===
EQS-Ad-hoc: ad pepper media International N.V. / Key word(s): Annual Results/Preliminary Results
ad pepper media International N.V. announces results for the fourth quarter of 2023
06-Feb-2024 / 17:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News
- a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Nuremberg, Amsterdam, 6 February 2024

Today, ad pepper media International N.V., one of the leading European performance marketing companies, released its
results for the fourth quarter. In the final quarter of 2023, the Group generated gross sales of EUR 24,014k (Q4 2022:
EUR 28,033k) and revenues of EUR 5,868k (Q4 2022: EUR 7,184k). Despite the decline in sales due to persistently
challenging macroeconomic conditions and cautious client spending, we managed to partly achieve encouraging EBITDA
levels thanks to strict cost optimisation measures. The Webgains segment was able to roughly double its EBITDA to EUR
860k (Q4 2022: EUR 471k), ad agents achieved EUR 171k (Q4 2022: EUR 709k) and the ad pepper segment posted EBITDA of
EUR -521k (Q4 2022: EUR -332k).
In the entire 12-month period, gross sales amounted to EUR 85,988k (Q1-Q4 2022: EUR 98,229k), while Group revenue
amounted to EUR 21,749k (Q1-Q4 2022: EUR 24,868k). EBITDA for the 2023 financial year amounted to EUR 24k (Q1-Q4 2022:
EUR 1,275k). This figure is impacted by one-off expenses, e.g. around EUR 460k for the planned majority takeover of
solute Holding GmbH & Co. KG ("solute"). At segment level, the following EBITDAs were achieved in the full 2023
financial year: Webgains generated EBITDA of EUR 2,060k (Q1-Q4 2022: EUR 871k), ad agents EUR 208k (Q1-Q4 2022: EUR
1,358k) and ad pepper EUR -483k (Q1-Q4 2022: EUR -108k).
Talks regarding the acquisition of a majority stake in solute, which the ad pepper Group had announced in its ad hoc
disclosure on 2 October 2023, are still ongoing, as discussions have become more complex than originally anticipated.
Despite the delay, the ad pepper Group continues to believe that the negotiations will be successfully concluded,
resulting in the acquisition of a majority stake and the full consolidation of solute in the ad pepper Group's
financial statements, while it is currently difficult to predict when this will be realised.
ad pepper media International N.V. expects to publish its annual report for the 2023 financial year on 10 April 2024.


Key figures (unaudited) in EURk:

Q4     Q4     Q1-Q4      Q1-Q4 
2023   2022     2023       2022 
Gross sales         24,014 28,033     85,988     98,229 
% growth             -14.3             -12.5 
Revenue              5,868  7,184     21,749     24,868 
% growth             -18.3             -12.5 
of which ad pepper     462    815      2,292      2,924 
% growth             -43.3             -21.6 
of which ad agents   2,111  2,681      7,489      8,718 
% growth             -21.3             -14.1 
of which Webgains    3,295  3,688     11,968     13,227 
% growth             -10.6              -9.5 
EBITDA                 369  1,018         24      1,275 
of which ad pepper    -521   -332       -483       -108 
of which ad agents     171    709        208      1,358 
of which Webgains      860    471      2,060        871 
of which admin        -141    170     -1,762       -845 

31/12/2023 31/12/2022
Liquid funds* 23,365 23,084
===
*Including securities at fair value.

For more information:

Dr Jens Körner (CEO)

ad pepper media International N.V.

+49 (0) 911 929057-0

ir@adpepper.com End of Inside Information

-----------------------------------------------------------------------------------------------------------------------

06-Feb-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

-----------------------------------------------------------------------------------------------------------------------

===

Language:     English 
Company:      ad pepper media International N.V. 

Frankenstrasse 150 C
90461 Nuremberg
Germany

Phone:        +49 911 9290570 
Fax:          +49 911 929057-157 
E-mail:       ir@adpepper.com 
Internet:     www.adpeppergroup.com 
ISIN:         NL0000238145 
WKN:          940883 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1831717

End of Announcement EQS News Service
===
1831717 06-Feb-2024 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1831717&application_name=news

END) Dow Jones Newswires

February 06, 2024 11:56 ET (16:56 GMT)