination of the Issuer to this News:
CONTACT FOR PRESS AND PUBLIC RELATIONS
Benjamin Nickel
Head of Corporate Communications
presse@sinnerschrader.com
CONTACT FOR SHAREHOLDER INFORMATION
Thomas Dyckhoff
CFO
ir@sinnerschrader.com
SinnerSchrader Aktiengesellschaft
Völckersstraße 38
22765 Hamburg
T. +49. 40. 39 88 55-0
F. +49. 40. 39 88 55-55
29.06.2015 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: SinnerSchrader AG
Völckersstraße 38
22765 Hamburg
Germany
Phone: +49 (0)40 39 88 55-0
Fax: +49 (0)40 39 88 55-55
E-mail: ir@sinnerschrader.com
Internet: www.sinnerschrader.com
ISIN: DE0005141907
WKN: 514190
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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and Supervisory Boards have decided to restructure the NEXT AUDIENCE
business and its cost structure geared towards an independent development
of the business, in particular, by reducing personnel capacity. For the
remaining reduced business, SinnerSchrader AG will investigate options
including a sale or a formation of a joint venture with a partner.
Sales of the NEXT AUDIENCE platform fell well short of expectations. In
addition, due to a merger integration process, a substantial client is
obliged to switch to a different solution by the end of September 2015.
The NEXT AUDIENCE platform is an integrated technology solution for
Programmatic Media in accordance to German data protection regulations,
consisting of an ad server and a Data Management (DMP) component. Core of
the platform is a proprietary in-memory database technology that uses all
digital user interactions including CRM data for real-time optimisation of
personalised display advertising. Since its completion in August 2014, the
technology has proven itself with various advertisers. The intelligent use
of website and CRM data by the NEXT AUDIENCE platform, helped to improve
the efficiency of select online campaigns by more than 50 per cent.
At the same time the Supervisory Board approved the acquisition of Swipe
GmbH, Hamburg, which will be completed in the coming days. As a specialist
in mobile content, Swipe GmbH - founded by Jürgen Alker and Sven Schmiede -
strengthens the mobile services offering of SinnerSchrader. The acquisition
reflects the growing importance of mobile marketing solutions in the
context of digital transformation.
Swipe GmbH generated revenues of EUR 1.45 million in 2014 with an operating
profit of almost EUR 0.19 million. The compensation consists of cash and
SinnerSchrader treasury stock under lock-up in the equivalent just under
EUR 1 million in total.
Revenue and earnings of the SinnerSchrader Group for fiscal 2014/2015 are
expected to move in line with guidance from April 2015 - subject to one-off
charges resulting from possible adjustments at NEXT AUDIENCE. Detailed
information about the business performance in the third quarter of
2014/2015, which ended on 31 May 2015, and the outlook for the entire
fiscal year will be announced in the quarterly reporting on 15 July 2015.
---------------------------------------------------------------------------
Information and Explaination of the Issuer to this News:
CONTACT FOR PRESS AND PUBLIC RELATIONS
Benjamin Nickel
Head of Corporate Communications
presse@sinnerschrader.com
CONTACT FOR SHAREHOLDER INFORMATION
Thomas Dyckhoff
CFO
ir@sinnerschrader.com
SinnerSchrader Aktiengesellschaft
Völckersstraße 38
22765 Hamburg
T. +49. 40. 39 88 55-0
F. +49. 40. 39 88 55-55
29.06.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: SinnerSchrader AG
Völckersstraße 38
22765 Hamburg
Germany
Phone: +49 (0)40 39 88 55-0
Fax: +49 (0)40 39 88 55-55
E-mail: ir@sinnerschrader.com
Internet: www.sinnerschrader.com
ISIN: DE0005141907
WKN: 514190
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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