A record breaking fourth quarter and a strong start to 2018 has been reported for Catena Media in its latest set of financial results.
Acting CEO Henrik Persson Ekdahl revealed that revenues totalled €20.1m, an increase of 63 per cent year-on-year and an increase of 16 per cent compared with the previous quarter. Search revenues were the highest thus far with organic growth of 25 per cent. The company estimates that 60 per cent of the revenues are generated from regulated markets.
EBITDA amounted to €10.3m corresponding to a margin of 52 per cent. EBITDA excluding non-recurring costs related to the change of listing to Nasdaq Stockholm and reorganisation costs, amounted to €11.1m corresponding to an adjusted margin of 55 per cent.
Operating profit increased to €8.8m with an operating margin of 44 per cent, while earnings per share amounted to 11c after dilution.
A new record was achieved in new depositing customers, totalling 113,258, an increase of 69 per cent year-on-year and an increase of 12 per cent compared to the previous quarter.
For the year ending 2017, revenues came in at €67.6m, an increase of 69 per cent year-on-year.
EBITDA increased to €32.6m and the operating profit increased to €28.4m, corresponding to an operating margin of 42 per cent.
