Solid Rns...25 Oct 2013 08:53
25 October 2013
Mail.Ru Group Limited
Preliminary Trading Update for Q3 2013
25 October 2013. Mail.Ru Group Limited (LSE: MAIL, hereinafter referred as "the Company" or "the Group"), one of the largest Internet companies in the high-growth Russian-speaking Internet markets, today provides an update on the preliminary unaudited segment revenues for Q3 2013.
Q3 2013 Performance Highlights
u Q3 2013 Group aggregate segment revenue grew 32.9% Y-o-Y to RUR 6,599 million (9 month 2013 Group aggregate segment revenue grew 29.9% Y-o-Y)
u Net cash position as of 30 September 2013 was RUR 26,089 million
u Monthly audience (TNS Russia) of Mail.Ru portal in September 2013 reached 33.7 million Russian users
Key Recent Developments
u Support for third-party email accounts in Mail.Ru email web service and mobile apps for iOS and Android
u Public calendars with interesting information and events in Calendar.Mail.Ru (public holidays, sport events schedule, this day in history, etc.)
u New share box, option to unlike and ability to share posts and photos from groups are available on all mobile apps and mobile web of OK
u Favourites in OK - users can add posts from news feed to favourites
u Enhanced tools for viewing and managing photos in OK (view in a full-screen mode, move to another album and quickly delete photos)
u My World released iOS and Android apps optimized for tablets
u My World introduced groups in Android app and photo section in mobile web version
u Release of mobile game Jungle Heat on iOS (in addition to Android version)
u Launch of new mobile game Lucky Fields on Android
u Target.Mail.Ru launched mobile ad platform
u Target.Mail.Ru introduced cross-device targeting (desktop/mobile) and targeting by OK group members
u Significantly redesigned version of Amigo browser released
u Search.Mail.Ru now adds relevant news headlines on search result page for Ukraine and Kazakhstan
u New design of product listing and product info page in price comparison service Torg.Mail.Ru
u Mail.Ru group sold 2.4 mln shares on Qiwi SPO in October reducing its stake to 10.4% and raising gross proceeds of $73.2 mln
u Jan Bune, formerly senior audit partner at Deloitte NL is appointed to the board as an independent non executive director to replace Marcos Galperin who stands down effective 24(th) October.
Commenting on the Q3 revenue update, Dmitry Grishin, Co-Founder and CEO of Mail.Ru Group, said:
"I am pleased to report that our company has had another successful period with Mail.Ru Group meeting or exceeding key performance indicators, and hence delivering strong growth across all segments. Compared to Q3 2012, group revenue increased by 32.9% reaching 6,599 million, with 9 month 2013 group revenue growing by 29.9% Y-o-Y.
As in H1 contextual advertising continues to be strong supported by a continued focus on the Target product, and our solid market share in search