AdUX : Fourth-Quarter 2020 Revenue

Press release

2020 FOURTH QUARTER REVENUE

Revenue Q4* : €6.4 million (-13%) Revenue FY 2020* :€19.3 million (-22%)

EBITDA Q4* : €0.7 million (vs. €1 million in Q4 2019) EBITDA FY 2020* : €0.5 million (vs €0.1 million in 2019)

Levallois-Perret, February 25th, 2021, 6:00 PM - AdUX group, a specialist in digital advertising and user experience (Code ISIN FR0012821890 - ADUX) released its revenue of the fourth quarter of the financial year 2020.

Activity1

In M€	Q4 2020*	Q4 2019	Var. %	FY 2020*	FY 2019	Var. %
Revenue	6.4	7.4	-13%	19.3	24.8	-22%
Group	Gross margin	2.6	3.7	-30%	8.3	11.9	-30%
EBITDA (1)	0.7	1.0	-34%	0.5	0.1	-

Consolidated revenue for the fourth quarter of 2020 amounts to 6.4 million of euros, compared to 7.4 million of euros (-13%) in the fourth quarter of 2019. The trend remains negative but has improved since the beginning of the health crisis after a second and third quarter decreasing respectively by (-48%) and (-17%). Activity therefore seems to be gradually recovering and the trend gives hope for a rebound in 2021.

*

Based on non-audited financial statements as of 31 December 2020

(1)

Current operating income before allocations and reversals of depreciation, amortization and provisions

The drop in gross margin (-30%) is proportionally more important than the decrease in revenue (-13%) however the reduction in costs in addition to the government assistance measures related to COVID-19 made possible to generate positive EBITDA for two consecutive quarters: up to 0.7 million of euros in the fourth quarter after 0.2 million of euros in the third quarter.

Over 12 months, activity fell by 22% but EBITDA improved and stood at 0.5 million of euros in 2020 thanks to a strict cost control since the start of the year.

Events & Perspectives

The activity trend improved over the second half of the year and gives hope that 2021 will show a rebound, even if the advertising market has offered very limited visibility as for now. This return to growth in 2021 should take place gradually throughout the year, with a sustainably reduced cost basis (beyond the support measures put in place by governments in 2020 related to the COVID) allowing significant growth in the EBITDA.

Next financial announcements

2020 annual results released

Thursday April 1st, 2021 after closing of the stock market

ABOUT ADUX

A pioneer of the sector, ADUX is a European specialist of digital advertising and user experience. With a presence in 6 European countries, it attained a turnover of 25 million of euros in 2019.

The company is listed in the Euronext Paris Compartment C and Amsterdam (Euronext) and holds the "Innovative Company" label.

This label offers, for a period of 3 years, the possibility for the FCPI to invest in the capital of ADUX, and for their subscribers to benefit from the corresponding tax benefits.

Code ISIN : FR 0012821890 / LEI : 969500IIE66C3CFB1K57 / Mnémo : ADUX

For more information, please visitwww.adux.com

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LinkedIn:http://www.linkedin.com/company/adux_fr

This statement may contain certain forward-looking statements. Although the AdUX Group believes that these statements are based on reasonable assumptions as on the date of publication of this statement, they are, by their very nature, subject to risk and uncertainty that can create a difference between the actual figures and those indicated in or inferred from these statements. The AdUX Group operates in a continually changing sector where new risk factors can emerge at any time.