Announcement • May 20
AdUX SA, Annual General Meeting, Jun 24, 2026 AdUX SA, Annual General Meeting, Jun 24, 2026. Location: 27 rue de mogador, paris France Announcement • May 22
AdUX SA, Annual General Meeting, Jun 26, 2025 AdUX SA, Annual General Meeting, Jun 26, 2025. Location: 27 rue de mogador, paris France Announcement • May 25
AdUX SA, Annual General Meeting, Jun 26, 2024 AdUX SA, Annual General Meeting, Jun 26, 2024. Location: 27 rue de mogador, paris France Announcement • May 09
AdUX Announces Stepping Down of Benjamin Van De Vrie from Board of Directors AdUX announced that Mr. Benjamin van de Vrie will step down from the company board of directors following the company’s Annual General Meeting to be held on 26th June 2024. Mr. Benjamin van de Vrie has been Chairman of the company’s Board of Directors since April 2022 and has overseen an important phase in the company’s development. In addition, the Board of Directors will now start the process of identifying and selecting an additional director to join the AdUX Board following the end of Mr. Benjamin van de Vrie’s tenure. New Risk • Feb 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 28% per year for the foreseeable future. Market cap is less than US$10m (€8.14m market cap, or US$8.77m). Minor Risks Negative equity (-€2.9m). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €1.43, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Media industry in Europe. Total loss to shareholders of 11% over the past three years. New Risk • Oct 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 31% per year for the foreseeable future. Market cap is less than US$10m (€6.47m market cap, or US$6.86m). Minor Risks Negative equity (-€2.9m). Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Reported Earnings • Apr 09
Full year 2022 earnings released Full year 2022 results: Revenue: €23.6m (down 1.3% from FY 2021). Net income: €4.09m (up €3.85m from FY 2021). Profit margin: 17% (up from 1.0% in FY 2021). Revenue is expected to decline by 3.5% p.a. on average during the next 2 years, while revenues in the Media industry in Germany are expected to grow by 3.2%. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.63, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Media industry in Europe. Total loss to shareholders of 1.5% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Catharina Hillström was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 13
First half 2022 earnings released First half 2022 results: Revenue: €11.4m (up 18% from 1H 2021). Net income: €134.0k (up €605.0k from 1H 2021). Profit margin: 1.2% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Media industry in Germany. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Catharina Hillström was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2022 The analyst covering AdUX previously expected the company to break even in 2021. New forecast suggests the company will make a profit of €1.70m in 2022. Average annual earnings growth of 69% is required to achieve expected profit on schedule. Reported Earnings • Aug 03
First half 2021 earnings released: €0.076 loss per share (vs €0.16 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: €9.60m (up 16% from 1H 2020). Net loss: €471.0k (loss narrowed 52% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Breakeven Date Change • Aug 01
Forecast breakeven moved forward to 2021 The 2 analysts covering AdUX previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of €710.0k in 2021. Earnings growth of 83% is required to achieve expected profit on schedule. Reported Earnings • May 01
Full year 2020 earnings released: €0.14 loss per share (vs €0.06 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: €17.9m (down 28% from FY 2019). Net loss: €851.0k (loss widened 113% from FY 2019). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 22
New 90-day high: €2.78 The company is up 112% from its price of €1.31 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.62 per share. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 17% share price gain to €1.82, the stock is trading at a trailing P/E ratio of 16.8x, up from the previous P/E ratio of 14.4x. This compares to an average P/E of 25x in the Media industry in Germany. Total return to shareholders over the past three years is a loss of 55%. Is New 90 Day High Low • Dec 31
New 90-day high: €1.78 The company is up 34% from its price of €1.32 on 02 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.39 per share. Valuation Update With 7 Day Price Move • Nov 24
Market bids up stock over the past week After last week's 19% share price gain to €1.65, the stock is trading at a trailing P/E ratio of 15.2x, up from the previous P/E ratio of 12.7x. This compares to an average P/E of 24x in the Media industry in Germany. Total return to shareholders over the past three years is a loss of 66%. Is New 90 Day High Low • Nov 24
New 90-day high: €1.65 The company is up 18% from its price of €1.39 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.96 per share. Is New 90 Day High Low • Nov 04
New 90-day low: €1.26 The company is down 3.0% from its price of €1.30 on 05 August 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.80 per share. Announcement • Jul 30
Antlia Investments B.V. acquired AdMoove Sweden AB from AdUX SA (ENXTPA:ADUX) for €0.32 million. Antlia Investments B.V. acquired AdMoove Sweden AB from AdUX SA (ENXTPA:ADUX) for €0.32 million on July 2, 2020. As per terms, Antlia Investments B.V., paid €0.10 million in cash and €0.31 million by offsetting the AdUX’s debt against its former subsidiary. The transaction was the subject of a specific report by the statutory auditors which was presented to the shareholders’ approval at the general meeting.
Antlia Investments B.V. completed the acquisition of AdMoove Sweden AB from AdUX SA (ENXTPA:ADUX) on July 2, 2020.