- At end-September: revenues of €75.8m
and an EBITDA margin of 21.3%
Regulatory News:
Groupe aufeminin (Paris:FEM) (ISIN: FR0004042083, Ticker:
FEM), 1st creator of communities, announces its results for the
first 9 months of 2016.
Marie-Laure Sauty de Chalon, CEO of aufeminin, says: “The
buoyant growth in activity observed over the 1st half of the year
continued in the 3rd quarter, with significant growth in Group
revenues. At the same time, aufeminin has maintained a high
profitability level in a context of transformation of its business
model and an ever-changing environment.”
Financial summary – published data: consolidation of Livingly
Media from 1 March in
2015 (post acquisition) vs. 1 January in 2016 and
reclassification of Smart AdServer, divested on 30 April, 2015, as
“Income from divested activities” in 2015
In €’000 - audited
30 sept. 2016 30 sept. 2015
Δ Revenues 75,754 64,043
+18% of which: France 35,953
33,709 +7% of which: International
39,801 30,334 +31% EBITDA (1)
16,161 14,101 +15% as a % of revenues 21.3%
22.0%
Operating profit (2) 11,208 8,149
+38% as a % of revenues 14.8% 12.7%
Attributable net
profit (2) 6,579 4,723 +39% of
which: income from divested activities 0 25,891
(1) EBITDA: Earnings Before Interest, Taxes,
Depreciation, Amortization and other non-recurring operating income
and expenses.(2) Restated for the divestment of Smart
AdServer. In 2015, non-current operating income of €26.7m
associated with this divestment had been recorded.
Q3 revenues up 12% - International activity accounted for 54%
of total activity
At end-September, the aufeminin group’s revenues totalled
€75.8m, an increase of 18%. France saw revenues grow by 7% to
€35.9m; International activity jumped 31% to €39.8m.
Over Q3 alone, revenues totalled €24.5m, an increase of 12% in
line with the organic growth seen in previous quarters:
- In France, there was a 10% increase to
€11.2m, reflecting the upturn in the local advertising market since
the 2nd quarter.
- International activity recorded further
solid growth of +13% to €13.2m, notably driven by the United States
and Japan. The Group thus recorded 54% of its revenues outside
France.
High EBITDA and operating margins – continuation of the
Group’s transformation
At end-September, Group EBITDA was €16.2m, up 15%, giving an
EBITDA margin of 21.3%. Operating profit – restated for the
divestment of Smart AdServer – was €11.2m, up 38%. The operating
margin was thus 14.8%, an improvement of 210 basis point compared
with the end of September 2015.
The ongoing transformation of the Group’s business model
towards more social media, especially in France with current
ongoing investments, slightly weighed on 3rd quarter margins. In
parallel, repositioning of Livingly Media in the United States, the
growth of MyLittleParis in Japan, as well as the good performance
of the Group’s brands in Europe enable to maintain a high
profitability. EBITDA in the 3rd quarter amounts to €3.7m, giving a
margin of 15.2%, and operating profit of €1.7m, giving a margin of
6.8%.
The detailed income statement can be found in the
appendix.
Next event:
- 25 January, 2017: 2016 annual
revenues.
http://corporate.aufeminin.com
About aufeminin
1st creator of communities, the aufeminin group provides an
editorial and community-based offer covering all the most popular
topics amongst women: Fashion, Baby, Beauty, Shopping, Cooking,
News, Entertainment, etc.
With media brands such as aufeminin, Marmiton, My Little Paris,
Merci Alfred, Gifted Agency, Onmeda, Zimbio.com, Livingly.com and
Stylebistro.com, the Group is present in more than 20 countries in
Europe, North Africa, North America and Latin America. Leader on
the desktop market with a global audience of 42 million visitors a
month, the aufeminin group’s presence is growing on the mobile
market, with 73 million visitors, and tablet market, with 12
million visitors, and is developing its presence on all other
platforms, including video, print and social networks(1).
The aufeminin group, which is 79.3% owned by the Axel Springer
group, is listed on compartment B of Euronext Paris (ISIN:
FR0004042083, Ticker: FEM). In 2015, with 370 staff, the Group
recorded revenue of €93 million and an EBITDA margin of 25%.
(1) Google Analytics, aufeminin group, no double counting,
August 2016
Appendix
DETAILED INCOME STATEMENT
Consolidation of Livingly Media as of 1 March in 2015 (post
acquisition) vs. 1 January in 2016 and
reclassification of Smart AdServer, divested on 30 April, 2015, as
“Income from divested activities” in 2015.
In €’000 -
IFRS 30/09/2016 30/09/2015
Δ Revenues 75,754 64,043
18% Staff costs -20,686 -20,693 Operating expenses
-38,907 -29,249
EBITDA (1) 16,161
14,101 15% as a % of revenues 21.3% 22.0%
Other operating expenses and income -2,133 23,438 Amortization
& provisions -2,820 -2,719
Operating profit
11,208 34,820 -68% as a % of revenues 14,8%
54.4% Financial income/loss -4 157 Corporate tax -4,128
-4,800 Income from discontinued operations (2) 0 869 Income from
associates 0 -17 Minority interests -497 -415
Attributable net profit 6,579 30,614
-79% as a % of revenues 8.7% 47.8%
(1) EBITDA: Earnings Before Interest, Taxes, Depreciation,
Amortization and other non-recurring operating incomes and
expenses.(2) Given the divestment of Smart AdServer at end-April
2015, its 2015 contribution is reclassified as “Income from
divested activities”.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161020006137/en/
Aufemininfinances@aufeminin.comDelphine Groll, Head of
Group Communicationdelphine.groll@aufeminin.com+33 (1) 53 57 15
52orNewCapInvestor relations:Mathilde Bohin / Marc Willaume,
+33 (0)1 44 71 00 13aufeminin@newcap.eu
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