21.9.2021 11:01:29 CEST | Mdundo.com A/S |
Offentliggørelse af årsrapport
Bestyrelsen for Mdundo.com A/S har godkendt selskabets årsrapport for perioden 1. juli 2020 – 30. juni 2021.
Selskabsmeddelelse nr. 12-2021
Highlights:
Brugervækst er på rette spor:
Ved udgangen af regnskabsåret i juni 2021 havde koncernen ca. 8,7 millioner unikke månedlige brugere, hvilket var en stigning på 74% siden regnskabsårets begyndelse.
Vestafrika er den hurtigst voksende region med 138% som følge af et stigende fokus på Nigeria og Ghana.
Østafrika havde den største brugerbase for virksomheden i slutningen af året.
Partnerskaber med teleselskaber:
Mdundo har lanceret teleselskabspartnerskaber med Vodacom i Tanzania samt MTN og Airtel i Nigeria.
De tre teleselskaber har en samlet base på 125 millioner abonnenter, der nu kan købe adgang til Mdundos premium musikpakker.
Dette understøtter 1) Mdundos mission om at blive den primære panafrikanske musikplatform og 2) at opnå en større andel af betalende brugere over tid.
Stejl katalogvækst især på nye markeder:
I løbet af regnskabsåret har virksomheden øget sit afrikanske musikkatalog betydeligt fra omkring 200.000 sange til næsten 300.000 sange. Vestafrika var den hurtigst voksende region med 92% katalogvækst.
Mdundo har indgået aftaler med tre af Afrikas førende pladeselskaber: Davido Music Worldwide (DMW), Jungle Entertainment og Keyqaad.
Finansiel performance:
EBITDA for året udgørDKK -6,3 mio., hvilket er væsentligt bedre end den seneste forventning fra selskabet, der var et EBITDA på minus DKK 8-9 mio. Det ordinære resultat efter skat udgør -8,4 mio. Ledelsen anser årets resultat for tilfredsstillende og i tråd med virksomhedens investerings- og vækststrategi og mission om at være den primære panafrikanske musiktjeneste inden for få år og have 18 millioner unikke månedlige brugere medio 2022.
Outlook:
Virksomheden har tidligere meddelt markedet, at antallet af månedlige aktive brugere forventes at stige med ca. 100% til 18 millioner ved udgangen af regnskabsåret 2021/22.
Virksomheden forventer at implementere yderligere 1-2 partnerskabsaftaler med teleselskaber inden udgangen af kalenderåret 2021.
Koncernen forventer en stigning i omsætningen fra DKK 2,3 mio. I 2020/21 til DKK 9-10 mio. i 2021/22, mens EBITDA forventes at ligge i intervallet minus DKK 10-11 mio. i 2021/22, som et resultat af fortsat aggressiv investering i brugervækst og geografisk ekspansion. Dette er i overensstemmelse med virksomhedens tidligere forventninger.
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
Annual report 202021 – Mdundo.com AS.pdf
21.9.2021 11:01:29 CEST | Mdundo.com A/S |
Annual report
The Board of Directors of Mdundo.com A/S has approved the company’s annual report for the period 1st July 2020 – 30th June 2021.
Company Announcement Number 12-2021
Highlights:
User growth is on track:
At the end of the financial year, the group had approx. 8.7 million unique monthly users, which was an increase of 74% since the beginning of the financial year.
West Africa is the fastest growing region with 138% as a result of the increasing focus on Nigeria and Ghana.
East Africa had the largest user base for the company at the end of the year.
Partnerships with telecommunications companies:
Mdundo has launched telecommunication partnerships across Africa with Vodacom in Tanzania as well as MTN and Airtel in Nigeria.
The three telecommunications companies have a combined user base of 125 million subscribers that can now purchase access to Mdundo’s premium music packages.
This supports 1) Mdundo’s mission to become the primary pan-African music platform and 2) to achieve a larger share of paying users over time.
Steep catalogue growth especially in new markets:
During the year, the company has significantly increased its African music catalogue from around 200,000 songs to almost 300,000 songs, West Africa was the fastest growing region with 92% catalogue growth.
Mdundo has entered into agreements with three of Africa’s leading record companies: Davido Music Worldwide (DMW), Jungle Entertainment and Keyqaad.
Financial performance:
EBITDA for the year amounts to DKK -6.3 million, which is significantly better than the latest guidance from the Company which was an EBITDA of minus DKK 8-9 million. The ordinary result after tax amounts to DKK -8.4 million. Management considers the result for the year satisfactory and in line with the company’s investment and growth strategy and mission to be the primary pan-African music service within a few years and have 18 million unique monthly users mid-2022.
Outlook:
The company has previously announced to the market that the number of monthly active users is expected to increase by approx. 100% to 18 million in 2022.
The company expects to implement another 1-2 telecommunications partnership agreements by the end of the calendar year 2021.
The group expects an increase in revenue from DKK 2.3 million in 2020/21 to DKK 9-10 million in 2021/22, while EBITDA is expected to be in the range of minus DKK 10 -11 million in 2021/22, as a result of continued aggressive investment in user growth and geographic expansion. This is in line with previous expectations set by the company.
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
Annual report 202021 – Mdundo.com AS.pdf
