European Directories Group releases 2014 Q4 and full year results
European Directories announces today its 4th quarter and 12 months results for the year 2014.
Group revenues are € 318m (from € 373m previous year), EBITDA € 79m (from € 96m), Free Cash Flow increased to € 29m (from € 19m)
'The transition of our business from Print to Online is progressing despite challenging market conditions. In particular the increase in New Media revenues (websites and digital marketing) is encouraging. Despite the decline in traditional revenues we were able to manage profitability and cash flow effectively to allow us to further invest in these new segments', says Group CFO Germon Knoop.
The detailed Financial Statements Bulletin for the period January - December 2014 of European Directories Group, European Directories Midco S.à r.l. and European Directories BondcC S.C.A. can be found on the website www.europeandirectories.com. The annual report will be made available on the website on week 14.
_________________________________________________
For further information, please contact:
Germon Knoop
Group CFO
Tel : +31 20 487 36 88
E-mail: ir@europeandirectories.com
European Directories Group is an online partner for SMEs offering local search and lead generation with a scalable business model. The European Directories Group operates through three main brands: Fonecta in Finland, Herold in Austria and DTG in the Netherlands. More information about the European Directories Group, including press releases and financial reports, can be found at www.europeandirectories.com.
The information in this announcement is required to be disclosed by European Directories BondCo S.C.A. under the Swedish Securities Markets Act (Sw. lagen om värdepappersmarknaden) and article 1 point 9(b) of the Luxembourg law of 11 January 2008 relating to transparency requirements for issuers of securities and article 2 of the Grand-Ducal regulation of 11 January 2008 relating to transparency requirements for issuers of securities. This information was released for publication on 27 February 2015.