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9 Feb 2016 07:00
InternetQ plc - Trading UpdateInternetQ plc - Trading Update
PR Newswire
London, February 8
9 February 2016
INTERNETQ PLC('InternetQ' or the 'Group')
Trading update for the year ended 31 December 2015
Solid group performance across B2B and B2C businesses
InternetQ plc (LSE-AIM: INTQ), a leading provider of mobile marketing and digital entertainment solutions for mobile network operators, app developers and brands, announces the following trading update for the year ended 31 December 2015.
InternetQ has continued to deliver strong growth during 2015, with revenues increasing by c.14% to c.€150 million. The B2B (Mobile Marketing) segment contributed c.72% of these revenues and the B2C (Digital Entertainment) c.28%. Cash levels as at 31 December 2015 were c.€19 million (31 December 2014: c.€12 million).
In line with its strategy, the Group continues to look at opportunities to increase its footprint in existing geographies where it has a presence, as well as increasing its foothold in Europe through its new Berlin office. It will continue to focus on developing and evolving its minimob mobile app-focused advertising platform, whilst also looking at international growth opportunities and product differentiation for its Akazoo service. The Group has a solid pipeline and is exhibiting positive momentum across both businesses.
As a result of the customarily preliminary nature of this trading update, the commencement of an Offer period as of 2 February 2016 and requirements under Rule 28.1 of the Takeover Code in relation to profit forecasts, no EBITDA or Profit After Tax estimates are provided herein.
ENDS
A copy of this announcement is published on the following website: www.internetq.com/investors.php
For further details:
| InternetQ Tim Weller, Non-Executive Chairman Panagiotis Dimitropoulos, CEO and Founder Veronica Nocetti, Chief Financial Officer | via FTI Consulting LLP |
| FTI Consulting LLP Charles Palmer / Chris Lane / Nicola Krafft / Karen Tang | Tel: +44 (0)20 3727 1000 |
| RBC Capital Markets Pierre Schreuder / Ema Jakasovic | Tel: +44 (0)20 7653 4000 |
| Canaccord Genuity Simon Bridges / Emma Gabriel | Tel: +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
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