DGAP-News: CLIQ Digital kicks off 2021 with once again impressive sales and earnings growth

2021. május 06., csütörtök, 07:30







DGAP-News: Cliq Digital AG


/ Key word(s): Quarter Results






CLIQ Digital kicks off 2021 with once again impressive sales and earnings growth








06.05.2021 / 07:30




The issuer is solely responsible for the content of this announcement.




Corporate News

CLIQ Digital AG: Quarterly Statement 1Q 2021


6 May 2021



CLIQ Digital kicks off 2021 with once again impressive sales and earnings growth



Quarterly Highlights:



- Total Group sales increase by 49% to €30.1 million



- European gross revenue up 11%



- EBITDA grows to €5.3 million (+142% against PY)



- 18% EBITDA margin (PY: 11%)



- €0.50 EPS (PY: €0.18)



- €4.7 million free cash flow generated (PY: €0.1 million)



In the first quarter 2021 (01/01-31/03/2021), CLIQ Digital generated gross revenue of €30.1 million (PY: €20.2 million). This corresponds to an increase of 49% compared to the first quarter of the prior year. CLIQ grew its market share across all regions and reported increasing member numbers. Notably, European sales grew by 11% on the back of increased own media buying activities across Europe and sales growth in North America remained high at 102% year-on-year. Near the end of the quarter, the All-in-One portals worldwide saw an upgrade in the sports content and the introduction of the games category. In addition, the flagship store in Germany was significantly upgraded with Hollywood blockbusters.



CLIQ Digital"s EBITDA grew by 142% to €5.3 million (PY: €2.2 million). One of CLIQ"s pivotal KPIs for revenue growth is marketing spend, which increased to €9.1 million (+17%, PY: €7.8 million). All in all, the 1Q 2021 EBITDA margin (in per cent of gross revenue) was 18% compared to 11% in last year"s first quarter.



Net result came in 129% higher than in prior year"s first quarter and totalled €3.5 million (PY: €1.5 million). On the back of the acquisition of the remaining shares (20%) in Hype Ventures B.V., which was announced on 28 April 2021 and is effective as of 1 January 2021, the fully diluted EPS was €0.50 in the first quarter 2021 (cf. €0.18 in 1Q 2020).



































in millions of € 1Q
2020
1Q
2021
Change
Gross revenue 20.2 30.1 +49%
Net revenue 14.9 23.1 +55%
Marketing spend 7.8 9.1 +17%
EBITDA 2.2 5.3 +142%
EBIT 2.0 5.1 +152%
Net result 1.5 3.5 +129%
EPS (in €) 0.18 0.50* +176%

* fully diluted

As at quarter-end closing, the CLIQ-Factor was 1.56x (PY: 1.61x). The CLIQ-Factor is used as a key indicator for measuring the profitability of the new members and represents the ratio of the net revenue divided by the member acquisition cost.



The Customer Base Value (CBV) came in at €36.5 million (PY: €29.0 million) at the end of the first quarter of 2021. The CBV is based upon the number of members multiplied by each individual remaining lifetime net value (adjusted for payment service provider cost).



Balance sheet & Cash flow:



The business development in the first three months resulted in a free cash flow of €4.7 million. This resulted in a cash position of €5.6 million as at 31/03/2021.























































ASSETS   EQUITY & LIABILITIES
in millions of € 31/12/

2020
31/03/2021     31/12/

2020
31/03/2021
(In)tangible fixed assets 50.8 51.0   Equity 55.6 59.5
Other non-current assets 4.4 4.9   Non-current liabilities 4.7 6.2
Trade receivables 9.1 10.5   Bank borrowings 3.8* -
Other current assets 7.8 8.7   Trade payables 2.0 3.9
Cash and cash equivalents 4.9 5.6   Other current liabilities 10.9 11.1
Total assets 77.0 80.7   Total liabilities 77.0 80.7

* bank borrowings include an amount of €0.2 million capitalised finance expenses. Actual bank borrowings amounted to €4.0 million

 















in millions of € FY 2020 1Q 2021
Cash flow from operating activities 14.8 5.2
Cash flow from investment activities -0.7 -0.2
Cash flow from financing activities -3.6 -0.4
Free cash flow 10.5 4.7

 

Statement from Ben Bos, member of the Management Board:



"2021 kicked off just as we had expected. We significantly upgraded our content offering with games, Hollywood blockbusters and a great sports relaunch. We onboarded amazing new people to drive our business further and faster. And we just signed a minorities" buyout, which will give us about a third more earnings per share and considerably more flexibility. All in all, the year has started in a perfect way to realise our 2021 goals!"




Earnings call details:



Management Board member, Ben Bos, will present CLIQ Digital"s 1Q 2021 financial results during an earnings conference call (audio only) today at 2.00 p.m. CEST, which will be conducted in English.



To attend the call, participants are required to register by clicking on the link below and will then receive personalised dial-in details:



https://us02web.zoom.us/webinar/register/WN_4I51umLtTPC9_9xgQHQJVQ



Management will answer questions submitted via email to investors@cliqdigital.com no later than 60 minutes prior to the call. A recording of the webcast will be available following the call at https://cliqdigital.ag/investors/financials.




Please note:



The 1Q 2021 financials are unaudited and not subject to review. To provide a better overview in the tables, decimal places have been partly omitted. Therefore, rounding differences can occur. In case of doubt, the English version shall prevail.



Financial calendar 2021:









2Q/6M 2021 Financial Statement & earnings call Tuesday 3 August 2021
3Q/9M 2021 Financial Statement & earnings call Tuesday 2 November 2021

 

For further information, please contact



CLIQ Digital AG



Investor Relations



Sebastian McCoskrie | Michael Kriszun



Mob.: +49 151 52043659 | +49 151 52207955



Email: s.mccoskrie@cliqdigital.com | m.kriszun@cliqdigital.com



www.cliqdigital.ag/investors



CROSS ALLIANCE communication GmbH (PR adviser)



Susan Hoffmeister



Tel.: +49 89 125 09 03-33



Email: sh@crossalliance.de



www.crossalliance.de



About CLIQ Digital:



CLIQ Digital (www.cliqdigital.com) is a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, games, sports and movie content. The company has a long-standing and successful history in expert digital marketing and offering niche products for the mass market at competitive prices. CLIQ Digital operates in over 30 countries and employs staff of 100 from 29 different nationalities as at 31 December 2020. The company is a valuable strategic business partner for networks, content producers as well as for publishers and payment service providers. CLIQ Digital is headquartered in Düsseldorf and has offices in Amsterdam, London, Paris, Barcelona and Tequesta, Florida. The company is listed in the Scale segment of the Frankfurt Stock Exchange (ISIN DE000A0HHJR3) and is a constituent of the MSCI World Micro Cap Index.
















06.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Cliq Digital AG

Immermannstr. 13

40210 Düsseldorf

Germany
E-mail: investor@cliqdigital.com
Internet: www.cliqdigital.com
ISIN: DE000A0HHJR3
WKN: A0HHJR
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1193075





 
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1193075  06.05.2021 



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