Edison Investment Research - CLIQ Digital (CLIQ) CLIQ Digital - Set to reach strong growth targets in FY21

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Edison Investment Research

Richard Williamson

CLIQ Digital - Set to reach strong growth targets in FY21

CLIQ Digital’s (CLIQ) H121 results highlight that the group’s direct media buying strategy is continuing to drive growth. H121 EBITDA, at €11.6m, was up 83% on the prior year. Management expects performance to continue to build strongly in H2 and has reaffirmed guidance for FY21 revenues of at least €140m and EBITDA of c €22m. Its Hype ventures minority acquisition in the period had an immediate impact on EPS, which should lead to a considerable rise in full year dividend given the group’s targeted 40% payout policy.

12/08/2021 1 EN

Underlying

CLIQ Digital

Cliq Digital AG. CLIQ Digital AG is a Germany-based company engaged in the software industry. The Company specializes in the provision of mobile entertainment with focus on games and other mobile value-added services. It divides its business into four product areas: Mobile Entertainment, providing realtones, wallpapers, celebrity gossip, weather updates, among others; Mobile Games offered following the premium model, as well as freemium service; Mobile Apps, covering various types of applications such as dating, discover, travel, sport, among others, and available for smartphone devices only; and Mobile Software for smartphones, comprising software applications, such as security products, document storage solutions, health apps and Voice Over Internet Protocol (VOIP) applications.

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DE000A0HHJR3 Germany

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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CLIQ Digital - Set to reach strong growth targets in FY21

Cliq Digital Ag: 1 director

CLIQ Digital - Expanding the multi-content offering

CLIQ Digital - Diversifying marketing channels

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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