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XLMedia raises guidance again

Published: 19:04 19 Jan 2016 AEDT

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Revenues are expected to be up about 75% year-on-year while adjusted EBITDA should be 66% higher

XLMedia (LON:XLM) is making a habit of beating market expectations.

The digital performance marketing services provider raised market guidance for the full year as recently as November, and was at it again on Tuesday Morning, saying market forecasts of annual revenues and adjusted earnings (EBITDA) will be topped when the final numbers are totted up.

The company expects to deliver annual revenues of at least US$88.6mln and adjusted EBITDA of US$28.2mln or more.

The better-than-expected performance builds on the excellent performance in the first half of the year and also reflects the addition of Marmar Media to the group through acquisition in July 2015.

XLMedia said it had made continued progress on the execution of its strategic plan, benefiting from its increased scale, client-base and marketing channels. 

The group has also seen further benefits through the increase in its geographic presence as well as from the successful integration of the acquired businesses.

XLMedia expects to plough on with its strategy of increasing scale and diversification, while focusing on enhancing its technological edge. 

"We are extremely proud of last year's strong financial performance and the achievements we made in the period in terms of innovation and our technology,” said Ory Weihs, chief executive officer, commented. 

The shares shot up 9.4% to 68.4p on the news.

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