XLMedia hails record performance in 2017

XLMedia has published a record set of financial results for the 12 months to December 31, 2017.

Revenue amounted to $137.6m (€111.2m), which represents an increase of 33% on the $103.6m posted at the end of 2016.

Gross profit climbed 37% year-on-year to $73.1m, while profit before tax also hiked 27% to $39.3m.

Adjusted earnings before interest, tax, depreciation and amortisation increased 36% from $34.6m to $47.1m.

In addition, earnings per share were up 25% year-on-year to $0.15 in 2017.

Ory Weihs, chief executive of XLMedia, said: “We are delighted to have delivered another record performance for the group, underpinned by our clear strategic vision.

“Our recent entry into the personal finance sector is already delivering tangible benefits with potential for further upside, while the core activities continue to deliver solid growth.

“Elsewhere, core markets continue to perform well, and alongside the acquisitions and ongoing investment in technology, we are confident these will generate significant returns.

“Further to the fundraising completed in January, we believe we will be able to capitalise on our acquisition pipeline in addition to growing the business organically.”

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