XLMedia posts consecutive ‘Record Breaking’ year

oryweihs
Ory Weihs – XLMedia

London AIM listed industry marketing specialist XLMedia Plc has recorded a pre-tax profit of $24.3 million for its full year 2015 performance (period ending 31 December) up 84% on FY 2014’s $13.2 million.

XLMedia would record a revenue increase to $89 million up 76% on 2014’s $50.7 million, as the company reported core metric growth on all its channels.

Furthermore, its revenue performance had been lifted by the positive impact of its acquisition in Tel Aviv-based web and mobile media company Marmar Media.

Detailing growth and corporate, XLMedia governance noted that 2015 performance had been driven the continued development and progress of the firm’s strategic plan since its March 2014 IPO.

The industry marketing specialist would report that it had netted $42 million in cash for short-term investments.

XLMedia governance are currently undertaking a strategic review of its options, with a view of  maximising shareholder value. The review includes the potential sale of the company or a merger with another business, to maximise shareholder value. The review continues.

Ory Weihs, CEO of XLMedia, commented on corporate performance:

“We are extremely pleased to report another record-breaking year. During 2015 we continued to invest in our technology, systems and people, which are the key drivers for performance and future growth.

“We also made significant progress regarding acquisitions, and successfully diversified our business further.

“Over the last two years we have consistently reported strong financial performance, invested in organic growth opportunities, completed several successful earning-enhancing acquisitions and declared $21.25 million in dividends to shareholders.

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