DNXCORP SE
Luxembourg, 05/08/2015, 6 p.m.
DNXcorp has reported its revenue for the second quarter of 2015 ended 30 June:
in thousands of euros (IFRS) unaudited figures | Q2 2015 | Q2 2014 | Q2 2015 vs. Q2 2014 |
Entertainment and B2C Services | 10,542 | 11,562 | -8.8% |
e-Commerce Products | 1,003 | 1,181 | -15.1% |
B2B Payment Services | 182 | 114 | +59.5% |
TOTAL REVENUE | 11,728 | 12,857 | -8.8% |
in thousands of euros (IFRS) unaudited figures | H1 2015 | H1 2014 | H1 2015 vs. H1 2014 |
Entertainment and B2C Services | 20,670 | 23,368 | -11.5% |
e-Commerce Products | 2,601 | 2,725 | -4,6% |
B2B Payment Services | 324 | 298 | +8.9% |
TOTAL REVENUE | 23,595 | 26,391 | -10.6% |
Revenue in the second quarter came to €11.7m, down 8.8% against the previous financial year, and
relatively stable compared to the first quarter of 2015 (-1.2%).
The Entertainment and B2C Services business totalled €10.5m over the period, down 8.8% year-on- year, but up 4.3% compared to the first quarter of the year.
In contrast to the previous financial year, in 2015 these activities will be impacted by the new European directive, in force since 1 January, which increases the VAT rate applicable to online services. This VAT increase will have little impact on end users.
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The first major investments on the German webcam market in the second quarter have so far not produced the desired results. Penetrating this market will take time and perseverance. Marketing investments in the US market were put back to the third quarter.
The number of Online Dating subscribers rose during the quarter compared to 2014, but as the business is most affected by the VAT impact its revenues were down year-on-year.
The new social network Quintonic reached a major milestone during the quarter when its sales began to exceed investments made in marketing. Sales growth remains brisk month after month, with a target to reach profitability before the end of the year.
The e-Commerce Products business totalled €1.0, down 15.1% compared to the first quarter of 2014.
The Payment Services business increased by 59% year-on-year and by 27% sequentially, totalling
€182K over the quarter. The first B2B partners are technically integrated and began generating collection fee income at the end of the quarter. Most of the major signed partners will be integrated in the second half of the year, which precludes sustained business growth.
Next release: H1 2015 results
26 August 2015
DNXcorp is a European group that specialises in developing and enhancing internet audiences. It
brings together all of the key skills needed for web businesses: traffic generation, website and service development, cross-border payment solutions, streaming video, CRM analysis, and more. Thanks to this broad-based expertise, the Group has been able to successfully develop its own websites for dynamic markets (e-commerce, online dating, etc.) since 2000 and offer effective solutions allowing web retailers to maximise their income.
DNXcorp holds a European licence as an Electronic Money Issuer, and is also a licensed Payment Institution. The Group is based in Luxembourg and has several European subsidiaries, employs more than 120 people, and brought in revenue of €52m in 2014. DNXcorp has been listed on the stock exchange since 2007 (NYSE Euronext Paris, compartment C).
Ticker symbol: DNX ISIN: FR0010436584
Company website: www.dnxcorp.com
Contact: corporate@dnxcorp.com
Tel.: + 352 27 00 28 00
ACTIFINCharlène Masson - Press relations
Tel.: 01 56 88 11 28 / cmasson@actifin.fr Stéphane Ruiz - Analyst and investor relations Tel.: + 331 56 88 11 11 / sruiz@actifin.fr
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