|By Business Wire||
|July 17, 2014 02:00 AM EDT||
XLMedia (AIM:XLM), a leading provider of digital performance marketing services announces a trading update for the six months ended 30 June 2014.
The board is pleased to report that the Group has continued to experience strong levels of growth in its core digital marketing services and from its new media channels including mobile and social media. The Company expects to report record revenues in the first half with an increase of at least 22% compared to the equivalent period in 2013. Overall performance is in line with market expectations.
The Company’s strong growth is underpinned by XLMedia’s leading position in its core Scandinavian markets, as well as in English and German speaking countries, where demand from gaming operators remains high.
The Group continued to make progress in its strategy to enter new regulated markets as highlighted by our recent acquisition of a content website network mainly for the Danish market.
The Company will announce its interim results for the six months ended 30 June 2014 in September 2014
Chris Bell, Chairman, commented:
“We are pleased with XLMedia’s performance in the first half of the year. Our core business remains very strong and we are making good progress with our strategy across the board. I look forward to updating the market in due course.”