Catena Media has experienced its strongest fourth quarter to date, according to chief executive officer Robert Andersson.
For Q4 2016, revenues totalled €12.29m, an increase of 108 per cent compared with the same quarter for the previous year. Adjusted operating profit, excluding non¬‐recurring IPO and bond expenses, amounted to €6.18m corresponding to an adjusted operating margin of 50 per cent. Operating profit increased to €5.75m, corresponding to an operating margin of 47 per cent. Earnings per share amounted to €0.079.
For the whole year of 2016, the company’s revenues totalled €40.05m, an increase of 168 per cent compared to the previous year. Adjusted operating profit excluding non‐recurring IPO and bond expenses amounted to €21.03m, corresponding to an adjusted operating margin of 53 per cent. Operating profit increased to €18.65m, corresponding to an operating margin of 47 per cent. Adjusted profit before tax, excluding non‐recurring IPO and bond expenses, totalled €19.89m, while profit before tax amounted to €17.51m. Earnings per share amounted to €0.319.
“Looking back at what we have accomplished over the last 12 months is rather impressive,” said Andersson. “We have completed and integrated seven strategic acquisitions, entered three new markets and concurrently broadened our offering, reached over 204,000 NDCs and increased the number of employees from 70 to 190. Moreover, we achieved two important milestones with the successful listing of Catena Media‘s shares on Nasdaq First North Premiere and the issue of a three‐year secured bond loan.