17 Jan 2019 07:00
For immediate release | 17 January 2019 |
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 XLMedia PLC
("XLMedia" or the "Group" or the "Company")
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Trading Update
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XLMedia (AIM: XLM), a leading provider of digital performance marketing services, is pleased to provide an update for the year ended 31 December 2018.
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XLMedia confirms that trading in the second half of 2018 continued to strengthen with the Group proactively focusing on higher margin business. As a result of this overall margin improvement, the Group expects to report EBITDA in line with current market expectations, achieved against lower revenue base of approximately $118 million.
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The Company has a material cash balance and continues to generate strong cash flows from operations.Â
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The Company is focused on growing the higher margin publishing division within its key strategic verticals: Gaming (including the newly re-regulated US Gambling market), and Personal Finance. The Company looks forward to providing a more detailed update to the market as part of the full year results announcement.
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The Company will publish final results for the year ended 31 December 2018 in March 2019.
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For further information, please contact:
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XLMedia plc Chris Bell, Non-executive Chairman Ory Weihs, Chief Executive Officer www.xlmedia.com  | Via Vigo Communications |
Vigo Communications Jeremy Garcia / Fiona Henson / Simon Woods www.vigocomms.com  | Tel: 020 7390 0230 |
Cenkos Securities plc (Nomad and Joint Broker) Giles Balleny / Callum Davidson www.cenkos.com  | Tel: 020 7397 8900 |
Berenberg (Joint Broker) Chris Bowman / Mark Whitmore / Laure Fine www.berenberg.com | Tel: 020 3207 7800 |
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The information contained within this announcement (the "Announcement") is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this Announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.
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