30.10.2013 08:57:00
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Meetic: Results for the 3rd Quarter of 20131
Regulatory News:
MEETIC (Paris:MEET) (FR0004063097), the European leader in online dating, today announces its consolidated quarterly and nine months results to 30th September 2013.
- Consolidated results to 30th September 2013 (MEETIC + Massive Media)
In millions of euros (IFRS) |
30/09/2013 (9 months) |
30/09/2013 (9 months) |
30/09/2013 (9 months) |
30/09/2012 (9 months) |
Var % | |||||
Meetic excl. |
MM | (Consolidated) |
(Consolidated = |
|||||||
Revenue | 126,1 | 8,2 | 134,3 | 122,8 | 9% | |||||
EBITDA* before the cost of free shares | 26,6 | 3,1 | 29,7 | 29,2 | 2% | |||||
% of total revenue | 21,1% | 37,7% | 22,1% | 23,8% | ||||||
EBITDA* | 26,4 | 3,1 | 29,5 | 27,6 | 7% | |||||
% of total revenue | 20,9% | 37,7% | 22,0% | 22,5% | ||||||
Operating profit | 21,7 | 0,1 | 21,8 | 24,0 | -9% | |||||
% of total revenue | 17,2% | 1,6% | 16,2% | 19,6% | ||||||
Share of profit from JV using the equity method | 0,5 | 0,0 | 0,5 | 0,9 | -42% | |||||
Net profit from maintained activities | 16,2 | -7,4 | 8,8 | 16,9 | -48% | |||||
Net income on discontinued activities | 0,0 | 4,2 | 4,2 | 0,0 | - | |||||
Net profit | 16,2 | -3,2 | 13,0 | 16,9 | -23% | |||||
% of total revenue | 12,9% | -39,1% | 9,7% | 13,8% |
* Earnings Before Interest, Taxes, Depreciation and Amortization
- MEETIC’s results to 30th September 2013 (excluding Massive Media)
In millions of euros |
30/09/2013 (9 months) |
30/09/2012 (9 months) |
? % | |||
IFRS |
Meetic excluding Massive |
Meetic excluding Massive |
||||
Internet | 119,8 | 116,9 | 2,5% | |||
% of total revenue | 95% | 95% | ||||
Mobile | 5,1 | 5,0 | 1,3% | |||
% of total revenue | 4% | 4% | ||||
Other | 1,2 | 0,9 | 32,9% | |||
% of total revenue | 1% | 1% | ||||
Total | 126,1 | 122,8 | 2,7% |
In millions of euros | Q3 2013 | Q2 2013 | Q1 2013 | Q3 2012 | Q2 2012 | Q1 2012 | ||||||
Internet | 40,4 | 39,8 | 39,6 | 38,8 | 39,0 | 39,1 | ||||||
Mobile | 1,7 | 1,7 | 1,7 | 1,8 | 1,6 | 1,7 | ||||||
Other | 0,4 | 0,5 | 0,3 | 0,3 | 0,3 | 0,3 | ||||||
Total | 42,5 | 42,0 | 41,6 | 40,8 | 40,8 | 41,2 |
MEETIC’s revenue (excluding Massive Media) for the first nine months of 2013 increased by 2.7% to €126.1 million.
MEETIC’s subscribers (excluding Massive Media) for the first nine months of 2013 increased by 72,998 or 9.5% year over year to 840,801 as of September 30th, 2013.
Marketing Expenses (excluding Massive Media)
Marketing
expenses totalled €62.0 million for the first nine months of 2013,
corresponding to 49.2% of revenue, compared with €58.2 million or 47.4%
of revenue over the first nine months of 2012. The increase is timing
only and reflects planned initiatives in the current year period.
Other expenses (excluding Massive Media)
Other
expenses increased by €2.1 million, excluding cost of free shares, from
€35.4 million for the first nine months of 2012 to €37.5 million over
the same period of 2013. The increase reflects product development costs
and includes a €0.3 million charge in connection with the relocation of
the Company’s head offices.
EBITDA margin: 20.9% - EBITDA margin before the
cost of free shares:
21.1% (excluding
Massive Media)
Earnings before Interest, Taxes, Depreciation
and Amortisation (EBITDA) totalled €26.4 million for the first nine
months ending the 30th September 2013, compared with €27.6
million for the prior year period. The current year period was impacted
by the aforementioned increase in marketing expenses and product
development costs.
Net profit: €16.2 million (excluding Massive Media)
MEETIC’s
net profit totalled €16.2 million for the first nine months ending the 30th
September 2013, compared with €16.9 million for prior year period.
- MASSIVE MEDIA‘s contribution to MEETIC Group Consolidated results to 30th September 2013
Massive Media, the company behind Twoo.com, was acquired by MEETIC and consolidated in January 2013.
As of 31st July, the group proceeded to a retroactive demerger as of 1st January 2013 of Massive Media NV. The demerger split the company into two new companies: Massive Media Europe, which leads the European activities and Massive Media Match, which leads the non-European activities. Massive Media Match has been sold to Match.com France limited on the 31st July 2013.
Massive Media Europe reached 95,603 subscribers at 30th September 2013.
- Consolidated Net Cash position: € 66.4 million
At 30th September 2013, the Group had a net cash position of €66.4 million, compared with €63.4 million at 31st December 2012.
About Meetic Group, European online dating leader (www.meetic-corp.com):
Meetic
manages online dating services, mainly under the meetic, meetic
affinity, match and twoo brands, and markets two highly complementary
economic models on the dating market, one based on internet use, the
other on mobile phones.
From inception, the group has pursued a
clear leadership strategy focusing on quality, innovative marketing and
perfect technological expertise. Meetic works hard to optimise service
quality and to satisfy every possible expectation of its European
subscribers. IAC/InterActiveCorp is Meetic’s main shareholder, with an
88% stake.
Listed on Euronext Paris - Compartment B of the NYSE Euronext
ISIN:
FR0004063097
* * * *
2013 annuals results will be published on:
5th February 2014,
before market
1 Unaudited.
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