XLMedia claims record-breaking year as key financials soar
Digital marketing services provider XLMedia has cited the ongoing impact of its investment and acquisition strategy as one of the main reasons behind a year-on-year hike in key financials during the 12 months through to December 31, 2015.
Full-year revenue amounted to $89.2 million (€78.9 million), which represents an increase of 76% on the $50.7 million posted in the previous year.
Gross profit climbed 49% year-on-year to $41.1 million, while profit before tax was also up 84% from $13.2 million to $24.3 million.
Elsewhere, adjusted earnings before interest, tax, deprecation and amortisation increased by 67% to $28.4 million, with net income also climbing 70% to $20.2 million.
Net cash from operating activities hiked 69% year-on-year to $28.4 million, with XLMedia ending the year with a balance sheet of $42.6 million cash and short-term investments.
Ory Weihs, chief executive of XLMedia, said: “We are extremely pleased to report another record-breaking year.
“During 2015 we continued to invest in our technology, systems and people, which are the key drivers for performance and future growth.
“We also made significant progress regarding acquisitions, and successfully diversified our business further.
“Over the last two years we have consistently reported strong financial performance, invested in organic growth opportunities, completed several successful earning-enhancing acquisitions and declared $21.25 million in dividends to shareholders.
“We continue as always to maximise value for our shareholders, both through our ongoing work in developing the business as well as through the strategic review process which was announced on January 26.”
Related article: XLMedia details strategic review plans