Adlink Group suffers decline in profits
Although the online marketing company Adlink Group reported rising revenue in the first half of 2008, it also saw a decline in profits. Consolidated revenue rose by 9 percent, while net income fell by 13.8 percent.
The Internet marketer Adlink Group recorded rising sales in the first half of 2008, but also a decline in profits. Consolidated sales rose from 104.4 million euros in the previous year to 113.8 million euros, an increase of 9 percent. Earnings before interest, taxes, depreciation and amortization (EBITDA), on the other hand, fell by 21.3 percent from 12.7 million euros to 10.0 million euros. Consolidated net income fell by 13.8% to 5.0 million euros. In the previous year, it was still at 5.8 million euros. According to Andreas Janssen, CFO of Adlink Internet Media, sales in the domain marketing segment (Sedo) were down on the previous year. In addition, the continuing weakness of the dollar and the British pound was reflected in the figures. Adlink Internet Media expects sales growth of 10 percent for 2008. As online advertising is not unaffected by economic fluctuations, the Adlink Group is strengthening its performance marketing solutions, which are less dependent on economic cycles.
