PRESS RELEASE : CLIQ Digital on its way to a next record-breaking year and guides to further strong profitable growth in 2021

DGAP-News: Cliq Digital AG / Key word(s): Annual Report 
CLIQ Digital on its way to a next record-breaking year and guides to further strong profitable growth in 2021 
2021-03-17 / 07:30 
The issuer is solely responsible for the content of this announcement. 
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Corporate News 
17 March 2021 
CLIQ Digital on its way to a next record-breaking year and guides to further strong profitable growth in 2021 
- 2020 audited consolidated financial statements confirm preliminary figures released on 9 February 
- All company targets exceeded thanks to structural growth drivers 
- Net result for 2020: EUR10.4m (PY: EUR3.9m) up by 168%; EPS: EUR1.16 (PY: EUR0.36) 
- Dividend of EUR0.46 (PY: EUR0.28) per share to be proposed to AGM 
- Strong outlook supports profitable growth strategy 
CLIQ Digital AG (CLIQ.DE, ISIN: DE000A0HHJR3, WKN: A0HHJR), a leading digital lifestyle company, which provides 
streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, games, sports and 
movie content, publishes today its annual report 2020 including the outlook for 2021 and announces its dividend 
proposal. 
Statement from Luc Voncken, CEO: 
"2020 was a breakout year for CLIQ - a real game changer. Our growth resulted first and foremost from our business 
strategy and its execution and is structural. With our strategic shift in media buying from affiliate marketing to our 
own, direct buying team and the investments made in our streaming content services, we laid the foundation for a 
sustainable growth path." 
The audited 2020 financials are in line with the preliminary results announced on 9 February 2021: Sales and EBITDA 
grew against prior year by 69% to EUR107.0m and 177% to EUR15.9m respectively. The EBITDA margin was 15% p.a. (in per cent 
of gross revenue) and the annual marketing spend was EUR34.2m (PY: EUR22.2m). The net result for the period increased by 
168% to EUR10.4m and earnings per share amounted to EUR1.16. According to the company's dividend policy (40% payout ratio), 
the Management and Supervisory Boards propose distributing a dividend per share of EUR0.46 (PY: EUR0.14 basic dividend and 
EUR0.14 bonus dividend distributed) to the next Annual General Meeting on 29 April 2021. 
 
 
 
 in millions of EUR  2019 2020  Change 
 
 Gross revenue     63.1 107.0 +69% 
 
 Net revenue       44.3 81.5  +84% 
 
 Marketing spend   22.2 34.2  +54% 
 
 EBITDA            5.8  15.9  +177% 
 
 Net result        3.9  10.4  +168% 
 
 EPS (in EUR)        0.36 1.16  +222% 
 

CLIQ Digital's strong balance sheet reported an equity ratio increase to 72% (PY: 68%) and a net cash position of EUR0.9m against a net debt position of -EUR9.6m as at the year-end closing 2019. The strong cash inflow from operations in particular led to a positive free cash flow of EUR10.5m notwithstanding the dividend payment of EUR2.1m.

Outlook 2021: Based on CLIQ Digital's successful business strategy, the company is expecting to increase its gross revenue to at least EUR140m in FY 2021 on the back of approximately EUR46m marketing spend and thereby generate an EBITDA of around EUR22m, which results in a margin of c.16% p.a.

Statement from Ben Bos, member of the Management Board: "We firmly believe that consumer habits and behaviour with regards to the demand and consumption of digital entertainment are truly sustainable and will fully support CLIQ's growth plans going forward. One of the biggest growth drivers in 2021 will continue to be our All-in-One offering to all our members, which will be further rolled out around the world. CLIQ Digital will continue to strive for operational excellence and focus on improving and expanding its streaming entertainment services. We are well on track to gain more market share and grow our business to the next level."

For more information, please refer to our Annual Report 2020 and join today's earnings call with corresponding slides deck.

Earnings call details: Management Board member, Ben Bos, will present CLIQ Digital's FY 2020 financial results and FY 2021 outlook during an audio conference call. This earnings call will commence today at 2.00 p.m. CET and be conducted in English.

To attend the call, participants are required to register by clicking on the link below and will then receive personalised dial-in details:

https://us02web.zoom.us/webinar/register/WN_VbARpPKrQwq-_gwJZntoLg

Management will answer questions submitted via email to [e-mail] no later than 60 minutes prior to the call. A recording of the webcast will be available following the call at https://cliqdigital.ag/investors/ financials.

Financial calendar 2021:

 
 
 Annual General Meeting                         Thursday 29 April 2021 
 
 1Q 2021 Financial Statement & earnings call    Thursday 6 May 2021 
 
 2Q/6M 2021 Financial Statement & earnings call Tuesday  3 August 2021 
 
 3Q/9M 2021 Financial Statement & earnings call Tuesday  2 November 2021 
 

For further information, please contact

CLIQ Digital AG

Investor Relations Sebastian McCoskrie | Michael Kriszun Mob.: [phone] | [phone] E-Mail: [e-mail] | [e-mail] www.cliqdigital.com

CROSS ALLIANCE communication GmbH (PR adviser) Susan Hoffmeister Tel.: [phone] E-Mail: [e-mail] www.crossalliance.de

About CLIQ Digital:

CLIQ Digital (www.cliqdigital.com) is a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, games, sports and movie content. The company has a long-standing and successful history in expert digital marketing and offering niche products for the mass market at competitive prices. CLIQ Digital operates in over 30 countries and employs staff of 100 from 29 different nationalities as at 31 December 2020. The company is a valuable strategic business partner for networks, content producers as well as for publishers and payment service providers. CLIQ Digital is headquartered in Düsseldorf and has offices in Amsterdam, London, Paris, Barcelona and Tequesta, Florida. The company is listed in the Scale segment of the Frankfurt Stock Exchange (ISIN DE000A0HHJR3) and is a constituent of the MSCI World Micro Cap Index. -----------------------------------------------------------------------------------------------------------------------

2021-03-17 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------

Language:     English 
Company:      Cliq Digital AG 
              Immermannstr. 13 
              40210 Düsseldorf 
              Germany 
E-mail:       [e-mail] 
Internet:     www.cliqdigital.com 
ISIN:         DE000A0HHJR3 
WKN:          A0HHJR 
Indices:      Scale 30 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, 
              Tradegate Exchange 
EQS News ID:  1176020 
 
End of News   DGAP News Service 
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1176020 2021-03-17

(END) Dow Jones Newswires

March 17, 2021 02:32 ET (06:32 GMT)