CLIQ Digital’s FY17 results were slightly short of guidance and consensus estimates, yet still delivered 23% increase in net income underpinned by improved marketing efficiency and lower overall marketing spend in H217. With new products launched in Q118 and the benefit of the recent acquisitions, CLIQ plans to increase marketing spend again in FY18, key to delivering its target for another year of double-digit improvements to net income. While the backdrop of increasing media spend acc
23 Apr 2018
Cliq Digital - Higher marketing spend key to growth
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Cliq Digital - Higher marketing spend key to growth
Cliq Digital AG (CLIQ:ETR) | 0 0 2.0% | Mkt Cap: 45.0m
- Published:
23 Apr 2018 -
Author:
Bridie Barrett -
Pages:
5
CLIQ Digital’s FY17 results were slightly short of guidance and consensus estimates, yet still delivered 23% increase in net income underpinned by improved marketing efficiency and lower overall marketing spend in H217. With new products launched in Q118 and the benefit of the recent acquisitions, CLIQ plans to increase marketing spend again in FY18, key to delivering its target for another year of double-digit improvements to net income. While the backdrop of increasing media spend acc