For immediate release 20 January 2014 INTERNETQ plc ("InternetQ" or "the Group") Trading Update InternetQ PLC, a leading provider of mobile marketing and digital entertainment solutions today issues the following trading update for the 12 months ended 31 December 2013. InternetQ has continued to deliver strong growth during 2013, with revenues increasing by nearly 40% to over ?100 million. Margins improved in the second half of the year, driving annual adjusted EBITDA over ?16.1 million and after-tax adjusted profitability to the order of ?10 million. These figures are in line with market expectations. The Group's strong performance continues to be driven by its core Mobile Marketing and Mobile Entertainment activities, including InternetQ's social media and entertainment platform Akazoo. The key regions of growth are Asia, Africa and increasingly, Latin America - where mobile marketing and mobile entertainment services are firmly established as a powerful customer acquisition tool. Akazoo continues to attract significant demand from global media and mobile telecoms providers looking to offer high-quality music streaming services. Minimob is also gathering momentum and has found widespread distribution and profile in the booming App economy. InternetQ maintains a strong balance sheet with cash at year-end in excess of ? 12.5 million, as at 31 December 2013. Trade receivables were lower than the prior year and cash generated from operations was close to ?12 million (compared to ?1.5 million for 2012). This solid financial position provides sufficient capacity to support future growth, especially as smartphone adoption and usage becomes commonplace across multiple emerging and developed markets. InternetQ GmbH (formerly Atlas Interactive, which was acquired in July 2013) continues to trade well following its successful integration. Executive management remains confident that the combination of its expansive European footprint and connectivity agreements with Mobile Network Operators worldwide will create significant cross selling opportunities. Active discussions with a number of new and existing customers are progressing as a result of the acquisition. InternetQ will announce its full year results for the 12 months ended 31 December 2013 on 8 April 2014. For further details: InternetQ Tel: +44 (0) 20 3519 5250 / +30 (211) 101 1101 Panagiotis Dimitropoulos, Founder and CEO Tel: +30 (697) 811 7520 Veronica Nocetti, Chief Financial Officer Tel: +30 (694) 420 5275 Buchanan Jeremy Garcia / Gabriella Clinkard Tel: +44 (0)20 7466 5000 RBC Capital Markets Stephen Foss / Pierre Schreuder Tel: +44 (0)20 7653 4000 Canaccord Genuity Simon Bridges / Cameron Duncan Tel: +44 (0)20 7523 8000 About InternetQ plc: InternetQ is a leading digital content and mobile marketing services company with operations spanning Asia, Europe, Africa and the Americas. It offers proprietary technology platforms to help mobile network operators, brands, and media companies to conduct targeted, interactive and measurable marketing initiatives on mobile devices. Its mobile value added services include Akazoo, which allows consumers to purchase digital music content, MobiDialog, its platform for mobile operators to manage marketing campaigns with predictive analytics, and Minimob, a platform providing developers with the most advanced tools to cross-promote and monetize their apps. All underpinning the rapid global growth in smart devices and the thriving app economy. InternetQ is a publicly traded company listed on the AIM market of the London Stock Exchange, under the symbol INTQ.
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