Tremor International Ltd Trading Statement (9454S)
March 22 2021 - 2:00AM
UK Regulatory
TIDMTRMR
RNS Number : 9454S
Tremor International Ltd
22 March 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
22 March 2021
Tremor International Ltd
("Tremor" or the "Company")
Trading Statement
Tremor International Ltd (AIM: TRMR), a global leader in video
advertising technologies, provides an update on current
trading.
The Company's performance during the first quarter of 2021,
which historically is the lowest quarter by revenue in the year, is
significantly ahead of the same period in 2020, predominantly
pre-pandemic. This continued sustainable organic growth is a clear
endorsement of Tremor's strategy, executed by the Company's
end-to-end technology platform together with strong demand inflow.
Therefore, the Company now expects trading for the year ending 31
December 2021 to be significantly ahead of management
expectations.
Tremor expects to report net revenue* of $55 million to $60
million, an increase of 71%-87% (Q1 2020: $32.1 million), and
Adjusted EBITDA of $25 million to $28 million an increase of 46-51
times, (Q1 2020: $0.5 million), in the first quarter of the
financial year. Programmatic net revenues are expected to grow by
84%-95% in Q1 2020.
This positive momentum continues to be underpinned by the
successful execution of the Company's strategy, which focuses on
video and data, with Tremor's core solutions of Connected TV,
Private Marketplaces and its self-serve platform continuing to
achieve significant traction.
*Net Revenue = Gross Revenue less media cost.
For further information please contact:
Tremor International Ltd via Vigo Communications
Ofer Druker, Chief Executive Officer
Sagi Niri, Chief Financial Officer
finnCap Ltd Tel: +44 20 7220 0500
Jonny Franklin-Adams / James Thompson (Corporate
Finance)
Tim Redfern / Dicky Chambers (ECM)
Stifel Nicolaus Europe Limited Tel: +44 20 7710 7600
Fred Walsh
Alain Dobkin
Nick Adams
Richard Short
Vigo Communications Tel: +44 20 7390 0230
Jeremy Garcia
Antonia Pollock
Charlie Neish
About Tremor
Tremor is a global leader in advertising technologies operating
across three core capabilities - Video, Data and CTV. Our unique
approach is centred on offering a full stack of end-to-end software
solutions which provides the Company with a major competitive
advantage within the video advertising ecosystem.
Tremor Video helps advertisers deliver impactful brand stories
across all screens through the power of innovative video technology
combined with advanced audience data and captivating creative
content. Tremor Video is one of the largest and most innovative
video advertising companies in North America and globally, with
offerings in CTV, in-stream, out-stream and in-app.
The media side of Tremor, Unruly, drives real business outcomes
in multiscreen advertising. Its highly ranked programmatic platform
efficiently and effectively delivers performance, quality, and
actionable data to demand and supply-focused clients and partners.
Tremor has a meaningful number of direct integrations with
publishers, unique demand relationships with the world's biggest
advertisers and privileged access to News Corp inventory. Unruly
connects to the world's largest DSPs and is compatible with most
AdAge top 100 brands.
Tremor International Ltd is headquartered in Israel and
maintains offices throughout the US and Canada, Europe,
Asia-Pacific and Australia and is traded on the London Stock
Exchange (AIM: TRMR).
No Offer or Solicitation
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall it
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale is unlawful. This press
release shall not constitute an offer to purchase any securities or
a solicitation of an offer to sell any securities, and is issued
pursuant to Rule 135e under the Securities Act.
Forward-Looking Statements
This press release contains forward-looking statements (as
defined in Section 27A of the Securities Act, and Section 21E of
the Securities Exchange Act of 1934, as amended) concerning future
events. Words such as "expects, " "intends," "plans," "believes,"
"anticipates," "hopes," "estimates," and variations of such words
and similar expressions are intended to identify forward-looking
statements. These forward-looking statements are based on the
information available to, and the expectations and assumptions
deemed reasonable by the Company at the time these statements were
made. Although the Company believes that the expectations reflected
in such forward-looking statements are reasonable at the time made,
no assurance can be given that such expectations will prove to have
been correct. These statements involve known and unknown risks and
are based upon a number of assumptions and estimates, which are
inherently subject to significant uncertainties and contingencies,
many of which are beyond the control of the Company. Actual results
may differ materially from those expressed or implied by such
forward-looking statements. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company's expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
domestic law by virtue of the European Union (Withdrawal Act) 2018
("UK MAR").
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