XLMedia PLC Trading Update (3174N)
January 17 2019 - 1:00AM
UK Regulatory
TIDMXLM
RNS Number : 3174N
XLMedia PLC
17 January 2019
For immediate release 17 January 2019
XLMedia PLC
("XLMedia" or the "Group" or the "Company")
Trading Update
XLMedia (AIM: XLM), a leading provider of digital performance
marketing services, is pleased to provide an update for the year
ended 31 December 2018.
XLMedia confirms that trading in the second half of 2018
continued to strengthen with the Group proactively focusing on
higher margin business. As a result of this overall margin
improvement, the Group expects to report EBITDA in line with
current market expectations, achieved against lower revenue base of
approximately $118 million.
The Company has a material cash balance and continues to
generate strong cash flows from operations.
The Company is focused on growing the higher margin publishing
division within its key strategic verticals: Gaming (including the
newly re-regulated US Gambling market), and Personal Finance. The
Company looks forward to providing a more detailed update to the
market as part of the full year results announcement.
The Company will publish final results for the year ended 31
December 2018 in March 2019.
For further information, please contact:
XLMedia plc Chris Bell, Non-executive Via Vigo Communications
Chairman Ory Weihs, Chief Executive Officer
www.xlmedia.com
Vigo Communications Jeremy Garcia / Fiona Tel: 020 7390 0230
Henson / Simon Woods www.vigocomms.com
Cenkos Securities plc (Nomad and Joint Tel: 020 7397 8900
Broker) Giles Balleny / Callum Davidson
www.cenkos.com
Berenberg (Joint Broker) Chris Bowman Tel: 020 3207 7800
/ Mark Whitmore / Laure Fine www.berenberg.com
The information contained within this announcement (the
"Announcement") is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014. Upon the publication of this Announcement via
Regulatory Information Service, this inside information is now
considered to be in the public domain.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
TSTKQLFFKFFLBBL
(END) Dow Jones Newswires
January 17, 2019 02:00 ET (07:00 GMT)
Xlmedia (LSE:XLM)
Historical Stock Chart
From Apr 2024 to May 2024
Xlmedia (LSE:XLM)
Historical Stock Chart
From May 2023 to May 2024