Ad Pepper Media International N.V., - ad pepper media International N.V.: Double-digit growth in the third quarter
October 20, 2021 at 04:51 am EDT
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ad pepper media International N.V.: Double-digit growth in the third quarter
Nuremberg, Amsterdam, 19 October 2021
ad pepper Group, one of the leading performance marketing companies in Europe, achieved double-digit growth in the third quarter. Gross sales increased by around 20 percent to EUR 27,718k (Q3 2020: EUR 23,152k). Group revenue amounts to EUR 7,004k, which equates to around 17 percent growth (Q3 2020: EUR 6,011k). The revenue level achieved in Q3 2021 thus corresponds to the forecast for the third quarter of approximately EUR 7,000k, which had been announced along with the publication of the half-year results.
Growth was mainly driven by the Webgains segment with an increase of 33 percent to EUR 4,056k (Q3 2020: EUR 3,056k) and the ad agents segment, with an increase in revenue of 31 percent to EUR 2,240k (Q3 2020: EUR 1,707k). The ad pepper segment suffered a decline in revenue of 43 percent to EUR 708k (Q3 2020: EUR 1,248k).
Group EBITDA for the third quarter amounts to EUR 1,215k (Q3 2020: EUR 1,509k). The ad agents segment was able to increase its EBITDA to EUR 593k (Q3 2020: EUR 446k), while the Webgains segment generated EBITDA of EUR 1,049k in the third quarter (Q3 2020: EUR 894k) and the ad pepper segment achieved EBITDA of EUR 110k (Q3 2020: EUR 497k).
In the first nine months of the financial year, the Group generated gross sales of EUR 81,757k (Q1-Q3 2020: EUR 68,159k) and Group revenue of EUR 20,404k (Q1-Q3 2020: EUR 17,968k), corresponding to around 20 percent and 14 percent growth, respectively. EBITDA in the first nine months amounted to EUR 3,558k (Q1-Q3 2020: EUR 4,313k). The Group's operating costs were mainly driven by new hires in the ad agents and Webgains segments. In these segments, the headcount was raised by around 15 percent and 10 percent, respectively, compared to the previous year.
This means that overall, the trends already visible in the first half of the year continued in the third quarter: a strong performance of the ad agents and Webgains segments contrasted with a development of the ad pepper segment that remained below the prior-year levels. In an otherwise intact market environment with, in part, dynamic growth rates, we currently expect Group revenue to reach up to EUR 8,000k (Q4 2020: EUR 7,648k) in the upcoming quarter.
The report for the first nine months 2021 will be published on 18 November 2021.
Key figures (unaudited) in kEUR:
Q3 2021
Q3 2020
Q1-Q3 2021
Q1-Q3 2020
Gross sales
27,718
23,152
81,757
68,159
% growth
19.7
20.0
Revenue
7,004
6,011
20,404
17,968
% growth
16.5
13.6
of which ad pepper
708
1,248
2,874
4,129
% growth
-43.3
-30.4
of which ad agents
2,240
1,707
5,916
4,858
% growth
31.3
21.8
of which Webgains
4,056
3,056
11,614
8,981
% growth
32.7
29.3
EBITDA
1,215
1,509
3,558
4,313
of which ad pepper
110
497
849
1,703
of which ad agents
593
446
1,221
756
of which Webgains
1,049
894
2,905
3,062
of which admin
-537
-328
-1,417
-1,208
Liquid funds*
23,137
24,300
*including securities at fair value
For more information:
Dr Jens Körner (CEO)
ad pepper media International N.V.
+49 (0) 911 929057-0
ir@adpepper.com
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ad pepper media International NV published this content on 19 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2021 08:50:05 UTC.
Ad Pepper Media International NV is a Netherlands-based Company active in the advertising and marketing sector. The Company provides online services, strategies and solutions for interactive media, direct marketing and technology. Its activities are divided into three segments: ad pepper media, Webgains and ad agents. Display, performance, e-mail, affiliate and search-engine marketing, as well as semantic targeting and ad serving product groups cover the range of its online advertising formats. In addition to a regional, national and international marketing presence, Website partners receive a number of other products and services, such as branding, traffic analysis and performance optimization, provided by Ad Pepper Media International NV and its affiliated companies. As of December 31, 2011, the Company operated 17 subsidiaries, based in the Netherlands, Germany, Sweden, Denmark, the United Kingdom, France, Spain, the United States, Australia and Switzerland.