Today, the Malta-based performance marketing company Catena Media posted its full-year report, which provided information for the company’s performance over the fourth fiscal quarter of 2016 as well as for the twelve months from January to December 2016.
Robert Andersson, Chief Executive Officer of Catena Media described 2016 as the most successful year for the company to date, saying it was also filled with events, continuous strong growth and excellent performance. He explained that the seven acquisitions which were carried out by the company over the past twelve months, as well as the fact that Catena managed to enter three new markets had a greatly beneficial impact on its overall results.
Over the 2016 fiscal year, Catena also remained focused on expanding its offering and reaching new customers – another two goals which the company accomplished. According to Mr. Andersson, the company reached two milestones in its development, taking about the successful listing of Catena on Nasdaq First North Premiere as well as the presentation of its three-year secured bond loan.
The Maltese company revealed that its revenue increased by 108% in comparison to the result posted for the same quarter a year earlier. Catena’s revenue over the last three months of 2016 amounted to €12.29 million. The adjusted operating profit, excluding non-recurring IPO and bond expenses was estimated to €6.18 million, while the operating profit of the company rose to €5.75 million. Catena Media also revealed that its adjusted profit before tax increased in the last quarter of 2016 fiscal year from €3.62 million in Q4 of 2015 to €4.87.
There was a massive increase of 170% in the number of new depositing customers of the company, who totalled 67,023, compared to the 24,779 registered over the same quarter a year earlier.
As for the full-year performance of Catena Media, the Malta-based company revealed that its revenue in the twelve months from January to December amounted to €40.05 million, which represented a 168% increase in comparison to the result announced by the company for the fiscal 2015. The adjusted operating profit excluding the non-recurring IPO and bond expenses was estimated to €21.03 million, while the operating profit rose from €8.98 million a year earlier to €18.65 million in the year ended on December 31st, 2016.
Catena also announced that its adjusted profit before tax rose to €19.89 million, and its profit before tax was estimated to €17.51 million.
The number of new depositing customers increased by 195% and totalled 204,633 over the fiscal 2016 in comparison to the year before.
The Chief Executive Officer of Catena remains optimistic about the company’s performance in the current fiscal year. He said that the Malta-based operator’s move to the Nasdaq Mid Cap list was progressing as planned, sharing that the transition was planned to be completed over the first half of 2017. When it comes to the financial targets of Catena, the company remained focused on delivering its results in line with the financial targets that had been set.
- Author
Olivia Cole
