DGAP-News
Fyber N.V.: Annual Report 2016 - Outgrowing the market at 69% growth based on continuous strong performance of programmatic & video
DGAP-News: Fyber N.V. / Key word(s): Final Results/Statement
Fyber N.V. |
- Strong programmatic and video business activity resulted in an increase in pro-forma gross revenues of +68.9% to EUR218.1m compared to EUR129.1m in 2015 - outperformed guidance, raised twice during the year
- Improved 2016 adj. EBITDA result by 6.4m to -EUR5.8m. vs. 2015. Q4 adjusted EBITDA close to break-even at -EUR0.5m
- Completed acquisitions of mobile mediation provider Heyzap and real-time bidding mobile exchange Inneractive, significantly expanding the group's product offering and global reach
- All preliminary data communicated in April confirmed during the audit process
- Successfully delivered on the growth strategy set out in 2015
- Expanded focus of programmatic trading and video advertising
- Revenues from programmatic trading and real-time bidding grew by almost 3x from 2015, accounting for 59% of the group's gross revenues
- Video revenues increased by almost 2.8x over 2015, representing 44% of the Company's total revenues
- HY1 2017 revenue growth above 25% to more than EUR119m proves continued strength and leads to Q2'17 adjusted EBITDA profitability of more than EUR1.2m, while still negative on aggregate for HY1
Key Financials
12 months ended 31 December | |||
Pro-forma figures1 | 2016 (EURm) | 2015 (EURm) | Change (%) |
Revenue | 218.1 | 129.1 | 68.9% |
Gross margin (%) | 28.6% | 31.5% | -2.9pp |
Adjusted EBITDA2 | -5.8 | -12.1 | 52.4% |
Adjusted loss after tax2 | -22.1 | -14.9 | -48.0% |