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Caybon is a world-leading digital media company focused on brand-driven content that drives tangible results

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Caybon First Quarter Report January - March 2022

 Stockholm May 11, 2022, at 08:00

Stable start of the year

January - Mars 2022

  • Net Sales increased by 35% to 241,446 (178,213) TSEK, of which 0.3% is organic growth and 4.4% is exchange rate related.
  • EBITDA increased with 12% to 28,133 (25,226) TSEK
  • EBIT increased 22% to 22,695 (18,585) TSEK
  • EBIT-margin decreased to 9.4% (10.4)
  • Cash Flow from operations was -8,025 (6,972) TSEK
  • Net Profit for the period amounted to 9,164 (6,827) TSEK
  • It should be noted that Splay One was not part of the Caybon Group in the first quarter 2021.

 Significant events in the first quarter

  • Caybon has purchased 8.7 MSEK of its bond. The reason being to conserve interest given that the company had excess cash.
  • Caybon has decided to rename the two business segments to Campaign (unchanged) and Network (previously "Platform"). This is purely a change of name.
  • The tragic war in Ukraine has so far limited direct effects on Caybons business.

2022

2021

LTM

2021

MSEK

Jan-Mar

Jan-Mar

Chg, %

 

Full year

Net Sales

241,446

178,213

35%

988,225

924,991

Gross profit

130,685

101,013

29%

527,461

497,788

Gross profit margin, %

54.1%

56.7%

-5%

53.4%

53.8%

EBITDA

28,133

25,226

12%

128,348

125,441

EBITDA-margin, %

11.7%

14.2%

-18%

13.0%

13.6%

EBIT

22,695

18,585

22%

104,409

100,299

EBIT-margin

9.4%

10.4%

-10%

10.6%

10.8%

Net Profit

9,164

6,827

34%

49,762

47,424

Cash flow from operations

-8,025

6,972

-215%

85,893

100,890

 

CEO - Comment

Good start of the year

2022 has started well with stable revenues in both business segments and record performance in Newsner. All in all this gave us an all-time-high in EBIT for the first quarter amounting to 22.7 MSEK (18.6).

Strong financial performance in the first quarter

Caybon continues to grow and the EBIT level is the highest ever in Caybons history. The revenue growth in the first quarter is mainly from the acquisition of Splay One and to some extent from Fx. Looking at EBIT which amounted to 22.7 MSEK (18.6) the increase come from both business segments and looking at the underlying business areas it is Mediaplanet and Appelberg in the Campaign segment and Newsner in the Network segment which has outperformed last year substantially.

Digital media continues strong development

The global marketing spend has grown at a pace of 7 percent per year until Covid impacted the industry in 2020. In 2021 the market rebounded and is now expected to grow again with around 6 percent per year according to PwC Global Media and Entertainment Outlook. Growth in ad spend is now almost solely coming from growth in digital advertising while analog advertising is declining somewhat. In 2021 the proportion of digital advertising was estimated at 62% as compared to 41% five years earlier in 2016. This demonstrates the advertising landscape that Caybon is active in and it is worth noting that the growth in digital ad spend is driven by growth of social media and video content according the the same PwC report.

In this landscape Caybon is well equipped to address varying client needs and we can profit from our capabilities in digital content, especially videos as well as its distribution capacity on various digital networks.

Splay One transformation

Splay One is the most recent addition to the Caybon group which joined in April last year. Splay One is the Nordic leader within branded entertainment and one of the largest Multi Channel Networks in the EMEA-region. With over 250 million video views a month, Splay One creates engaging content together with some of the biggest influencers in the Nordics. With YouTube and other social media platforms as main distribution channels Splay One is able to reach their clients target groups by producing creative content.

Splay One now continues its transformation. With the appointment of Jonna Säll as CEO of the Splay One the business area now has a head with a background in Caybons entrepreneurial and sales oriented culture. Splay One continues its journey towards profitable growth, streamlining the cost base and increasing sales efficiency.

Outlook

Total ad spend and digital ad spend especially is set to increase. Caybon is well equipped to take advantage of this increasingly complex landscape. We will continue to adapt our capabilities and business models to the clients needs and the consumers preferences.

The situation in Ukraine is very tragic and on a personal level we are all doing what we can to support them. From a corporate perspective Caybon has seen little impact so far from the various uncertainties arising. However, with increasing inflation, interest rates, supply chain issues and other matters the world is no doubt facing a great deal of uncertainty which could affect our clients and indirectly Caybon.

Richard Båge, CEO

Contacts

Richard Båge, CEO

Johan Janing, Chief Financial Officer

Tel. 072-365 21 49

Tel. 076 894 06 65

Email: richard.bage@caybon.com

Email: johan.janing@caybon.com

About Caybon

Caybon is a group of scalable, digitally focused marketing companies specialised in content and distribution products. The purpose is to offer advertisers and organisations a way to communicate with their target group in an editorial and relevant context. The various offerings include a range of options from online media, videos, performance related advertising, events as well as printed products. Revenues in turn are derived from content production as well as various forms of advertising solutions. The clients range from small to medium sized companies all the way up to multinational groups. The client base is thus diversified in terms of both size, sector and geography. The five brands within the Group are grouped into two business segments: Campaigns and Platforms.

Find out more at www.caybon.com

2022-07-16
Regulatory

Caybon Holding AB (the Company) has today signed a binding agreement to acquire all the shares of Future Media Group ("FMG") for a total upfront acquisition price, expressed as Enterprise Value, of 160 MSEK.

2022-07-06
Regulatory

Today, an extraordinary general meeting was held in Caybon Holding AB ("Caybon" or "the Company").  Below is a summary of the resolutions passed at the general meeting (all in accordance with the proposals presented in the notice to attend the meeting kept available at the company's website www.caybon.com). 

2022-06-17
Regulatory

The shareholders of Caybon Holding AB, reg. no. 559049-5056 (hereinafter the "Company"), are hereby invited to extraordinary general meeting to be held on Tuesday 5 July, 2022. The board of directors has, in accordance with the Swedish Act (2022:121) on temporary exceptions to facilitate the execution of general meetings in companies and other associations, decided that the general meeting shall be held without physical presence of shareholders, proxies and/or external parties and that the shareholders shall only have the opportunity to vote by mail prior to the general meeting.

2022-05-11

 Stockholm May 11, 2022, at 08:00

2022-04-26

Caybon Holding has updated its Financial Reporting Calendar and will publish the interim report for the first quarter on May 11th 2022. 

2022-02-28

Record year and strengthened position

IR contact

Johan Janing Chief Financial Officer
076-894 06 65 johan.janing@caybon.com