INTQ.L Regulatory News (INTQ)

InternetQ plc - H1 2015 Trading Update

PR Newswire

London, July 27

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

B2C - Digital entertainment

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 1101Panagiotis Dimitropoulos, CEO and Founder T: +30 697 811 7520Veronica Nocetti, Chief Financial Officer T: +30 694 420 5275

FTI Consulting LLPCharles Palmer / Chris Lane / Nicola Krafft / Karen Tang T: +44 (0)20 3727 1000

RBC Capital MarketsPierre Schreuder / Ema Jakasovic T: +44 (0)20 7653 4000

Canaccord GenuitySimon 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