DGAP-News: Fyber N.V. / Key word(s): Strategic Company Decision/Change in Forecast
Fyber N.V. made several acquisitions over the past few years including Falk Realtime, Heyzap and Inneractive, all companies in the advertising technology (ad tech) space that have many synergies and complementary products. This past July, Fyber N.V. appointed Ziv Elul, former Inneractive co-founder and CEO, to CEO of the Fyber N.V. group, with the intention of bringing to a more comprehensive merger of the various business units, and with the goal of improving the operational efficiency of the Company.
Last week, Fyber N.V. announced its first positive adjusted EBITDA quarter, and shared that it will focus on increasing EBITDA margins. The company also updated an outlook for 2018 with positive EBITDA of over EUR15m.
"In the past few months we have put together a unified corporate management which has been focused on driving our revenue growth, while identifying synergies and redundancies that can help improve operational efficiency across the group," said Ziv Elul, CEO of Fyber N.V., "Our workforce reduction was a very difficult decision but ultimately it is a natural part of a merger and is a result of our focus on technology (such as programmatic trading and data) which allows us to scale quickly with less manpower. I am confident this will allow Fyber N.V. to be more agile as we continue pushing towards growth, profitability and technological excellence through product innovation."
About Fyber N.V.
28.09.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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