PR Newswire/Les Echos/
- Press release -
Revenues for the first nine months of 2007
up 58.4%
Robust growth, bolstering the group's leading positions
Revenues for the nine months ended 30 September 2007 (€'000) 2007 2006 Change
Classified ads 29,077 19,594 9,483 +48.4%
- Paris area 15,134 11,241 3,893 +34.6%
- Regions 13,943 8,353 5,590 +66.9%
Online advertising and partnerships 2,203 1,138 1,065 +93.6%
Direct services to internet users 1,106 1,110 -4 -0.3%
Total classified ads and media 32,386 21,842 10,544 +48.3%
Agency website design and listing 4,883 4,096 787 +19.2%
Real estate software 3,820 3,820
Total services 8,704 4,096 4,608 +112.5%
Total revenues 41,090 25,938 15,152 +58.4%
Paris, 25 October 2007 - SeLoger.com, France's leading player in online real
estate services, generated consolidated revenues of €41.1m in the first nine
months of 2007, up 58.4% relative to the year-earlier figure of €25.9m.
The main driver behind this very strong growth remained the expansion of the
classified ad business in Paris and the Regions.
SeLoger.com further strengthened its position as the leading marketplace
bringing together supply and demand in the real estate sector, with:
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- more than 1,955,000 classified ads in September 2007, as opposed to 1,191,000
in September 2006 (+64.1%)
- an audience of more than 1,165,000 unique visitors (+14.6%), more than 7,706,
000 visits (+27.1%) and 122,004,000 page views (+12.6%) in September 2007
- 10,976 estate agent classified ad customers, representing 14,797 branches and
a national penetration rate of 44.0% at end- September 2007
Continuing growth impetus
Classified ads and media revenues rose by 48.3% to €32.4m. This segment
accounted for 78.8% of the group's total revenues in the first nine months of
the year, and its various activities performed as follows:
- Classified ad revenues rose by 48.4%. Revenues in the Regions (+66.9%)
continued to close the gap with those in Paris (+34.6%), accounting for 48.0%
of the total as opposed to 42.6% in September 2006.
The number of estate agent classified ad customers rose from 8,484 in September
2006 to 10,976 in September 2007. The average monthly amount invoiced per
classified ad customer rose by 10.6% year-on-year, from €263 in September 2006
to €291 in September 2007.
o In Paris, SeLoger.com's penetration rate was 70%, with 4,302 customers (a net
year-on-year increase of 533) representing 5,407 branches. The average spend
per customer in September 2007 was €360.
O In the Regions, the penetration rate was 36%, with 6,674 customers (a net year
-on-year increase of 1,959) representing 9,390 branches. The average spend per
customer in September 2007 was €247.
In the third quarter alone, the net increase in customer numbers was 323. As
anticipated, this was lower than the increase in the second quarter of 2007 (740
), due to seasonal variations. SeLoger.com now has a total of 10,976 estate
agent classified ad customers.
- In online advertising and partnerships, revenues rose by 93.6%, showing the
group's ability to monetise its audience. The group also benefited from the
recent deregulation of the energy distribution market for individual customers.
- Revenues from direct services to internet users remained stable (-0.3%). This
business is continuing to suffer from the group's decision in the second
quarter to shorten the 'paid consultation' period, during which new rental
property ads can only be viewed by paying customers. Revenues in the third
quarter alone were down 6%.
Revenues in the services segment rose by 112.5% to €8.7m, making up 21.2% of
the
group's total in the first nine months of 2007. This segment consists of two
activities:
- Agency website design and listing saw revenues rise by 19.2%.
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- Real estate software consists of Périclès, a leading provider of IT
solutions
for real estate professionals, offering ASP software on a subscription basis.
Périclès enables the SeLoger.com group to develop increasingly close
relationships with estate agents and help them manage their property ads. The
group acquired Périclès in November 2006, since when the company has been
consolidated in SeLoger.com's accounts.
Targets maintained
SeLoger.com confirms its full-year 2007 revenue target of €56m, and its EBITDA
margin target of 48% (after taking into account the stock option and bonus
share plan). The group also renews its targets to achieve over 45% penetration
rate by end- December 2007, versus 36% at end-2006, and a rate of 70% in 2009.
* : EBITDA: earnings before interest, tax, depreciation and amortisation.
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Third-quarter performance in line with expectations
SeLoger.com's revenues rose by 55.4% year-on-year to €14.3m in the third
quarter of 2007. The classified ads business alone generated revenue growth of
45.6%.
Quarterly revenues (€'000) Q3-07 Q3-06 Change Q2-07 Q1-2007 Q2-06 Q1-2006
Classified ads 10 394 7 143 4 5 ,6 % 9 948 8 737 6 505 5 946
- Paris area 5 281 3 827 3 8 ,0 % 5 179 4 676 3 789 3 625
- Regions 5 113 3 316 5 4 ,2 % 4 769 4 061 2 715 2 322
Online advertising and partnerships 7 40 351 1 1 0 ,7 % 756 705 4 72 315
Direct services to internet users 4 04 430 -6,0% 367 335 4 08 272
Total classified ads and media 11 538 7 924 4 5 ,6 % 11 071 9 777 7 384 6 534
Agency website design and listing 1 377 1 247 1 0 ,4 % 1 656 1 851 1 374 1 475
Real estate software 1 337 1 273 1 210
TOTAL Services 2 714 1 247 1 1 7 ,7 % 2 929 3 061 1 374 1 475
TOTAL revenues 14 253 9 171 5 5 ,4 % 14 000 12 838 8 758 8 009
N.B.:
Conference call today at 5.45pm (London time
)
To take part, call: France: +33(0)1 70 99 43 00
UK: +44(0)20 7806 1968
Germany: +49(0)69 5007 1317
Forthcoming event:
2007 Full year revenues
31 January 2008 (after the market close
) 4
About SeLoger.com
The SeLoger.com group is France's leading online real estate player, with
websites and services aimed at internet users and real estate professionals.
It has become France's benchmark online marketplace for real estate classified
ads with its two leading sites www.seloger.com and www.immostreet.com.
The group gives internet users access to France's most extensive range of
classified real estate ads, with
more than 1.95 million ads. It also gives real estate professionals the largest
platform in the market, with an
audience consisting of more than 1.33 million unique visitors and an exclusive
distribution network that covers
almost 9 out of 10 French internet users.
SeLoger.com's business model is based on a range of services based around
online classified real estate ads. The company plans to maintain its rapid
growth strategy, which focuses on four main areas:
- continuing to win new estate agent customers, in both Paris and the Regions;
- improving its range of products and services for real estate professionals;
- introducing innovative new services for individuals planning a real estate
transaction;
- making selective acquisitions.
SeLoger.com has been listed on Eurolist by Euronext™ (compartment B) since 30
November 2006 and is part of the following indexes: SBF 250, CAC SMALL 90 and
CAT IT since 21 September 2007. ISIN code: FR0010294595
Corporate website: www.groupe-seloger.com
Contacts
Seloger.com HDL Communication
+33 1 53 38 29 00 Bruno Lorthiois
Laurence Bégonin Maury [email protected]
www.seloger.com +33 1 58 65 00 72
Blandine Lazennec Hervé de Laitre
[email protected] [email protected]
+33 1 58 65 00 71
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