9.2.2021 07:31:08 CET | Mdundo.com A/S |
Periodeoplysning
Første halvår 2020/21 har været stærkt for Mdundo.com A/S med en vækst på 39% i antallet af unikke brugere per måned fra 5,0 millioner i juni til 7,0 millioner i december, og dermed et stort skridt i retning af målet om at have ca. 8,5-9 millioner brugere i juni 2021 og 18 millioner i 2022. Selskabet annoncerede efter periodens afslutning et partnerskab med Vodacom Tanzania.
Selskabsmeddelelse nr. 3-2021
Selskabet offentliggør halvårsrapport for perioden 1. juli – 31. december 2020, og resultaterne vil blive præsenteret af management på et webinar d. 9. februar kl. 11.00. Link til tilmelding findes her: linkedin.com/company/mdundo/
Highlights:
Stærk bruger- og musikvækst:
Ved afslutning af perioden i december 2020 havde Mdundo 7,0 mio. unikke aktive brugere, hvilket var en stigning på 39% fra juni 2020. Den hurtigst voksende region var Vestafrika med 63% vækstrate.
Mdundo.com havde 1,4 mio. internationale musiknumre samt ca. 262.000 musiknumre (58% vækst fra 2019 til 2020) uploadet direkte til Mdundo.com ved afslutning af perioden. Den kraftigste vækst var i Vestafrika med 197% vækst fra 2019 til 2020.
50% vækst i omsætningen:
Omsætningen, som hovedsageligt stammer fra reklamesalg, for perioden var DKK 1,3 mio., hvilket er en stigning på 50,6% i forhold til samme periode sidste år.
EBITDA for perioden var DKK 3,0 mio., hvilket svarer til ledelsens forventning og strategi, hvor der investeres kraftigt i brugervækst, produktforbedringer og geografisk ekspansion.
Aggressiv ramp-up af teamet for at skabe fremtidig vækst:
Selskabet er vokset fra 12 fuldtidsmedarbejdere og 11 fuldtidskonsulenter til 16 fuldtidsmedarbejdere og 17 fuldtidskonsulenter inden for første halvår 2020/21, hvor den største ekspansion har været salgsteamet i Nigeria, Tanzania og Ghana.
Hovedparten af de nye medarbejdere er ansat i november – december 2020, hvorfor omsætningen i 1h ikke afspejler dette. Specielt på salgssiden forventer ledelsen at se en effekt af ramp-up startende i Q3 og stigende i Q4.
Selskabet annoncerede efter periodens afslutning et partnerskab med Vodacom Tanzania.
Outlook:
Mdundo har tidligere meddelt, at antallet af månedlige aktive brugere forventes at stige til ca. 8,5-9,0 mio. i juni 2021 og stiger yderligere med ca. 100% til niveauet 18 mio. i juni 2022. Denne forventning gentages, dog forventer selskabet en flad eller let faldende udvikling i antallet af aktive brugere, når 3. kvartalsmeddelelse offentliggøres. Dette skyldes en række tests (bl.a. inden for search engine optimization) og en lavere omkostning på marketing i denne periode.
Selskabets forventninger til omsætning og EBITDA for regnskabsåret 2020/21 fastholdes på tidligere udmeldte niveau.
Kontakter
Jesper Vesten Drescher, Bestyrelsesformand/Chairman of the board, +4523229900, ir@mdundo.com
Om Mdundo.com A/S
Mdundo er en ledende musiktjeneste i Afrika med millioner af brugere som streamer og downloader via vores hjemmeside og app hver eneste måned. Vores ambition er at give Afrikas millioner af internetabonnementer nem adgang til musik samt bidrage til struktur, legalitet og omsætning til musikindustrien. Mere: https://mdundo.com/
Mdundo.com A/SJagtvænget 22920 Charlottenlundwww.mdundo.com
Certified Adviser Kapital Partner ApSJernbanegade 41608 København V+45 89 88 78 46www.kaptalpartner.dk
Vedhæftninger
Download selskabsmeddelelse.pdf
Half-Year Report 202021.pdf
9.2.2021 07:31:08 CET | Mdundo.com A/S |
Interim information
It has been a strong half-year for Mdundo.com with a growth of 39% in monthly active users from 5.0 million in June to 7.0 million in December and thus a significant step towards the goals of 9 million monthly active users in June 2021 and 18 million in June 2022. The company has announced a partnership with Vodacom Tanzania on 4th of January 2021.
Company Announcement Number 3-2021
The company is releasing the half-year report for the period 1st July to 31st December 2020, and the results will be presented by management on a webinar at 11am (CET). Sign-up here: linkedin.com/company/mdundo/
Highlights:
Strong user and catalogue growth:
At the end of the period in December 2020, the Group had 7m unique users per month, up 39% since June 2020. The fastest growing region was Western Africa with a 63% growth rate.
Mdundo had 1.4m international music tracks at the end of the period in addition to over 262k tracks uploaded directly to Mdundo.com (up 58% from 2019 to 2020). The fastest growing region was Western Africa with a 197% growth year-on-year.
50% growth in revenue:
The revenue for the financial period was DKK 1.3m. The revenue, which is primarily from advertisement, increased by 50.6% up from 863k for the same period last year.
EBITDA for the financial period was DKK -3.0m., which is in line with management’s expectations due to an aggressive investment in user-growth and geographical expansion, as well as investments in product development.
Aggressive expansion of the team to foster future growth:
The company has grown from 12 full-time employees and 11 full-time consultants to 16 full-time employees and 17 full-time consultants within the period, the fastest growing team is the advertisement sales team in Nigeria, Tanzania and Ghana.
Most of the team-expansion happened in November-December 2020, and especially on sales the company expects to see an effect of this starting in Q3 and increasing in Q4.
The company has announced a partnership with Vodacom Tanzania on 4th January 2021 attracting 5,000 paying beta-subscribers in December 2020.
Outlook:
Mdundo has already announced that monthly active users are expected to grow by 70-80% to eight and a half to nine million in 2021 with an additional growth of around 100% towards 2022, reaching 18m. This is still the expectation. Though, the company expects a flat or slight decline in monthly active users when Q3 report is released (compared to Q2) due to a number of tests (e.g. in regards to search engine optimization) and less marketing spend during this period.
The Company’s financial expectations, revenue and EBITDA, for the financial year 2020/21 are also unchanged.
Contacts
Jesper Vesten Drescher, Bestyrelsesformand/Chairman of the board, +4523229900, ir@mdundo.com
About Mdundo.com A/S
Mdundo is a leading music service for Africa with millions of people streaming and downloading music from our app and website every month. We aim to provide Africa’s millions of internet users with easy access to music whilst contributing structure, legality, and income to the sector. More info: https://mdundo.com/
Mdundo.com A/SJagtvænget 22920 Charlottenlundwww.mdundo.com
Certified Adviser Kapital Partner ApSJernbanegade 41608 København V+45 89 88 78 46www.kaptalpartner.dk
Attachments
Download announcement as PDF.pdf
Half-Year Report 202021.pdf
