VIADEO Press release
10 November 2016
Request to suspend trading
2016 third-quarter revenues
PARIS (France) - Viadeo (FR0010325241, VIAD, Euronext Paris), the French professional social network, is releasing its revenues for the first nine months of 2016.
| €'000 (Unaudited figures) | 9 months 2016 | 9 months 2015 |
| Corporate revenues | 7,332 | 9,932 |
| - Recruitment / Training services | 5,330 | 6,308 |
| - Marketing / Advertising services | 2,002 | 3,624 |
| Online membership | 4,942 | 8,631 |
| Revenues* | 12,274 | 18,564 |
N.B. Revenues for the first nine months of 2015 are presented excluding business generated by the Tianji technical platform in China. This platform was shut down on 31 December 2015.
At 31 October 2016, the company had €1.3 million in cash (unaudited amount), factoring in deferred payments.
"As announced previously, our company will not be able to complete its turnaround strategy with its limited cash reserves. At the present time, it seems unlikely that we could secure new sources of funding and we are pursuing a range of alternative options. Our current shareholders should at this point consider Viadeo a speculative investment", explains Renier Lemmens, Viadeo's CEO.
About Viadeo
Created in 2005, Viadeo is France's leading professional social network, with close to 11 million members. Viadeo offers businesses, whatever their sector or location, bespoke support thanks to its teams present nationwide, as well as its range of solutions tailored to their specific needs. Lastly, Viadeo offers all French talents the transparency they deserve, connecting them to all the opportunities available through their network. To learn more, visit corporate.viadeo.com.
Press contacts
Calyptus
Marie-Anne Garigue / Grégory Bosson
Tel: +33 (0)1 53 65 68 63 / +33 (0)1 53 65 37 90
viadeo@calyptus.net
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Viadeo via Globenewswire
