Cliq Digital AG / DE000A35JS40
31.01.2024 - 07:30:15CLIQ Digital announces record EBITDA and operating free cash flow in 2023
| Cliq Digital AG / Key word(s): Preliminary Results 31.01.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. FY 2023 sales up 18% to €326m and EBITDA totalled €50m €19m operating free cash flow Net cash position further improved to €16m FY 2023 Annual report & earnings call on 22 February 2024 DÜSSELDORF, 31 January 2024 – Today, the CLIQ Digital Group announces its preliminary and unaudited 2023 headline financial results. On 22 February 2024, the FY 2023 audited annual report will be published and presented by Management during an earnings call. FY 2023 performance Sales for the full year grew across almost all regions by 18% to €326 million (PY: €276 million), primarily driven by an increase in online advertising campaigns to acquire new members with a higher lifetime value (LTV). Consequently, the expected average lifetime value of newly acquired members during 2023 was notably higher year-on-year at €85 (PY: €73). A longer than anticipated ramp-up in revenues, as previously flagged, resulted in a slight miss on sales guidance. However, the Group is proud to announce that it generated record sales of €84 million in the fourth quarter. EBITDA amounted to €50 million (PY: €44 million) and was in line with the Group’s guidance. EBITDA in 2023 grew by 16% against the prior year resulting in an EBITDA margin of 15% (PY: 16%). The underlying customer acquisition costs (marketing spend) in 2023 totalled €135 million (PY: €112 million). The Group generated €19 million operating free cash flow in 2023 (PY: €15 million) and the net cash position at the year-end close was €16 million (PY: €10 million) after paying out €12 million in dividends in April 2023. 4Q 2023 performance In the fourth quarter 2023 (01/10 – 31/12/2023), Group sales were the highest ever at €84 million (PY: €83 million) and the sales growth in North as well as Latin America overcompensated the shortfalls reported in Europe and the Rest of the World where the Group was unable to grow at the same rates as in the Americas due to higher acquisition costs for new members. In the fourth quarter 2023, EBITDA was down by €1 million to €12 million (PY: €13 million) resulting in a 4Q 2023 EBITDA margin of 14% compared to 15% in prior year’s fourth quarter due to higher one-off other operating expenses. 2024 outlook The Group will disclose its full year 2024 outlook on 22 February 2024. Management statement “Despite facing some challenges, 2023 was another successful year for CLIQ – both financially, with our record-breaking sales, earnings and free cash flow generation, as well as operationally, with new markets and the introduction of cliq.de,” said Luc Voncken, CEO. “In 2023, we also grew creatively and were able to test and trial new exciting ideas and processes, which promise to create significant value for our business model, corporate culture and overall Group performance going forward.” Contacts Investor Relations: Sebastian McCoskrie, s.mccoskrie@cliqdigital.com, +49 151 52043659 Media Relations: Daniela Münster, daniela.muenster@h-advisors.global, +49 174 3358111 Financial calendar
31.01.2024 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. Archive at www.eqs-news.com |
| Language: | English |
| Company: | Cliq Digital AG |
| Grünstraße 8 | |
| 40212 Düsseldorf | |
| Germany | |
| E-mail: | s.mccoskrie@cliqdigital.com |
| 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: | 1826371 |
| End of News | EQS News Service |
| |
