02.11.2023 Cliq Digital AG  DE000A35JS40

EQS-News: CLIQ Digital AG: Quarter-on-quarter sales growth of 8% and €15m operating free cash flow in 9M 2023


 

EQS-News: Cliq Digital AG / Key word(s): 9 Month figures/Quarterly / Interim Statement
CLIQ Digital AG: Quarter-on-quarter sales growth of 8% and €15m operating free cash flow in 9M 2023

02.11.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


CLIQ Digital AG: Quarter-on-quarter sales growth of 8% and €15m operating free cash flow in 9M 2023

9M 2023:

  • Record sales, up 25% to €242 million
  • Record EBITDA, up by 25% to €39 million
  • €15 million operating free cash flow
  • €3.82 EPS resulting from €25 million net profit (+16%)

DÜSSELDORF, 2 November 2023 – CLIQ Digital AG today publishes its third quarter and nine months 2023 unaudited financial report. 


Performance

in millions of € 9M
2023
9M
2022
Δ   3Q
2023
3Q
2022
Δ
 Bundled-content 227  166 37%   78  67 16%
 Single-content 15  19 -22%   5  7 -33%
 Ad-funded[1] -  8 -   -  3 -
               
 North America 143  111 29%   53  45 18%
 Europe 84  71 18%   25  27 -7%
 Latin America 9  1 564%   3  1 162%
 ROW 6 10 -37%   2  4 -56%
Sales 242  193 25%   83  77 8%
Marketing spend 100 83 21%   35 30 16%
EBITDA 39 31 25%   13  12 7%
Profit for the period 25 21 16%   9 9 -
EPS (in €) 3.82 3.30 +0.52   1.33 1.33 -
  • Sales: In 9M 2023, Group sales grew by 25% to €242 million (PY: €193 million), whereby sales in 3Q 2023 were 8% higher both quarter-on-quarter as well as year-on-year. The growth was driven by increased online advertising campaigns promoting bundled content streaming services, which were up 37% against the first nine months 2022. Regionally, North American and European sales in 9M 2023 grew by 29% and 18% respectively. The market environment in Europe remained competitive but sales in Latin America increased significantly to €9m million in 9M 2023.
  • Customer acquisition costs (marketing spend): In 9M 2023, the customer acquisition costs grew by 21% to €100 million (PY: €83 million). This increase resulted in a greater number of marketing campaigns to acquire new members with a higher lifetime value. The expected average lifetime value (LTV) of newly acquired members during the first nine months 2023 was higher year-on-year at €85 (9M 2022: €72), due to selling more bundled-content services than single-content services.
  • EBITDA: In 9M 2023, despite higher marketing costs, EBITDA increased in line with the sales development by 25% to €39 million (PY: €31 million) with a stable EBITDA margin of 15.9% (PY: 15.9%).
  • Earnings per share: For 9M 2023, basic EPS grew by 16% to €3.82 (PY: €3.30) on the back of a profit for the period of €25 million (9M 2022: €22 million and FY 2022: €29 million).
  • Cash flow & liquidity: Operating free cash flow in 9M 2023 was €15 million (PY: €7 million).  As at 30 September 2023, the net cash position of the Group totalled €12 million, notwithstanding the increased €12-million-dividend distribution  paid out during 2Q 2023.


Management statement

Despite muted consumer sentiment on the back of inflation, higher interest rates and disturbing geopolitical tensions, I am glad to report that Group sales grew by 25% in the first nine months and by 8% quarter-on-quarter,” said Luc Voncken, CEO. “The improved momentum in our cash flow and EBITDA generation continues to underscore our growth story going forward and are testament to the sustainability of our quite unique business model.


Earnings call

A live video webcast will be held at 2.00 p.m. CET and conducted in English by Luc Voncken, CEO, and Ben Bos, member of the Management Board.

To attend the video webcast, prior registration of contact details is required at

https://quadia.live/6516dc0a21c4316ac14f1f3d/registration

Questions submitted before 12.00 p.m. CET via email to [email protected] will be answered after the presentations.

A recording of the webcast will be available after the webcast at: https://cliqdigital.com/investors/financials.


Contacts

Investor relations:

Sebastian McCoskrie, [email protected], +49 151 52043659

Julián Palacios, [email protected], +49 151 18476600

 

Media relations:

Daniela Münster, [email protected], +49 174 3358111

 

About CLIQ Digital

The CLIQ Digital Group sells subscription-based streaming services that bundle movies & series, music, audiobooks, sports and games to consumers globally. The Group licenses streaming content from partners, bundles it and sells the content through its numerous streaming services. Over the years, CLIQ Digital has become a specialist in online advertising and creating streaming services that are advertised towards specific consumer groups. CLIQ Digital operates in over 40 countries and employed 173 staff from 39 different nationalities as at 30 September 2023. The company is headquartered in Düsseldorf and has offices in Amsterdam, London, Paris and Toronto. CLIQ Digital is listed in the Scale segment of the Frankfurt Stock Exchange (ISIN: DE000A35JS40, GSIN/WKN: A35JS4) and is a constituent of the MSCI World Micro Cap Index.

Visit our website at https://cliqdigital.com/investors, where you will find all publications as well as further information about CLIQ Digital and please follow us on LinkedIn.

 

[1] Following a strategic realignment, the business activities relating to the (ad-funded) digital marketing services were discontinued as of 3Q 2022.



02.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Cliq Digital AG
Grünstraße 8
40212 Düsseldorf
Germany
E-mail: [email protected]
Internet: www.cliqdigital.com
ISIN: DE000A35JS40
WKN: A35JS4
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1762909

 
End of News EQS News Service

1762909  02.11.2023 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 70,53 58,21 63,14 106,95 149,98 212,00 326,36
EBITDA1,2 26,15 3,86 5,75 15,95 27,19 34,00 50,33
EBITDA-Marge3 37,08 6,63 9,11 14,91 18,13 16,04
EBIT1,4 5,17 2,98 4,77 15,21 26,28 31,40 45,86
EBIT-Marge5 7,33 5,12 7,56 14,22 17,52 14,81 14,05
Jahresüberschuss1 3,37 2,99 3,89 10,43 18,23 18,90 31,84
Netto-Marge6 4,78 5,14 6,16 9,75 12,16 8,92 9,76
Cashflow1,7 25,23 3,85 3,84 17,64 20,77 22,00 30,39
Ergebnis je Aktie8 0,52 0,34 0,35 1,16 2,71 4,45 4,82
Dividende8 0,00 0,00 0,28 0,46 1,10 1,79 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Mazars

INVESTOR-INFORMATIONEN
©boersengefluester.de
CLIQ Digital
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A35JS4 17,300 112,60
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,61 8,77 1,10 8,61
KBV KCV KUV EV/EBITDA
1,09 3,70 0,35 1,92
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
1,79 0,00 0,00 04.04.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
08.05.2024 08.08.2024 07.11.2024 22.02.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-14,68% -16,99% -12,98% -36,40%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Cliq Digital AG  ISIN: DE000A35JS40 können Sie bei EQS abrufen


E-Commerce , A35JS4 , CLIQ , XETR:CLIQ