5 September 2008
TMN Group plc (AIM: TMN, the "Group" or the "Company"), UK's premier digital marketing group, has published its final results for the year to 30 April 2008.
Highlights
- Group revenues up 40% to £22.5m (2007: £16.1m),
with organic growth up 10% excluding the year's two acquisitions
- Email Marketing revenues up 24%
- Affiliate Marketing revenues jump to £4.1m (2007: £1.7m)
- Adjusted* profit before tax increased by 10% to £3.6m (2007: £3.3m)
- Adjusted* basic earnings per share were 4.9p (2007: 5.5p)
- Cash generated from operations of £2.7m (2007: £1.6m)
- Maintained organic growth despite slow down in some key vertical markets
- Significant jump in scale in the UK and internationally following integration of two acquisitions
- Now focussed on five business channels – Affiliate Marketing, Email Marketing, Publishing, Lead Generation and Online Research
Mark Smith, TMN Chief Executive, commented,
"The 2008 financial year was a year of evolution, with the Group starting to build on the scale that we consider essential to our vision of becoming Europe's most influential digital marketing group. Following the acquisitions of IBG and TAPPS, we now have exposure in a number of European countries, as well as the US, offering multi-service online advertising and research solutions to thousands of clients. Overall we now have a much more robust position in the online sector.
"Despite the distractions of the offer period, the integration of the acquisitions and the slowdown in some key vertical markets, the Group has demonstrated its underlying strengths by growing revenues organically by some 10% and generating cash.
"The Group has started the current financial year well with the first quarter figures in line with the Board's expectations."
Enquiries:
| TMN Group plc www.tmnplc.com | 020 7440 9310 |
| Peter Harkness, Chairman | |
| Mark Smith, CEO | |
| Craig Dixon, CFO | |
| Investec Investment Banking, NOMAD and broker to TMN | 020 7597 4000 |
| Erik Anderson / Ben Poynter | |
| College Hill | 020 7457 2815 |
| Adrian Duffield/Rozi Morris |
* Adjusted profits before tax excludes £27,000 of share-based payment charges, £898,000 amortisation of acquisition related intangible assets and £225,000 exceptional costs associated with the offers received for the Group earlier in the year.
View the full press release [PDF size 92Kb].
