NetBooster Announces IPO status following strong results for first half year 2006
November 17, 2006 (PRLEAP.COM) Business News
Driven by strong organic growth, sales for the first half of 2006 were € 6.6 million, an increase of 89% compared to the first half of 2005. This growth was entirely organic. Since it was established in 1998 NetBooster has become one of the leading online marketing companies. Clients include BMW, Reuters, Expedia, Dell and Pixmania.Operating profit was € 471 thousand, representing 7.14% of sales. This compares to Operating Profit of € 449 thousand generated in the full year 2005 that represented 5.05% of sales in 2005. This improvement in performance is the result of good organic growth by all operations combined with controlled operating expenses.
Net profit for the first half of 2006 was € 675 thousand, representing 10.24% of sales, whereas this was € 623 thousand for the full year 2005, being 7% of sales.
The Group has IPO’d giving it cash resources of € 5.4 million.
Pascal Chevalier, Chairman and CEO of NETBOOSTER, stated: “The performance of NETBOOSTER improved greatly in the half year due to the combined dynamics enabling the development of strong organic growth. This arose from both the strength of business from all our clients and the extension of our services.”
Highlights subsequent to the half year
· Introduction to the Alternext by EuronextTM market in Paris on 6 July 2006 (funds raised: € 4.6 million)
· Acquisition of Timetobuy (€ 3.4 million sales and € 257 thousand in operating profit in 2005), one of the leading independent operators in interactive communication organised into three areas of expertise: Media Consulting, Affiliation and Creation.
Outlook
Pascal Chevalier, Chairman and CEO of NETBOOSTER, concluded: “NETBOOSTER has strengthened its organisation and expanded its field of expertise, in line with its strategy. The good performance in the half year gives us confidence in the continuation of strong growth in our operations.”
About NETBOOSTER:
Established in 1998, NETBOOSTER specialises in online Marketing. NETBOOSTER makes its expertise available to its clients for Internet marketing : listings, sponsored links, affiliation, traffic generation, online media, studio creation and strategic consulting. With a workforce of 45 people, and subsidiaries in the United Kingdom, Germany and Spain, NETBOOSTER achieved sales of € 8.9 million in 2005. It carries the OSEO-ANVAR seal of approval as an “Innovative Business” and thus its shares are eligible for FCPIs (French Mutual funds).
NETBOOSTER shares trade on the Alternext market of Euronext Paris
ISIN code: FR0000079683 - Ticker code: ALNBT
For further information refer to: www.NetBooster.co.uk
Contacts
UK Office:
General Manager:
Janak Mistry
45 Bedford Row
London WC2R 4LN
Holborn
t: 020 7092 1777
e: info@netbooster.co.uk