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ad pepper media achieved best result in company’s history


•  Turnover increases by 41.6 percent to EUR 41.7 million Euros

•  EBIT (earnings before interest and taxes) rises from 0.23 million euros to 5.8 million Euros

•  Operative cash flow grows nearly seven-fold to 3.1 million Euros

Nuremberg, Germany / Amsterdam, The Netherlands, March 28, 2007 
The Management Board of ad pepper media International N.V. today announces the company`s figures according to IFRS for fiscal year 2006. Compared to the previous year, ad pepper group was able to increase turnover by 41.6% to 41.69 million Euros. (Previous year: 29.44 million Euros.) Earnings before interest and taxes (EBIT) improved from 0.228 million Euros to 5.821 million Euros. Cash flow from operating activities rose by 575% to 2.14 million Euros. ad pepper was thus able to achieve the best results in its history to date.

An essential impulse for the strong EBIT was income generated by the sale of minority holdings in dMarc Broadcasting and Falk eSolutions at the beginning of 2006. One portion of the proceeds from these divestments was used for the strategic acquisitions of 100% in Crystal Reference Systems and Webgains, which are either currently being prepared for European rollout or are already successfully active on the market. Against this background, not insignificant investments were made in technology and in additional qualified personnel during the fourth quarter; these investments will fully start to pay off from the second half of the current fiscal year. Fourth quarter was also influenced by one-time-only effects in connection with the issuance of current stock option plan (approx. 0.8 million Euros) and additional provisions for doubtful accounts (approx. 0.8 million Euros). Overall, the company anticipates continued highly dynamic growth in turnover in 2007, combined with a significant improvement in operative earnings. Balance sheet structure remains extremely solid with an equity ratio of 76.9 percent as of December 31, 2006. Even after the acquisitions and investments in technologies made during the 2006 fiscal year, comfortable liquid funds of 22.7 million Euros still remain (compared to 17.5 million Euros on December 31, 2005).

The annual report will be published on March 30, 2007

2006 FY

2005 FY

Change

   
Turnover KEUR

41,692

29,440

42%

   
Gross margin KEUR

20,848

13,138

56%

   
   

 (49.1%)

 (44.6%)

     
Operating costs KEUR

14,664

12,910

14%

   
EBIT  KEUR 

5,821 

228 

2453%

   
Net gain KEUR

5,313

3,394

57%

   
Earnings/share (undiluted) EUR

0.42

0.32

32%

   

   

Cash and cash equivalents

KEUR

22,678

17,536

29%

   
Shareholders equity KEUR

50,853

43,941

16%

   
Total assets KEUR

66,130

 52,194

 27%

For further information:
Jens Körner (CFO)
ad pepper media International N.V.
Tel.: +49 (0) 911/ 929 057- 0
Fax: +49 (0) 911/ 929 057- 312
Email: ir@adpepper.com

 

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