The Mitula Group has releases its financial results for the 12 months ended 30 June 2015 (“FY 2015”). Highlights include revenues of AUD 18.9 million, EBITDA of AUD 7.8 million and NPAT of AUD 5.8 million. The Mitula Group listed on the Australian Stock Exchange on 1 July 2015 and its FY 2015 results outperformed its pro forma forecast contained in its 12 June 2015 prospectus.
Positive results included:
|AUD 000’s||FY 2015 Pro Forma Actual||FY 2015 Pro Forma Forecast||% Change|
|Net Profit After Tax||5,848||5,223||12.0%|
The Mitula Group CEO and Co-Founder, Gonzalo del Pozo, said: “We are very pleased with the performance of Mitula Group over the last 12 months. We have managed to beat our prospectus pro forma forecast and we are on track to deliver our pro forma forecast for the 12 months to 31 December 2015 and the 12 months to 30 June 2016.”
Simon Baker, Chairman of the Mitula Group, stated: “I am delighted that Gonzalo and the team have continued to rapidly grow the business, especially during a very challenging period that included listing on the ASX, the acquisition of Lokku in the UK, and changing the corporate structure. I am confident we will achieve further positive results as we continue to grow the Mitula Group.”
Key Operational Metrics
When compared to the same corresponding period, the Mitula Group saw strong growth across all key internal metrics.
|June 2015||June 2014||% Change|
|Listings||253.2 m||183.7 m||37.8%|
|Visits||47.3 m||37.9 m||24.8%|
|Click Outs||68.9 m||52.6 m||31.0%|
|Click Outs / Visit||1.46||1.39||5.0%|
|% Click Outs Sold||57.3%||43.0%|
Of particular note were the 5.0% growth in click outs per visit from 1.39 to 1.46 and the increase in the percentage of click outs sold. A click out occurs when a visitor to the site clicks on a listing and is directed back to the originating site.
Guidance for CY 2015 and FY 2016
The Mitula Group remains confident of achieving the pro forma forecasts for the 12 months to December 2015 (“CY 2015”) and 12 months to June 2016 (“FY 2016”) periods as outlined in the Mitula Group Prospectus dated 12 June 2015.
CY 2015 Pro Forma Forecast
FY 2016 Pro Forma Forecast
|Direct CPC Revenue||15,184||17,353|
Simon Baker, the founder of Property Portal Watch, is also the Chairman of the Mitula Group.