SOURCE: LBi International N.V.

LBi International N.V.

April 29, 2011 02:03 ET

LBi International N.V.: Quarterly trading update for the period January - March 2011

LBi books sound top line growth and further margin improvement in Q1 2011

Business fuelled by increasing demand for digital branding, social media and mobile offerings

AMSTERDAM, NETHERLANDS--(Marketwire - Apr 29, 2011) - LBi International N.V. (NYSE Euronext symbol: LBI), Europe's largest marketing and technology agency, today reports its first quarter results for the period ended 31 March 2011.

Key highlights

  • Q1 2011 net sales up 10% versus Q1 2010 reflecting continued strong commercial progress in major markets;
  • Q1 2011 actual EBITDA EUR 8.7 million vs. EUR 2.0 million in Q1 2010;
  • Q1 2011 adjusted EBITDA up 19% to EUR 7.5 million vs. Q1 2010 (EUR 6.3 million), margin at 16.5% up from 15.2%;
  • Net income of EUR 4.6 million in Q1 2011 vs. a negative net income of EUR 2.5 million in Q1 2010;
  • Positive operating cash flow of EUR 1.1 million in Q1 2011;
  • Strong new business wins including global remit for Sony Ericcson, Barclays and J&J Pharma;
  • Market sentiment expected to further improve in 2011; accelerating interest by clients in agencies that blend search, social, direct response, data and digital skill sets.

Luke Taylor, CEO of LBi commented: "We have had a positive start to the year. UK, Nordics and Germany are thriving on the back of growing strong spend across key accounts and the successful cross-sell of services. The US built significant momentum through the quarter and will trade well in Q2 2011 on the back of an excellent new business performance in March. Smaller markets are starting to benefit from the more effective distribution of global revenues. While the latter is not a significant growth driver it nevertheless allows us to optimise our global bench.

Trends are pointing in the right direction. We will continue to benefit from services, category and geographic consolidation as leading national and international brands look to centralise digital, direct and data activities, drive platform economies of scale and leverage insight and IP across all markets. For 2011, we therefore expect further sales growth with EBITDA to increase in line."

See link below for the full quarterly trading update

About LBi
LBi International N.V. (NYSE Euronext Amsterdam: LBI) is the leading European marketing and technology agency with a global reach.

Headquartered in Amsterdam (the Netherlands), LBi has a staff of approximately 1,800 and operations in 15 countries. As a marketing and technology agency, LBi offers services to brands (clients) to help them engage with their customers through digital channels across a wide spectrum of their points of engagement, from initial awareness of the brand, through direct interaction with the services or products offered by the brand, to on-going relationships with the brand.

The Company offers a suite of services that are designed to help companies attract, engage and manage customers, more effectively. This full service offering combines analytical, direct marketing and digital competences, which means that LBi is able to develop big creative ideas in the digital space, build and manage complex transactional websites, run complex CRM programmes and even handle the media buying, planning and electronic public relations for blue chip companies.

LBi quarterly trading update Q1 2011: http://hugin.info/86897/R/1510552/445675.pdf

Contact Information

  • Contacts
    Luke Taylor
    CEO
    LBi International N.V.
    +44 20 7063 6465
    luke.taylor@LBi.com

    Huub Wezenberg
    CFO
    LBi International N.V.
    +31 20 460 4500
    huub.wezenberg@LBi.com

    LBi's head office:
    LBi International N.V.
    Joop Geesinkweg 209 | 1096 AV Amsterdam
    Box 94829 | 1090 GV Amsterdam | Netherlands
    Company registration no. 30277334

    Phone: + 31 20 460 45 00
    Fax: + 31 20 460 45 09
    Web: www.LBi.com