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Trading Update

20 Jan 2014 07:00

InternetQ plc - Trading Update

InternetQ plc - Trading Update

PR Newswire

London, January 17

For immediate release 20 January 2014 INTERNETQ plc ("InternetQ" or "the Group") Trading Update InternetQ PLC, a leading provider of mobile marketing and digital entertainmentsolutions today issues the following trading update for the 12 months ended 31December 2013. InternetQ has continued to deliver strong growth during 2013, with revenuesincreasing by nearly 40% to over €100 million. Margins improved in the secondhalf of the year, driving annual adjusted EBITDA over €16.1 million andafter-tax adjusted profitability to the order of €10 million. These figures arein line with market expectations. The Group's strong performance continues to be driven by its core MobileMarketing and Mobile Entertainment activities, including InternetQ's socialmedia and entertainment platform Akazoo. The key regions of growth are Asia,Africa and increasingly, Latin America - where mobile marketing and mobileentertainment services are firmly established as a powerful customeracquisition tool. Akazoo continues to attract significant demand from globalmedia and mobile telecoms providers looking to offer high-quality musicstreaming services. Minimob is also gathering momentum and has found widespreaddistribution and profile in the booming App economy. InternetQ maintains a strong balance sheet with cash at year-end in excess of €12.5 million, as at 31 December 2013. Trade receivables were lower than theprior year and cash generated from operations was close to €12 million(compared to €1.5 million for 2012). This solid financial position providessufficient capacity to support future growth, especially as smartphone adoptionand usage becomes commonplace across multiple emerging and developed markets. InternetQ GmbH (formerly Atlas Interactive, which was acquired in July 2013)continues to trade well following its successful integration. Executivemanagement remains confident that the combination of its expansive Europeanfootprint and connectivity agreements with Mobile Network Operators worldwidewill create significant cross selling opportunities. Active discussions with anumber of new and existing customers are progressing as a result of theacquisition. InternetQ will announce its full year results for the 12 months ended 31December 2013 on 8 April 2014. For further details: InternetQ Tel: +44 (0) 20 3519 5250 / +30 (211) 101 1101 Panagiotis Dimitropoulos, Founder and CEO Tel: +30 (697) 811 7520 Veronica Nocetti, Chief Financial Officer Tel: +30 (694) 420 5275 Buchanan Jeremy Garcia / Gabriella Clinkard Tel: +44 (0)20 7466 5000 RBC Capital Markets Stephen Foss / Pierre Schreuder Tel: +44 (0)20 7653 4000 Canaccord Genuity Simon Bridges / Cameron Duncan Tel: +44 (0)20 7523 8000 About InternetQ plc: InternetQ is a leading digital content and mobile marketing services companywith operations spanning Asia, Europe, Africa and the Americas. It offersproprietary technology platforms to help mobile network operators, brands, andmedia companies to conduct targeted, interactive and measurable marketinginitiatives on mobile devices. Its mobile value added services include Akazoo,which allows consumers to purchase digital music content, MobiDialog, itsplatform for mobile operators to manage marketing campaigns with predictiveanalytics, and Minimob, a platform providing developers with the most advancedtools to cross-promote and monetize their apps. All underpinning the rapidglobal growth in smart devices and the thriving app economy. InternetQ is a publicly traded company listed on the AIM market of the LondonStock Exchange, under the symbol INTQ.

For investor related queries, please email: ir@internetq.com

Date   Source Headline
28th Nov 20121:30 pmRNSHolding(s) in Company
26th Nov 20124:53 pmRNSDirector's Dealings
15th Nov 20123:05 pmRNSIssue of Equity
24th Oct 20127:00 amRNSDirectorate Change
15th Oct 20124:44 pmRNSIssue of Equity
26th Sep 20127:00 amRNSIssue of Equity
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5th Sep 201211:39 amRNSNotification of Interim Results
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30th Jul 20122:18 pmRNSTotal Voting Rights
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29th Jun 20123:13 pmRNSResult of AGM
31st May 201210:08 amRNSAnnual Report and Notice of AGM
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10th May 201210:16 amRNSIssue of Shares under Share Incentive Plan
26th Apr 20126:15 pmRNSAward of Shares under Share Incentive Plan
24th Apr 20129:16 amRNSAppointment of Non - Executive Director
20th Apr 201212:27 pmRNSDirector Shareholding
12th Apr 20127:00 amRNSNew Business Pipeline
3rd Apr 20124:00 pmRNSIssue of Equity and Director Dealing
2nd Apr 20127:00 amRNSAudited Results for Year Ended 31 December 2011
17th Feb 20122:32 pmRNSIssue of Equity
6th Feb 201212:03 pmRNSHolding(s) in Company
1st Feb 20127:00 amRNSInvestment in Aventurine
25th Jan 20127:00 amRNSNotification of Preliminary Results
4th Jan 20127:00 amRNSMajor mobile wins in the Southeast Asia Markets
14th Dec 20117:00 amRNSTrading Update
5th Oct 20117:00 amRNSSuccessful Settlement of Litigation
29th Sep 20117:57 amRNSLaunch of Akazoo 2.0
21st Sep 20119:38 amRNSChange of Name of Broker
12th Sep 20117:00 amRNSHalf Yearly Report
8th Aug 201110:45 amRNSHolding(s) in Company
13th Jul 20117:00 amRNSTrading update
4th Jul 20117:00 amRNSCompletion of IPOP acquisition
28th Jun 201111:26 amRNSResult of AGM
22nd Jun 201112:49 pmRNS£12 million Conditional Placing
15th Jun 20112:57 pmRNSHolding(s) in Company
9th Jun 201111:06 amRNSIssue of Equity and Director's Dealing
8th Jun 20117:05 amRNSAcquisition of i-POP Networks
24th May 20117:00 amRNSAnnual Report and Notice of AGM
27th Apr 20112:35 pmRNSIssue of Equity
26th Apr 20117:00 amRNSHolding(s) in Company
15th Apr 20117:00 amRNSChange of Adviser
29th Mar 20117:00 amRNSFinal Results
14th Mar 20117:00 amRNSStrategic Partnership Agreement
11th Mar 20117:00 amRNSNotification of Preliminary Results
8th Mar 201110:32 amRNSIssue of Equity and Director Dealing
24th Jan 20117:00 amRNSTrading Update

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