February 12, 2014 - Breukelen, The Netherlands
TIE Kinetix N.V. (“TIE Kinetix”) started the year 2014 with the acquisition and integration of the German company Tomorrow Focus Technologies GmbH (“TFT”). At the same time, the continued business showed growth according to plan. Total revenue grew due to modular Content Syndication sales, which soon will be rebranded into Demand Generation Solution. In the US, the loss of CNET revenue in 2013 has almost fully been replaced with new business. Our E-Commerce offering shows healthy growth.
Reported revenue of €4,196 thousand, compared to €3,661 thousand over Q1, 2013 (increase of 14.6%). Adjusted for the acquisition of TFT as per December 2, 2013, revenue amounts to €3,705 thousand (increase of 1.2% compared to Q1, 2013).
Acquisition of TFT completed and integration started. In Germany, TIE Kinetix has launched the sale of its modular Content Syndication, which soon will be rebranded into Demand Generation Solution. At the same time, TIE Kinetix investigates selling the TFT product offering of Google Search Appliance in other markets.
Acquisition costs and other one-time legal fees amount to € 347 thousand.
EBITDA decreased to -/- €73 thousand from €258 thousand in Q1 of 2013 as a consequence of the one-time acquisition costs.
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Profile TIE Kinetix
TIE Kinetix transforms the digital supply chain by providing Total Integrated E-commerce solutions. These solutions maximize revenue opportunities by minimizing the energy required to market, sell and deliver online. Customers and partners of TIE Kinetix constantly benefit from innovative, field tested, state-of-the-art technologies, which are backed by over 25 years of experience and prestigious awards. TIE Kinetix makes technology to perform, such that customers and partners can focus on their core business.
TIE Kinetix is a public company (NYSE Euronext: TIE Kinetix), and has offices in the United States, the Netherlands, France, Australia, UK, Spain, Germany, Austria and Switzerland.
TIE Kinetix N.V.
3621 ZA Breukelen
T: +31 88 369 8000
Submitted by Investor Relations on Wed, 02/12/2014
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