XLmedia

XLMedia strong momentum continues

XLMedia, supplier of digital performance marketing services has announced its interim results for the first half of 2015.

As for 30th July, the company’s revenue accounted for $36.8 million – it is a 85% change comparing to the first six months of 2014. In the same period, XLMedia’s gross profit grew by 63% – from $11.3 million in H1 2014 to $18.4 million. The interim dividend amounted to $5.0 million/2.595 cent per share.

The company explains, that the outstanding performance was possible due to “continued development of mobile capabilities through investments in technology and in house systems”, as well as “extended reach of existing network through bolt on acquisition of UK focused, mobile targeted websites”.

Ory Weihs, Chief Executive Officer of XLMedia and SiGMA15 speaker, commented:

“We are delighted to report another record breaking six months. During the first six months of the year we continued to develop the business and invest in our main technology and mobile capabilities, which further underpin our key revenue and profit drivers.

“We made significant progress with executing our strategic plan, with acquisitions of performance marketing companies as well as bolt on publishing assets. These acquisitions complement the Group’s existing business and add diversification through the addition of more clients, products, regions and marketing channels. EDM, which was acquired last year, is performing well and as such the integration of the business has been accelerated. We believe that using a unified technological infrastructure throughout the Group will enhance performance and bring additional benefits of scale to the Group.”

The Board is extremely confident of meeting expectations for the full year. Our confidence level is demonstrated by our declaration of an interim dividend of $5.0 million or 2.595 cents per share.

“We believe we have a set of strong foundations underpinning the growth potential of our business and we look to reporting on our continued progress.”

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