28 July 2015
For immediate release
INTERNETQ PLC
('InternetQ', the 'Group' or the 'Company')
H1 2015 Trading
Update
Solid first half with increased revenue and EBITDA on prior
year,
driven by growth in performance-based ad campaigns
InternetQ plc (LSE-AIM: INTQ), a leading provider of
mobile marketing and digital entertainment solutions for mobile
network operators and brands, announces the following trading
update for the six months ended 30 June
2015.
Financial update
InternetQ achieved continued growth across all business
divisions during the first half of 2015. Revenue increased to c.
€72 million (2014: €65.1 million), a 10% year-on-year (“YoY”)
revenue improvement, even when compared to a particularly strong
performance in H1 2014. Revenues were mainly fuelled by growth at
Minimob, displacing the legacy Mobi-Dialogue business which has
much lower margins. Adjusted EBITDA increased by approximately 35%,
against the comparable prior year period, to over €13 million.
EBITDA margins increased to approximately 18% reflecting higher
margins in Minimob and maturity of the Akazoo model.
The Company has a strong pipeline with good visibility for the
coming six months and is on track for even better growth in the
historically stronger second half. The Company remains confident
for full year results to be in line with market expectations.
Operational highlights
B2B - Mobile marketing
- Increased traction for Minimob with new contracts secured with
global brands, including Delivery Hero, a Rocket-Internet
food-ordering service; Lazada, Southeast
Asia's number one online shopping and e-commerce platform;
and Bravofly, a flight search engine.
- Over 15,000 new performance-based ad campaigns ran through
Minimob.
- Successful mobile marketing campaigns with leading operator
Claro in Paraguay, CellC in
South Africa and Zain in
Bahrain.
B2C - Digital entertainment
- Process of integrating Akazoo and R&R Music’s operations
already underway.
- Strong traction and performance of Akazoo in SE Asia with growth rate in regional
subscriber count exceeding 20%.
- Post period end, successfully secured €17 million investment in
Akazoo by a consortium led by Toscafund Asset Management LLP and
Penta Capital LLP, with the addition of R&R Music Ltd into the
Group.
Panagiotis
Dimitropoulos, Founder and Chief Executive Officer of
InternetQ, said:
“I am pleased to report increased
revenue and EBITDA on the prior year across both the B2B and B2C
business divisions. Our investment in improving the functionality
of the Minimob platform is paying off, with significant growth in
app campaigns and the attraction of new global clients.
The first half of 2015 has also been
exciting for Akazoo with the closing of the recent investment led
by Toscafund and Penta Capital and the addition of R&R Music
into the Group.
InternetQ is entering the
historically busier second half of the year from a position of
greater strength. We see greater momentum in the mobile marketing
business and are set to drive synergies and serve new geographies
in the digital entertainment business. We have a solid pipeline
with good visibility and continue to invest in further growth.”
Interim results for the six months ended 30 June 2015 will be announced on 30 September 2015.
ENDS
For further
details:
InternetQ
T: +44 (0)20 3519 5250 / +30 211 101 1101
Panagiotis Dimitropoulos, CEO and
Founder
T: +30 697 811 7520
Veronica Nocetti, Chief Financial
Officer
T: +30 694 420 5275
FTI Consulting LLP
Charles Palmer / Chris Lane / Nicola
Krafft / Karen Tang T: +44 (0)20 3727 1000
RBC Capital Markets
Pierre Schreuder / Ema
Jakasovic
T: +44 (0)20 7653 4000
Canaccord Genuity
Simon Bridges / Emma
Gabriel T:
+44 (0)20 7523 8000
About InternetQ
plc:
InternetQ is a leading digital content and mobile
marketing services company with operations spanning Asia, Europe,
Africa and the Americas. It offers
proprietary technology platforms to help mobile network operators,
brands, and media companies to conduct targeted, interactive and
measurable marketing initiatives on mobile devices. Its mobile
value added services include Akazoo, which allows
consumers to purchase digital music content
and Minimob, its smart mobile marketing and advertising
platform to conduct effective and measurable campaigns on mobile
phones and achieve user engagement and app monetization. All
of InternetQ’s products are underpinned by the rapid global growth
in smart devices and the thriving app economy.
InternetQ is a publicly traded company listed on the AIM
market of the London Stock Exchange, under the symbol INTQ. For
investor related queries, please email: ir@internetq.com