'- The interim results disclosed on September 3 are confirmed
- EBITDA significantly improves to € 861K (prior year: loss of € 142K)
- Consolidated revenues declined slightly to € 40.2m (prior year: € 44.2m)
- Outlook for 2015 –EBITDA to double compared to prior year
Munich, September 24, 2015 – The first half-year results of Ecommerce Alliance AG (ISIN DE000A12UK08), which is listed on the Entry Standard of the Frankfurt Stock Exchange, underscore the success of its internal efficiency and income improvement program. The company generated an EBITDA of € 861K, compared to a loss of € 142K in the prior year. This solid turnaround arose partly from the much stronger bottom line delivered by the Brands segment with an EBITDA of € 485K versus minus € 496K in the prior year. The Services segment also delivered again better results. Consolidated EBITDA in the first half of 2015 reached € 861K compared with a loss of € 142K in the same reporting period a year ago. The half-year net income was € 458K, versus a loss of € 1,198K a year ago. Income per share rose to € 0.19 as of June 30, 2015 from loss of € 0.50/share in the prior year. Consolidated revenues declined slightly in the reporting period, from € 44.2m to € 40.2m, due to a smaller consolidation scope.
Daniel Wild, Chairman of the Board of Ecommerce Alliance AG, explained, “Our half-year results undoubtedly demonstrate that we optimized our efficiency and income potential at the right places and that we are overall on the right path of sustained profitability with our new strategy. Following the significant increase in profitability in the first six months, we expect further improvements down the road. We are pursuing a buy and build strategy with emphasis in the current fiscal year on expanding our innovative and profitable Services and Brands units though organic growth. We also intend to make acquisitions to strengthen both these segments in the mid-term, thus ensuring that our investments grow at high rates.”
In this reporting period, operating cash flow improved to a positive € 1.46m versus minus € 802K in the prior year. As of June 30, 2015, total cash and cash equivalents remained basically unchanged at € 3,479K (€ 3,609K on Dec. 31, 2014). The equity ratio at the end of the first half of 2015 was about 55% (52% on Dec. 31, 2014).
With this backdrop of positive developments across the group and in spite of deconsolidation of wap-telecom GmbH, the management board expects to least double EBITDA in FY2015 versus the prior year.
The 2015 Half-Year Report is available for download at www.mountain-alliance.de.
