Myriad Group AG announces preliminary results for 2014
OREANDA-NEWS. Myriad Group AG (SIX Swiss Exchange: MYRN) today announces its preliminary, unaudited results for the full year 2014.
Following a preliminary review of the 2014 figures, and subject to finalization of the year end audit, the company expects the following outcome for the year:
- Total revenue of USD 40.2m (FY 2013: USD 43.2 m)
- EBITDA USD 11.1m to USD 12.8m (FY 2013: USD 14.2m loss)
- Adjusted EBITDA1 USD 7.5m to USD 7.8m (FY 2013: USD 2.9m loss)
- IFRS Profit from operations USD 7.3m to USD 9.0m (FY 2013: USD 39.9m loss)
- Cash as at 31 December 2014 USD 23.1m (FY 2013: USD 12.0m)
Stephen Dunford, CEO of Myriad Group AG, commented: “2014 has been a very successful year with a number of achievements contributing to the significant improvement in profitability of the Group. These include the conclusion of the major restructuring operation announced at the end of 2013, the resolution of a number of legacy legal cases and the strong performance of our Mobile Services and Device Solutions business units. We start 2015 with a solid foundation from which we can invest in the growth of our exciting product portfolio”
Final Release of Myriad’s FY 2014 Results
Myriad will release these as planned on 11 March 2015.
Information on Myriad’s FY 2014 Earnings call
Myriad will present its Fiscal Year 2014 results to members of the media, investors and analysts on 11 March 2015 at 18:30 CET. There will be a presentation by Stephen Dunford (CEO) and Richard Francis (CFO), followed by a Q&A.About Myriad
Myriad delivers consumer applications, messaging solutions, and embedded software to leading OEMs, mobile operators, and pay TV providers worldwide. Our messaging services deliver instant messaging and social networking to tens of millions of users in Latin America, Asia and Africa. Working with some of the world’s most successful mobile phone operators, Myriad’s market leading chat application, msngr, enables consumers to connect to friends and family for free across feature phones as well as smartphones. Our Updates service, provided over USSD through our collaboration with Facebook and Twitter enables users without data plans to connect to the social networks and chat services they want to reach in a simple and affordable way. In many cases, Myriad’s services are providing users with their first experience of the Internet.