aufeminin – FY 2015: An Excellent Performance

Regulatory News:

2016: confidence in the Group’s prospects and expected increase in profitability

Groupe aufeminin (ISIN: FR0004042083, Ticker: FEM), 1^st creator of communities, announces its results for the financial year to 31 December, 2015.

Marie-Laure Sauty de Chalon, CEO of aufeminin, says: "Totally focused on publishing, with communities at the heart of its model, Groupe aufeminin has again recorded buoyant growth in its activity, +27%, and high profitability. Combining the continuation of a strategy based on the deployment of media brands through innovation and the expansion of their circulation to make them available on every platform, everywhere, for everyone and at all times, and our proven ability to integrate acquisitions, Groupe aufeminin has all the cards in hand to increase its leadership and continue improving its performances.”

Financial summary – published data (consolidation of Livingly Media as of 1 March, 2015 and divestment of Smart Adserver as of 30 April, 2015). For SmartAdServer, on both exercises, whole contribution was reclassified in” Income from discontinued operations”

* EBITDA results from operating income minus expenses, non-recurring operating income, and amortisation and provisions.

Revenue up +27%, driven by France and International sales

In FY 2015, Groupe aufeminin’s revenue totalled €93m, up 27% on the year. Revenue growth is due to a further solid growth in France (+7%) and a substantial increase in International activity (+57%). The latter is benefitting from the continuing high growth of Livingly Media’s activity, but also from the ongoing strong revenue growth recorded by the Group’s other media brands. Today, Groupe aufeminin is thus again recording half of its activity abroad.

EBITDA margin remains at 25.2%

As announced, the integration of Livingly Media and the insourcing of advertising operations in Italy, the last major market for which this was not the case, affected profitability.

Based on revenue of €93m, the Group recorded EBITDA of €23.5m, up 13%, giving an EBITDA margin of 25.2%.

Livingly Media: successful integration, profitable in the second half

Following operating losses in the first half of the year, Livingly Media notably benefitted from its strategic repositioning on programmatic to improve its profitability and move into the black in the second half.

Globally, the Group’s media brands significantly benefitted from the deployment of the proprietary technologies and transfer of knowledge of Livingly Media, notably in "social media”, commitment, etc.

Operating profit was up sharply, at €40.5m, notably following the taking into account of the net proceeds of €26.7m associated with the divestment of Smart AdServer. The latter also had a significant effect on attributable net profit, which totalled €33.8m in 2015 versus €14.3m in 2014.

Cash position of €63.1m at the end of 2015

Once WCR of €3.1m is taken into account, 2015 operating cash flow was €15.4m. The cash position at end-December 2015 was €63.1m, up almost €16m.

2016 Ambitions

With a clear strategy to strengthen its leadership by developing the appeal of its media brands, notably through innovation, and an ability to create synergies, Groupe aufeminin is looking ahead to 2016 with confidence and is targeting a further improvement in its profitability.

Detailed financial tables can be found in the Appendices

Next publication:

• 21 April, 2016: revenue for the 1^st quarter of 2016

About Groupe aufeminin

1^st creator of communities, Groupe aufeminin provides an editorial and community-based offer covering all the most popular topics amongst women: Fashion, Baby, Beauty, Shopping, Cooking, News, Entertainment, etc.

With media brands such as aufeminin, marmiton, My Little Paris, Zimbio.com, Livingly.com and Stylebistro.com, the Group is present in more than 20 countries in Europe, North Africa, North America and South America. Leader on the desktop market with a global audience of 62 million visitors a month, Groupe aufeminin’s presence is growing on the mobile market, with 66 million visitors, and tablet market, with 15 million visitors, and is developing its presence on all other platforms, including video, print and social networks⁽¹⁾.

Groupe aufeminin, which is 80.8% owned by the Axel Springer Group, is listed on compartment B of Euronext Paris (ISIN: FR0004042083, Ticker: FEM). In 2015, with 370 staff, the Group recorded revenue of €93m and an EBITDA margin of 25%.

(1) Google Analytics, Groupe aufeminin, no double counting, November 2015

http://corporate.aufeminin.com

Appendices

I. CONSOLIDATED PROFIT & LOSS (€ '000)

(1) EBITDA results from operating income minus expenses, non-recurring operating income, and amortisation and provisions.
(2) Consolidation of Livingly Media as of 1 March, 2015 and divestment of Smart Adserver as of 30 April, 2015. For SmartAdServer, on both exercises, whole contribution was reclassified in” Income from discontinued operations”

II. CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2015 (€‘000)

III. CONSOLIDATED CASH FLOW STATEMENT (€‘000)

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