Hi-media Group posted a 9.5% sales growth for the 2011 first quarter to 56 million euros
- Advertising activity uptake confirmation
- Continuous strong organic growth of the Payments activity
- Positive stance with respect to the 2011 operating results increase
The on-line media group Hi-media (ISIN Code FR0000075988 – HIM, HIM.FR), the European leader in monetising the Internet audience, releases its activity figures for the first quarter of 2011.
Main consolidated figures (in million of euros)
| Q1 2010 | Q1 2011 | Variation | |
| Sales | |||
| Advertising | 23.9 | 23.9 | – |
| Advertising at constant perimeter | 22.4 | 23.6 | 5% |
| Payments | 27.1 | 31.9 | 18% |
| Total | 51.0 | 55.8 | 9% |
| Q1 2010 | Q1 2011 | ||
| Proforma gross margin[1] | |||
| Advertising | 45.7% | 45.5% | |
| Payments | 24.9% | 22.4% | |
| Total | 34.6% | 32.3% |
Commenting on the 2011 first quarter figures, Hi-media Group’s founder and CEO Cyril Zimmermann declares:
« The Group activity has been very well oriented during this first quarter of the year with a satisfying gross margin level in line with our expectations. This positive trend allied with a control and optimization of the cost structure enable the Group to renew its guidance of a full year 2011 operating income improvement. »
[1] Including the gross profit coming from the own and operated websites of the Group (Hi-media Publishing)
To read the press release, click here
