Adlink Group with significantly lower quarterly result
Adlink Internet Media AG, the parent company of Adlink Media, announced its consolidated financial results for the first quarter of 2009 on Friday. Earnings before taxes fell by 55 percent.
Adlink Internet Media AG, the parent company of Adlink Media, announced its consolidated financial figures for the first quarter of 2009 on Friday. In a difficult market environment for online advertising, business was in line with the company's expectations, writes the company. Earnings before taxes fell by 55 percent.
Consolidated sales amounted to EUR 52 million, compared to EUR 57.1 million in the same period of the previous year. Compared to the significantly more favorable conditions for online advertising worldwide in the first quarter of 2008, earnings before interest, taxes, depreciation and amortization fell by 43% from EUR 5.3 million to EUR 3 million. Earnings before taxes fell by 55 percent from EUR 4 million to EUR 1.8 million.
The Adlink Group, headquartered in Montabaur, Germany, expects 2009 to be a difficult year for all online marketers. Based on current market conditions and developments to date, the Management Board is sticking to its forecast for 2009 and expects sales revenues of around EUR 200 million and EBT of around EUR 8 million.
Consolidated sales amounted to EUR 52 million, compared to EUR 57.1 million in the same period of the previous year. Compared to the significantly more favorable conditions for online advertising worldwide in the first quarter of 2008, earnings before interest, taxes, depreciation and amortization fell by 43% from EUR 5.3 million to EUR 3 million. Earnings before taxes fell by 55 percent from EUR 4 million to EUR 1.8 million.
The Adlink Group, headquartered in Montabaur, Germany, expects 2009 to be a difficult year for all online marketers. Based on current market conditions and developments to date, the Management Board is sticking to its forecast for 2009 and expects sales revenues of around EUR 200 million and EBT of around EUR 8 million.
