Last checked at 17 Jan 2019 07:00
For immediate release | 17 January 2019 |
XLMedia PLC
("XLMedia" or the "Group" or the "Company")
Trading Update
XLMedia (AIM: XLM), a leading provider of digital performance marketing services, is pleased to provide an update for the year ended 31 December 2018.
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.
The Company has a material cash balance and continues to generate strong cash flows from operations.
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.
The Company will publish final results for the year ended 31 December 2018 in March 2019.
For further information, please contact:
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 |
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.