Mitula Group reports record revenue, profit growth

01 Mar 2017

Mitula Group, the Spanish multi-vertical aggregator listed on the Australian Securities Exchange (ASX), reported record revenue and profit growth in FY2016. According to the company’s annual financial results, revenue grew 36 percent to $28 million AUD ($21 million U.S.) from FY2015.

This paved the way for an after tax profit of $8.2 million AUD ($6.3 million U.S.), which was 215 percent more than in FY2015.

Mitula revenue breakdown: pay-per-click biggest income generator

CEO Gonzalo del Pozo said the financial year 2016 was “a very good year for the Mitula Group”.

“We delivered strong growth on all key financial metrics.

“Particularly pleasing was the 216-percent increase in profit after tax, which was driven by strong growth in revenue and an adjusted EBITDA.

“Following the acquisition of [property site] Nuroa in February, and the launch of our fashion vertical and other new sites throughout the year, we now operate 88 vertical search sites across property, employment, motoring and fashion in 50 countries and 19 languages,” he said.

Visits to Mitula Group sites were in excess of 80 million and they generated 125 million click-outs for Mitula’s partners.

User statistics

Del Pozo also highlighted Mitula Group’s strategic move to “get closer to the transaction” with its acquisition of Southeast Asian property group DotProperty, which operates ten platforms in nine countries.

DotProperty contributed $1.2 million AUD in revenue in the final four months of the year, and the company expects revenue from this source to continue growing.

Click here for the full FY2016 results presentation. Click here for the press release PDF.

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Cila Warncke

Cila joined AIM Group in 2014 as writer/analyst for Spain. An Anglo-American living in Ibiza, she brings extensive international writing and consulting experience to the role. Educated at University of Pennsylvania (BA) and Glasgow University (MLitt), she has worked for wide range of consumer and B2B publications and companies in Europe and the USA, writing on topics ranging from marketing to travel to music to ultra-marathoning. She uses her writing, research and analytical skills to help clients tell their stories, grow their business, reach new audiences, build loyalty and exploit new media channels. Cila is also an award-winning essayist, creative writer and founder of Creative Writing Ibiza.