zamano PLC, a leading European provider of interactive applications and services to mobile devices, has today announced results for the 12 months ended 31 December 2015.
- Highlights:
Revenue of €24.3M (up 22.3% on revenue of €19.9M, 2014);- EBITDA* of €3.0M (up 9.5% on EBITDA of €2.7M, 2014);
- Pre-tax profit €2.4M (up 12.9% on pre-tax profit of €2.2M, 2014);
- Post-tax profit €2.1M (up 13.0% on post-tax profit of €1.9M, 2014);
- Significant improvement in net cash during 2015 (net cash of €6.3M at 31 December 2015 versus net cash of €4.6M at 31 December 2014);
John Rockett, Chairman zamano, commented: “zamano is pleased to report on what was a highly satisfactory outcome on a financial and operational level for the year ended 31 December 2015. The Group maintained its upward progress in respect of revenue and profit during the year.”
“The robust nature of the Group’s operating performance during 2015 was reflected in a further improvement in zamano’s net cash position. At 31 December 2015, net cash was €6.3 million.”
“In 2016, zamano will continue to focus on its core activities whilst exploring acquisition or partnership opportunities with a view to diversifying and improving its product footprint.”
Ross Conlon, CEO zamano, commented: “The financial year ended 31 December 2015 was another successful one for zamano. The Group maintained its ongoing growth in sales, gross profit, EBITDA, pre-tax and after-tax profits in the year under review.”
“The continuing growth of mobile users and the increased penetration of Smartphones is the main driver of growth in mobile payments, mobile commerce and mobile entertainment. zamano’s product offerings target the broader mobile commerce and entertainment segments, two of the fastest growing mobile markets globally. Similar to 2014, the Group continued to seek out opportunities for development in buoyant and growing market niches which are a feature of the web and mobile commerce product and services sectors”
“During 2015, the Group examined a number of opportunities in mobile media, payments and messaging with a view to growing the business and diversifying its product and service base. In 2016, it remains an ongoing objective of the Group to find acquisition or partnership opportunities for the business in the web and mobile marketing space”
*EBITDA here is calculated as earnings before interest, tax, depreciation, amortisation and has been adjusted for share based payment expenses.