DreamNex, the French leader in Adult E-commerce, has reported its results for the six months to 30 June 2007:
A / B
|Revenue||18.043||16.711||+ 8.0 %||16.137|
% of revenue
|+ 23.5 %||2.311
% of revenue
|+ 32.4 %||1.397
(non audited figures)
*The pro forma 2007 column includes figures for DreamNex and for Think Multimedia and Open Axe over the whole period. These two companies were acquired in 2007 and will be merged with DreamNex during the fourth quarter of 2007, with retroactive effect at 1st January 2007.
** Excluding the acquisitions of Think Multimedia and Open Axe.
Net income grows on stronger margins
Pro forma operating income for the first half of 2007 was ¤3.1m, an increase of 23.5% on the first half of 2006. Pro forma net income was up 32.4% to ¤1.891m.
Thus net margin improved by 2 points, to 10.5%, despite an increase in advertising expenditure, growth in staff numbers and the impact of the non-recurrent costs associated with the IPO. The consolidation of new acquisitions, Think Multimedia and Open Axe, contributed to this improvement, as these two DreamNex partners made a more significant contribution to net income than they did to revenue.
Continuity in the strategy of diversification and market consolidation
The new "Dating Service", launched recently, will mature over the second half of the year, with the regular provision of new versions with enhanced functionality. In addition, another service with strong potential, the mobile phone content business, is planned for the second half.
With more than 23 million visits per month(1) DreamNex will be able to build on its substantial and growing traffic to ensure the rapid deployment, at minimal cost, of these new and complementary business lines.
Available net cash stood at ¤18.2m on 30 June 2007(2), the group plans to use this cash to continue its strategy of consolidation in the online adult services market, through new acquisition opportunities in Europe.
(1) source: Médiamétrie July 2007
(2) prior to the first payment for acquisitions of ¤2.8m on 31 August.
Q3 2007 revenue
7 November 2007 (after market close)
DreamNex: French leader in Adult E-commerce
In February 2000, the current Chairman and CEO of DreamNex launched SexyAvenue.com, the first
website with a sleek, up-market positioning dedicated to the sale of adult products and distribution of
adult content. The website provides an online store selling lingerie and adult toys, a photo and video
distribution service and a dating service.
DreamNex has rapidly established itself as market leader in France. The SexyAvenue.com website
attracts over 23 million visits each month. In 2006, DreamNex generated ¤34 million in revenues and
¤5 million in operating income.
Corporate website: www.dreamnex.com
E-commerce website: www.sexyavenue.com
Chairman and Chief Executive Officer
Tel. : +33 (0)4 42 53 83 83
Corinne Haury Investor Relations
Tel. : +33 (0)1 53 67 07 65 / email@example.com
Coralie Vogt - Press Relations
Tel. : +33 (0)1 53 67 35 79 / firstname.lastname@example.org
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|DNXCORP||Euronext Paris||6.83 (c)||-1.30%||2 162|