SoLocal Group 232 0 Kommentare Decrease of Q3 Internet Revenues -5% - Seite 3

The Company implemented an action plan aimaing to accelerate the short-term growth dynamic. Immediate cost cut has been initiated, enabling to save from the second half of the year 2017 and on a recurring basis, more than € 15m.
Furthermore, the Company pursued its divestment plan of non core Internet businesses (AVendreALouer, PagesJaunes Resto).

Despite this, the outlook for 2017 is revised downwards :

2017

former

outlook

new

outlook

Internet revenue growth :

+1% to +3%² around -1%²

EBITDA³ :

≥ € 200m ≥ € 190m

A new strategic plan will be presented on 15 February 2018.

IV. Upcoming events of the financial calendar

The upcoming events of the financial calendar are as follows :

22 November 2017 : Open house event dedicated to retail shareholders
15 February 2018 : Full year 2017 results & Investor day
9 March 2018 : Extraordinary General Assembly

¹ 2017 vs 2016 – ² 2017 vs 2016, scope : continued activities - ³ Recurring EBITDA, scope : continued activities

About SoLocal Group
SoLocal Group, European leader in local online communication, reveals local know-how, and boosts local revenues of businesses. The Internet activities of the Group are structured around two business lines: Local Search and Marketing Digital. With Local Search, the Group offers Internet services and solutions to clients which enable them to enhance their visibility and develop their local contacts. Thanks to its expertise, SoLocal Group earned the trust of some 490,000 clients of those services and over 2.4 billions of visits via its 4 flagship brands (PagesJaunes, Mappy, Ooreka and A Vendre A Louer) but also through its partnerships. With Marketing Digital, SoLocal Group creates and provides the best local and customised content about professionals. With over 4,400 employees, including a new orders force of 1,900 local communication advisors specialised in five verticals (Home, Services, Retail, Health & Public, BtoB) and Internationally (France, Spain, Austria, United Kingdom), the Group generated in 2016 revenues of 812 millions euros, of which 80% on Internet and ranks amongst the first European players in terms of Internet advertising revenues. SoLocal Group is listed on Euronext Paris (LOCAL). More information may be obtained at www.solocalgroup.com.