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 an excellent performance in the first half. As a result, the Company expects to exceed current market expectations delivering annual revenues of at least $88.0 million and adjusted EBITDA of at least $27.5 million. This strong performance represents growth of approximately 73 per cent. and 62 per cent. respectively compared to FY 2014.
During 2015 the Group has made continued progress on the execution of its strategic plan, as demonstrated through the acquisitions of performance marketing company, Marmar Media and the acquisition of bolt on publishing assets. Furthermore, EDM, the social and mobile gaming marketing company which the Group acquired in September 2014, is also performing strongly. XLMedia has benefitted from its increased scale and the addition of further clients increasing the Group’s client base and its marketing channels. The Group has seen further benefits through the increase in its geographic presence mainly in North America, UK and Europe.
The Group’s strong organic growth combined with the successful integration of the recent acquisitions positions 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 pleased with the strong financial performance that the Group is delivering and look forward to updating the market on our full year results for 2015.”
For further information, contact:
Tel: 020 8817 5283
Jeremy Garcia / Fiona Henson
Tel: 020 7016 9570
Cenkos Securities plc (Nomad and Joint Broker)
Ivonne Cantu / Camilla Hume
Tel: 020 7397 8900
Liberum (Joint Broker)
Tel: 020 3100 2000