3 mei 2017 – In 2016, Icecat’s revenues expanded by 10.3% to 6 million EUR, and the use of its product database by e-commerce companies grew by 29%.
- Icecat prepared its successful IPO at NPEX
- Icecat data-sheets downloads soured by 29% to 8.4 billion
- 64,736 supported channel partners, an expansion by 21%
- Revenues expanded by 10.3% to 6 million EUR
- Gross margin grew by 10.8% year-on-year
- Expansion to new sectors such as Toys, Do It Yourself and Fast Moving Consumer Goods.
During 2016, Icecat management has dedicated itself to the preparation and announcement of Icecat’s IPO at the Dutch SME Exchange NPEX.nl, which included among others reporting in IFRS, producing a prospectus for prospective investors, holding investor meetings to explain Icecat’s proposition, appointing a second board member, preparing the foundation of a STAK (Stichting Administratiekantoor) for the successfully realized listing of depositary receipts,
and further professionalizing the internal organization.
At the same time, Icecat focused during 2016 on continued fast-growth of its revenues, +10.3% compared to 2015, at an almost similar profit level, despite the consultancy costs related to the IPO preparation. The gross margin (gross profit) of the company increased by 10.8%, at a similar pace as its revenues. The EBITDA decreased by -22.3% to 766 thousand euro, because of IPO-related costs and attributing less editor costs as prepaid for 2017 (-230 thousand euro). There were no significant changes in number of staff and (ICT) investments during 2016, compared to one year earlier.
During 2016, Icecat was able to expand its business in Europe and globally (Rest of the World), and expanded its activities in the Toys, Health & Beauty, Do It Yourself and Fast Moving Consumer Goods sectors, as intended.
Non-financial KPIs: fast expansion of Icecat’s digital footprint
Regarding its non-financial KPIs (Key Performance Indicators), the number of data-sheet downloads expanded by 29% to 8.4 billion downloads, the number of supported manufacturer brands increased by 25% to 15 thousand, the number of supported product categories grew by 40%, and the estimated number of connected channel partners (ecommerce users) expanded by 21%. The number of technical platforms stagnated, due to the concentration of users on popular ecommerce systems, like Magento Commerce, PrestaShop, VirtueMart, Ebay and Amazon. (More info).
Some more detailed insights in the 2016 trends by category as measured by Icecat, can be found here.
Some further insights in trends on manufacturer brand level as measured by Icecat, can be found here.
Incomes and expenses