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DGAP-News: Cliq Digital AG reports results for 1st quarter of 2014 financial year

May 21, 2014

DGAP-News: Cliq Digital AG / Key word(s): Quarter Results Cliq Digital AG reports results for 1st quarter of 2014 financial year 21.05.2014 / 17:54 --------------------------------------------------------------------- Cliq Digital AG reports results for 1st quarter of 2014 financial year - Q1 revenues of EUR 9.9 million - Q1 EBITDA of EUR 397k, positive net earnings of EUR 124k - Successful reorganization of financing - Subscriptions increased by 30% in Q1 2014 compared to Q4 2013 Dusseldorf, May 21, 2014 - Cliq Digital AG, a leading provider of mobile games, apps, software and entertainment, reports its financial figures for the first quarter of 2014 financial year. Group revenues amounted to EUR 9.9 million (Q1 2013: EUR 14.6 million). Overhead is further reduced by 20% (Q1 2013: EUR 2.5 million vs. Q1 2014: EUR 2.0 million). EBITDA (earnings before interests, taxes, depreciation and amortization) reached EUR 397k (Q1 2013: EUR 2.5 million). Net earnings came in at EUR 124k (Q1 2013: EUR 674k). First quarter 2014 showed a strong upward trend in marketing spend in comparison to previous fourth quarter 2013. To normalize this effect the company decided to change the accounting policy on how to account for marketing spend. By this, the marketing costs are more aligned with the future revenue. Due to the stronger marketing spend, subscriptions increased by about 30% to 1.3 million (Q4 2013: 1.0 million). The new financing agreement with Commerzbank was concluded at the End of March. With effect from April 2014 onwards, monthly redemption for the term loan has been lowered from EUR 750,000 to EUR 187,500. The company realized a one time positive effect on its financing structure (bank debt) of EUR 0.5 million after deduction of costs related to the new financing agreement. All figures within this Corporate News are unaudited. About CLIQ Digital: CLIQ Digital AG (ISIN DE000A0HHJR3), based in Dusseldorf, Germany, is a leading provider of mobile games, apps, software and entertainment content. CLIQ Digital markets content in over 50 countries, especially by way of its direct sales to end customers. The company was founded as Bob Mobile AG in 2005. A decisive growth step was taken in 2012 with the acquisition of Dutch company CLIQ B.V., which provided the name of the newly positioned Group. The company is listed in the Entry Standard of the Frankfurt Stock Exchange. Visit CLIQ on: www.cliqdigital.com Contact: cometis AG Rolf Becker Unter den Eichen 7 D-65195 Wiesbaden Phone: +49 (0)611 20 58 55-40 Fax: +49 (0)611 20 58 55-66 E-mail: becker@cometis.de End of Corporate News --------------------------------------------------------------------- 21.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 269899 21.05.2014


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Source: DGAP Corporate News


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