Montabaur, May 10, 2010. AdLINK Internet Media AG (AdLINK Group) today announced its consolidated business figures for the first quarter of 2010. Although the market environment for online advertising remains difficult, business progressed in line with company expectations.
Consolidated sales reached EUR 28.9 million, compared to EUR 37.8 million in the same period last year, which did not reflect the contractual change with affilinet’s largest customer. As of the fourth quarter 2009 we only invoice on a service basis to this customer, which explains the decline in sales revenues. Compared to the fourth quarter of 2009 – traditionally the seasonally strongest quarter – sales fell by just 3.3%. Earnings before taxes (EBT) were down 10.5%, from EUR 1.9 million to EUR 1.7 million. Earnings per share (EPS) remained stable at EUR 0.03.
On the basis of current market conditions and the development of business so far, the Management Board confirms its forecast for 2010 and expects sales of around EUR 125 million and EBT of around EUR 6.6 million.
The Q1 2010 report will be published on May 11, 2010.