Trading Update

RNS Number : 9994J

XLMedia PLC

04 July 2017

 

For immediate release

4 July 2017

XLMedia PLC

("XLMedia" or "the Group" or "the Company")

Trading update

Strong H1 growth delivered with trading ahead of expectations

XLMedia (AIM: XLM), a leading provider of performance marketing, is pleased to announce the following trading update for the six months ended 30 June 2017, with the Group trading ahead of managements' expectations for the period.

The Group has continued to execute on its strategy of diversifying its revenue streams and has delivered strong organic growth across all business verticals within the Group.  

The Board was pleased to announce two acquisitions during the period, the first being Clicksmob, a mobile performance marketing platform, and the second, Greedyrates.ca, one of Canada's leading credit card comparison websites.  Integration of both acquisitions is progressing according to plan with both acquisitions performing well and in line with management expectations. In addition, the recently announced acquisition of Securethoughts.com, a US cyber security comparison website, will add further diversification and US presence to the Group.

Currently the Group derives 57% of its revenues from gambling, down from 70% in the first half last year, with the remaining 43% coming from non-gambling verticals including gaming, mobile applications, software, utilities, e-commerce and finance.  The Board believes this is yet further evidence of the Group successfully delivering on its strategy to continue to diversify revenue sources and accordingly the Board remains extremely confident in the performance of the business.

The Company expects to announce half year results for the six months ended 30 June 2017 during  September 2017.

For further information, please contact:

 

XLMedia plc Ory Weihs www.xlmedia.com	Tel: [phone]
Vigo Communications Jeremy Garcia / Fiona Henson / Natalie Jones www.vigocomms.com	Tel: [phone]
Cenkos Securities plc (Nomad and Joint Broker) Ivonne Cantu / Camilla Hume www.cenkos.com	Tel: [phone]
Berenberg (Joint Broker) Chris Bowman / Mark Whitmore / Amritha Murali www.berenberg.com	Tel: [phone]

 

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