CDOG Cdialogues

TIDMCDOG

RNS Number : 1709T

CDialogues PLC

16 July 2015

16 July 2015

CDialogues plc

("CDialogues", the "Company" or the "Group")

Pre-close Trading Update

CDialogues plc (AIM: CDOG), the provider of mobile marketing solutions to Mobile Network Operators (MNOs), provides a trading update for the six month period ended 30 June 2015 which is in line with management expectations.

Trading during the period continued to build strongly on the momentum achieved during the previous year allowing the Company to increase its profitability, revenue base, cash balances and geographic reach. Growth in all key fundamentals underpinned another period of expansion as the Company's subscription-based recurring revenue model continued to drive growing returns.

Revenue for the first half of the current financial year is above EUR5.3 million (1H 2014: EUR4.0 million) with EBITDA above EUR1.6 million (1H 2014: EUR1.4 million), representing year on year growth of approximately 30% and 15% respectively. Free cash flow for the same period reached approximately EUR1.4 million (1H 2014: EUR0.5 million) significantly enhancing the Company's cash position which was at the level of EUR3.7 million as of 30 June 2015 (31.12.2014: EUR2.4 million).

During the first half of the year, CDialogues delivered mobile marketing campaigns in five countries across the Middle East and Southeast Asia.

Looking ahead, the Company has identified a pipeline of potential new projects, a number of which are currently undergoing preparations for launch in the coming months. As such, the Board remains confident that these will result in further revenue growth opportunities during the second half of the year.

Pale Spanos, Chief Executive Officer, commented: "We continued to diversify our revenue streams and geographic reach during the period, while targeting new markets and a wider number of MNOs. We remain well placed to build on the momentum achieved to date and expect profit margins to remain strong as our projects mature. We continue to generate strong levels of cash, which we are reinvesting into our products, funding growth while also paying a dividend to shareholders."

CDialogues will announce its interim results for the six months ended 30 June 2015 on Monday 21 September 2015.

Enquiries:

 
 CDialogues Plc        Tel: +30 2106 300 930 
--------------------  ---------------------------------------------- 
 George Karakovounis 
--------------------  ---------------------------------------------- 
 Pale Spanos 
--------------------  ---------------------------------------------- 
 
 Allenby Capital       Tel: 0203 328 5656 
  Limited 
--------------------  ---------------------------------------------- 
 David Hart 
--------------------  ---------------------------------------------- 
 Alex Brearley 
--------------------  ---------------------------------------------- 
 
 Walbrook PR Ltd       Tel: 020 7933 8780/ cdialogues@walbrookpr.com 
--------------------  ---------------------------------------------- 
 Paul Cornelius 
--------------------  ---------------------------------------------- 
 Nick Rome 
--------------------  ---------------------------------------------- 
 

About CDialogues

CDialogues provides mobile marketing solutions enabling MNOs to retain and acquire market share, increase average revenue per user (ARPU) and reducing subscriber churn.

The Company's products and services deliver fully managed solutions, utilizing advanced Data analytics techniques combined with Linguistic engineering marketing, to build awareness and multiply sales and opt-ins of promotional offerings and other mobile content being offered by the MNOs.

The solutions designed by the Company, are tailored and served with the appropriate Linguistic format, to each individual mobile network subscriber typology and geography it operates in, using its proprietary software and scalable infrastructure.

The majority of CDialogues' revenues are derived from a recurring subscription-based revenue model, which has been pioneered by the Company. As a result, the Company benefits from incremental cash flow growth from each new campaign customer and mobile network subscriber.

The Company's near-term focus is on growing both its customer base and expanding its geographic footprint in selected markets in the Middle East, Africa and Southeast Asia, where mobile device penetration and mobile network usage is growing rapidly.

CDialogues has been profitable and cash flow positive since commercial operations began in early 2012.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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