(2) Source: Smart + Google Analytics, June 2014. Press release. Paris, 29August 2014. H1 2014 results: Revenues: â¬41.8
Press release Paris, 29August 2014
H1 2014 results: Revenues: €41.8m (+44%) Operating income: €11.4m (+20%) Group share of net income: €7.1m (+8%) Unaudited simplified consolidated income statement
(in thousands of euros) IFRS Revenues
o/w excl. exchanges
Payroll costs Other expenses and income Exchange transactions EBITDA**
% of revenues
Net depreciation/amortisation and provision expenses Operating income
% of revenues
auFeminin Publishing* 35 022
34 470
Smart Intra-Group AdServer transactions 6 906 -75
6 906
-75
H1-2014 41 854
H1-2013 Change 29 119 + 43,7 % -10 999 + 27,6% -7 057 -263 10 801 + 18,3%
41 301
28 856 + 43,1%
-10 971 -12 819 -553 10 680
-3 065 -1 739
75
2 102
0
-14 037 -14 483 -553 12 782
-1 578
157
0
-1 420
9 102
2 260
0
11 362
9 459 + 20,1%
-3 822 7 471 18% 7 101
-2 922 6 597 + 13,2% 23% 6 592 + 7,7%
30%
Corporation tax Consolidated net income % of revenues Group share of net income
26%
30%
33%
31%
27%
37%
-1 341
32%
* * aufeminin Publishing includes Mylittleparis and consists of advertising, other services and exchange transactions ** EBITDA = Operating income before net depreciation/amortisation and provision expenses
The Board of Directors of aufeminin.com which met on 29 August 2014 approved the Group’s financial statements for H1.
Growth in all activities Despite a difficult advertising market and economic backdrop, aufeminin delivered a robust performance with strong growth in all its activities. With the integration of the company MyLittleParis, aufeminin Publishing grew 44% in the first half. Like-for-like, aufeminin Publishing experienced a 5.7% increase in activity. aufeminin Group’s Smart AdServer arm also posted growth of 9% for the first half of 2014, with the progressive increase in its RTB activity (net revenues of €251,000 over the period).
(1) Source: Comscore, April 2014 (2) Source: Smart + Google Analytics, June 2014
Still high profitability: 27% operating margin EBITDA, which totalled €12.8 million, was up 18% vs. H1 2013 and operating income amounted to €11.4 million, up 20 %. The operating margin remained high at 27%. As announced, the Group has stepped up investments. Therefore, operating expenses grew faster than revenues and operating income included an additional amortisation expense of €681,000 related to the acquisition of MylittleParis. With a tax expense of €3.8 million, net income amounted to €7.5 million, up 13.2%. The Group therefore generated a net profitability of 18%. The Group share of net income totalled €7.1 million, up 8%. Outlook: continuation of the ambitious expansion policy The Group plans to continue with its ambitious expansion strategy. This will result in continuing investment in H2 but while maintaining high profitability. aufeminin Publishing aims to continue its multi-device and international expansion strategy and carry out targeted acquisitions according to opportunities. Smart Adserver has ambitions to expand in the United States and accelerate the rollout of its RTB solution. Next publication scheduled for 15 October 2014: Revenues and unaudited operating income for Q3 2014 About aufeminin aufeminin is a top-tier digital content provider which posted revenues of €60 million in 2013. A limited company which is 80.8% owned by the Axel Springer Group, it is listed in compartment B of NYSE-Euronext Paris (ISIN: FR0004042083, TICKER: FEM). The Group’s activities are divided into 2 core sectors: aufeminin Publishing and Smart AdServer. As the world’s No. I provider of editorial and community-based content for women, aufeminin Publishing is present on all platforms and devices (websites, mobile phones, tablets, TV and print) in 14 countries: France, Germany, Austria, the United Kingdom, Belgium, Spain, Italy, Poland, Switzerland, Canada, Morocco, Tunisia, USA and Brazil. As the world's leading publisher of websites for women, it has 40.4 million individual site visitors per month worldwide (1) and an ever-increasing number of visitors by mobile phone which already stands at 37 million (2). The aufeminin Group also owns MyLittleParis, which publishes newsletters for a one-million strong online community of women readers and each month sends out a box of surprise and beauty products to more than 70,000 subscribers to its MyLittleBox postal offering. MyLittleParis generated revenues of €14.4 million in 2013. Aufeminin Publishing has an editorial and community-based offer covering the most popular topics amongst women: Fashion, Baby, Beauty, Shopping, Cooking, News, Society, etc. Smart AdServer is an integrated ad serving premium and RTB platform which allows publishers to monetize all digital channels: web, mobile and video. Smart AdServer currently has 400 clients across four continents and accounted for €13.1 million of Group revenues in 2013.
aufeminin
Actifin
[email protected]
Christophe de Lylle/Aminata Doucoure
[email protected] Tel : +33 (0)1 56 88 11 11
(1) Source: Comscore, April 2014 (2) Source: Smart + Google Analytics, June 2014
