Ad pepper media International N.V. Reports Earnings Results for the First Nine Months of 2012; Announces Management Changes
October 16, 2012 at 07:18 am EDT
Share
ad pepper media International N.V. reported earnings results for the first nine months of 2012. For the period, sales declined by 0.9%. Loss before interest, taxes, depreciation and amortization amounted to EUR 1,567,000 against EUR 2,446,000 a year ago. Loss before interest and taxes amounted to EUR 1,917,000, compared with EUR 2,840,000 in the previous year's period. Loss before taxes amounted to EUR 1,380,000 against EUR 2,233,000 a year ago. Net loss for the period totaled EUR 1,648,000 against EUR 2,669,000 a year ago.
The company announced that Co-Founder and Chief Executive Officer Mr. Ulrich Schmidt as well as Michael Alexander Carton declared to the Supervisory Board to step down as board of directors at their own request as per October 16, 2012. The company, Mr. Schmidt and Mr. Carton have agreed by mutual consent to also terminate Mr. Schmidt's and Mr. Carton's employment as per October 16, 2012. Until a new CEO can be appointed, his duties will be taken over by Mr. Jens Karner (CFO).
Ad Pepper Media International NV is a Netherlands-based Company active in the advertising and marketing sector. The Company provides online services, strategies and solutions for interactive media, direct marketing and technology. Its activities are divided into three segments: ad pepper media, Webgains and ad agents. Display, performance, e-mail, affiliate and search-engine marketing, as well as semantic targeting and ad serving product groups cover the range of its online advertising formats. In addition to a regional, national and international marketing presence, Website partners receive a number of other products and services, such as branding, traffic analysis and performance optimization, provided by Ad Pepper Media International NV and its affiliated companies. As of December 31, 2011, the Company operated 17 subsidiaries, based in the Netherlands, Germany, Sweden, Denmark, the United Kingdom, France, Spain, the United States, Australia and Switzerland.
AD PEPPER MEDIA INTERNATIONAL N.V. 
