Earnings Release • Jan 19, 2016
Earnings Release
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RNS Number : 2465M
XLMedia PLC
19 January 2016
| For immediate release | 19 January 2016 |
XLMedia PLC
("XLMedia" or "the Group" or "the Company")
Trading update
Year-end performance expected to exceed market expectations
XLMedia (AIM: XLM), a leading provider of digital performance marketing services, announces the following trading update for the financial year ending 31 December 2015.
The Group has continued to deliver strong growth in the second half of 2015, building on the excellent performance in the first half as well as the addition of Marmar Media acquired in July 2015. As a result the Company expects to exceed current market expectations delivering annual revenues of at least $88.6 million and adjusted EBITDA of at least $28.2 million. This strong performance represents growth of approximately 75 per cent. and 66 per cent. respectively, compared to FY 2014.
During 2015 the Group has made continued progress on the execution of its strategic plan, benefitting from its increased scale, clients base and marketing channels. The Group has also seen further benefits through the increase in its geographic presence as well as from the successful integration of the acquired businesses.
The Group expects to continue with its strategy of increasing scale and diversification, while focusing on enhancing its technological edge. We will continue to invest in technology in 2016 to further develop our in-house systems and infrastructure.
The Board believes that the Group's strong growth, combined with its technological abilities, position the Company well to further develop the business. Accordingly, the Board remains confident of the Company's future prospects.
Ory Weihs, Chief Executive Officer, commented:
"We are extremely proud of last year's strong financial performance and the achievements we made in the period in terms of innovation and our technology. The board would like to take this opportunity to thank our staff for the excellent results delivered. We look forward to providing a more detailed update when we report the Company's full year results for the year ended 31 December 2015 in March."
For further information, contact:
| XLMedia plc Ory Weihs [email protected] www.xlmedia.com |
Tel: 020 8817 5283 |
| Vigo Communications Jeremy Garcia / Fiona Henson www.vigocomms.com |
Tel: 020 7016 9570 |
| Cenkos Securities plc (Nomad and Joint Broker) Ivonne Cantu / Camilla Hume www.cenkos.com |
Tel: 020 7397 8900 |
| Liberum (Joint Broker) Neil Patel / Chris Clarke www.liberum.com |
Tel: 020 3100 2000 |
This information is provided by RNS
The company news service from the London Stock Exchange
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