DGAP-News: CLIQ Digital AG accelerates its growth path in HY1 2020: Net result almost tripled
DGAP-News: Cliq Digital AG
/ Key word(s): Half Year Results
CLIQ Digital AG accelerates its growth path in HY1 2020: Net result almost tripled
- Gross revenue increased by 67% to EUR 47.2 million in H1 2020 (H1 2019: EUR 28.2 million)
- EBITDA increased by 246% in H1 2020 to EUR 6.3 million (H1 2019: EUR 1.8 million)
- Net result before non-controlling interest (NCI) almost tripled to EUR 4.4 million (H1 2019: EUR 1.5 million)
- EPS increased from EUR 0.08 to EUR 0.49
Dusseldorf, August 18, 2020 - CLIQ Digital AG (ISIN DE000A0HHJR3, GSIN A0HHJR), a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services, today announces its business development for the first half year and the second quarter of 2020.
Strong development of all KPIs
*customers equal members of CLIQ Digital
Strong revenue and earnings development
The strong increase in gross and net revenue was driven by both, the significant rise in marketing spend (up 66% in H1 2020 compared to H1 2019, up 78% in Q2 2020 compared to Q2 2019) combined with an improved CLIQ factor of 1.64 during the first half year of 2020 compared to 1.40 in the first half year 2019 and a growing base of members. The customers base value, an important indicator for estimating the expected net revenue based on existing members, increased to EUR 31.0 million at the end of Q2 2020 compared to EUR 24.5 million at the end of Q2 2019 and EUR 29.0 million at the end of Q1 2020. The increase of the CLIQ factor (representing the ratio of revenue to costs per member (customer) as a key indicator for measuring the profitability of new members) underlines the successful integration of the direct media buy strategy by the CLIQ Digital Group.
The strong performance has resulted in an increase of the gross margin by 81% to EUR 14.3 million compared to HY1 2019. The strong increase in gross margin resulted in an impressive increase (+246%) in EBITDA for the first half year of 2020 to EUR 6.3 million compared to EUR 1.8 million in the first half year of 2019. On a second quarter comparison EBITDA increased by 200% from EUR 1.4 million in Q2 2019 to EUR 4.1 million in Q2 2020. Net result before non-controlling interest almost tripled from EUR 1.5 million in H1 2019 to EUR 4.4 million in H1 2020. Earnings per share increased in the first half of 2020 to EUR 0,49 (H1 2019: EUR 0,08).
Positive free cash flow
"By taking media buying largely in our hands and making further investments in licensed content, CLIQ Digital was able to better target their customers, resulting in an increase of new members against reasonable costs and improving the profitability of our Group. Our overall performance gives us confidence to further continue our growth path and to meet our targets for 2020," says Ben Bos, member of the Management Board.
Strong Outlook 2020 confirmed
Detailed financial information and earnings call
CLIQ Digital AG will hold a conference call in English for interested investors and members of the media at 11:00 a.m. today, August 18, 2020. To register, please send an e-mail to firstname.lastname@example.org.
About CLIQ Digital:
18.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Cliq Digital AG|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1119679|
|End of News||DGAP News Service|
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We see a rather positive sentiment for Cliq Digital AG with 6 Buy predictions and 2 Sell predictions.
On the other hand, the target price of €12.00 is below the current price of €18.90 for Cliq Digital AG, so the potential is actually -36.508%.