Invibes Advertising : Robust Growth and a Strong Improvement in H1
2021 results.
Press release
Robust Growth and a Strong Improvement in
H1 2021 results
London, 29
September 2021 – Invibes Advertising, an advanced
technology company, specialising
in digital advertising, has published robust
growth in its half-year results for 2021, illustrating the strength
of its international model.
The half-year financial report is available on the Company's
website: https://www.invibes.com/investors.html
Consolidated
dataunaudited, in K€ |
H1 2021 |
H1 2020 |
Δ |
Turnover |
8 714 |
3 663 |
+138% |
Purchases and external expenses |
(4 493) |
(1 873) |
+140% |
Personnel expenses |
(3 137) |
(1 732) |
+81% |
EBITDA 1 |
1 084 |
58 |
x 18,6 |
Depreciation, amortisation, and provisions |
(504) |
(349) |
+44% |
Operating income |
580 |
(291) |
n/a |
Net result |
310 |
(503) |
n/a |
Robust growth
and profitability in H1 2021 results
Following the acceleration of its international expansion, and
ramp-up of its European offices over the period, the Group has
posted an impressive growth of +138% for H1.
This performance confirms the success of Invibes Advertising’s
strategy based on a proprietary technological platform integrating
data and artificial intelligence to ensure enhanced targeting for
its customers and maximum efficiency for their campaigns.
This remarkable achievement is directly reflected in the results
in a context of continued investment to support the increase in
activity. EBITDA increased by a factor of 18.6 to €1.1 million over
the period, whilst the EBITDA margin rose to 12.4% of turnover.
During this period, several favorable factors benefitted the
profitability:
- The early contribution from the new
markets (opening in 2020, under Covid).
- The acceleration in the number of
pan-European campaigns from major international brands, driven by
the rise in demand from within the recently opened markets, and
notably: Sisley, Tirol Tourism, Dell, Fiat, Max Mara, Siemens and
Under Armour.
- A further increase in the group's
average order value, combined with an increase in the number of
customers over the period.
After accounting for depreciation and amortisation in the amount
of €504K, Invibes Advertising posted a positive operating profit of
€580K, compared with an operating loss of €291K in the first half
of 2020.
New offices and an increase in commercial strength
across international markets
Currently present in eight markets across Europe, Invibes
Advertising continues to strengthen its European footprint by
entering the Nordics. The recently appointed Niklas Bellander
(Smartclip, SpotX, Adtoox) as Country Director of the newly opened
office in Stockholm will lead the territory. In addition, Bellander
with have the extended remit to oversee the growth of offices in
both Copenhagen and Oslo
Following the successes achieved in Europe, Invibes Advertising
is continuing its international expansion beyond the region with
the opening of two new key markets: the United Arab Emirates, with
a centralised office in Dubai and South Africa headed out of
Johannesburg. Country Directors have been appointed with Wissam
Azzi (ex. Carat, Digital Venture) leading the UAE and Linda Snyman
(ex. TheSpaceStation, Clockwork) South Africa
To reinforce their commercial presence, Invibes Advertising has
recruited a number of commercial executives from within the
existing structure, notably Mitchel Van Boven (ex. Ad Alliance,
RTL, Strandwacht) as Commercial Director - Amsterdam, Ben Weiss
(ex.Vibrant, Hamburg First), Commercial Director - Hamburg and Max
Stern (ex. Burda, Red Bull) Munich.
Accelerating the deployment of Invibes ID
Network
The Invibes ID Network, launched by Invibes Advertising utilises
the hash emails that website visitors agree to communicate,
enabling them to offer advanced data analysis and intelligence
services to its clients, agencies, and advertisers.
The first integrations have been completed with several more
deployments currently underway across Europe, marking an important
step towards the creation of the value-added technological offer
integrated within the current Invibes Advertising solution.
Structuring of management teams
to accelerate future
growth
To support future growth and the structural dynamics of the
company, Invibes Advertising has strengthened its senior management
team with the appointments of Dale Fernandes (VP Marketing,
London), Daniela Fendt (VP Operations, Munich), Carol Van der Donck
(VP Technology, Ghent) and Eliot Maricou (VP Finance, Ghent).
In total, Invibes Advertising has recruited an additional 59 new
employees during the first half of 2021, bringing the total
workforce to 158 as at the 30thJune 2021, this in comparison to 106
at the end of H2 2020.
Outlook
Based on the strong results and market acceleration seen in H1,
Invibes Advertising is confident in sustaining a sound rate of
growth into H2 of 2021.
Next release: Q3 2021 revenue on 13 October
2021, after market close.
About Invibes Advertising
Invibes Advertising is an advanced technology company that
specialises in digital advertising. Its innovative solutions are
supported by an in-feed format that’s integrated into media
content.
Invibes is inspired by social network advertising and develops
its own technology to help brands better communicate with
consumers. Its technology is optimised for distributing in a closed
network of media sites, including Bertelsmann, Hearst, Unify,
Groupe Marie Claire, Axel Springer, and many others. Clients
include major brands such as Mercedes, Samsung, Levis, and IBM.
Founded in 2011, Invibes Advertising is a listed company on the
Euronext Paris stock exchange (Ticker: ALINV – ISIN: BE0974299316).
Visit www.invibes.com for more information.
For our latest press releases, go
to:https://www.invibes.com/uk/en/investors.html
Keep up with all the latest news on Invibes
Advertising:LinkedIn @Invibes
Advertising Twitter @Invibes_adv
Financial & Corporate Contacts:
Invibes Advertising Kris Vlaemynck, CFO
kris.vlaemynck@invibes.com
Listing SponsorAtout CapitalRodolphe
Ossolarodolphe.ossola@atoutcapital.com+ +33 (0) 1 56 69 61 80
Group Investor RelationsActifinAlexandre
Commerot acommerot@actifin.fr + +33 (0) 1 56 88 11 11
Financial Media RelationsActifinJennifer
Julliajjullia@actifin.fr+ +33 (0) 1 56 88 11 19
1 EBITDA = Earnings before interest, tax, depreciation,
amortisation and provisions.
- 2021 09 29 - PR - Invibes Advertising - EN - final
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