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
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

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