ASMALLWORLD AG (SWX:ASWN) grew H1 revenue by 112%; balance sheet with a cash position of CHF 9.4M Donnerstag, 30. August 2018 - 07:01

ASMALLWORLD AG / Key word(s): Half Year Results
ASMALLWORLD AG (SWX:ASWN) grew H1 revenue by 112%; balance sheet with a cash
position of CHF 9.4M

30-Aug-2018 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Press release

ASMALLWORLD AG (SWX:ASWN) grew H1 revenue by 112%; balance sheet with a cash
position of CHF 9.4M

Zurich, 30.8.2018 - ASMALLWORLD AG (SWX:ASWN) today announced its H1 2018
results.

ASMALLWORLD looks back on robust revenue growth for the first half of 2018
and reaffirms its full year revenue guidance at the higher end of its
previously stated guidance of CHF 6.5 to 7.0M, a substantial increase from
2017 revenue of CHF 5M. Member count is also expected to develop in line
with the previously stated guidance of 34'000 to 36'000 members by the end
of the year.

For H1 2018, revenue came in at CHF 3.9M compared to CHF 1.8M in H1 2017, an
increase of 112% year-on-year.

Both business segments, Subscriptions and Services, contributed to the
positive revenue development. Subscriptions grew by 48% and Services by 339%
year-on-year. Subscription revenue growth was primarily driven by an
increase in members as well as the launch of the new Premium Memberships in
Q2. The number of members since the beginning of the year increased by about
16% to 33'074 members. Services revenue grew significantly due to more
events and the impact of ASW Travel; which was launched in July 2017 and
therefore contributed to the H1 result in 2018 but not to the same period
last year.

EBITDA for H1 stood at CHF -1.4M (vs. CHF -0.8M in H1 2017). The change in
absolute EBITDA was partly explained by the costs incurred for the public
listing as well as M&A-related activities (total CHF 0.4M). At full cost,
EBITDA margin improved from -45% to -36%. Adjusted for listing and
M&A-related cost, EBITDA margin improved to -27%.

The company presents a healthy balance sheet with a cash position of CHF
9.4M and equity of CHF 9.0M. This large cash position is primarily due to
the successful capital increase of CHF 8.3M in May.

The due diligence process for a potential acquisition of a luxury travel
community (announced on April 24) is in due course and planned to be
concluded in the coming weeks.

Further details and commentary are available in the H1 results presentation
which can be found here: https://www.asmallworldag.com/financial-reports

ASMALLWORLD AG will hold an H1 conference call at 3pm on August 30, 2018. To
participate in the call, please use the confirmation code '5571808' and the
following dial-in numbers: Switzerland: +41 (0)44 580 1022; United Kingdom:
+44 (0)330 336 9411; Germany: +49 (0)69 2222 2018; United States: +1
646-828-8144

Contact:

ASMALLWORLD AG
Jan Luescher, CEO
Bellerivestrasse 241
CH-8008 Zurich
press@asw.com


ASMALLWORLD - share the good life

ASMALLWORLD, the world's leading lifestyle community, is a private social
network that connects people with shared passion for the good life.

Each year, ASMALLWORLD organises more than 1000 events around the world,
where members can expand their private and professional networks. The
ASMALLWORLD website and mobile apps offer members the opportunity to engage
in discussions, obtain travel advice from the Travel Guides or other
members, or meet fellow members whilst travelling the world. Members also
enjoy exclusive privileges from international partners such as status
upgrades, discounts and additional services.

Besides the global ASMALLWORLD community, Zurich-based ASMALLWORLD AG
operates ASW Travel AG, which provides bespoke travel arrangements for its
customers, as well as The World's Finest Clubs AG, which offers its members
access to the most exclusive nightlife venues around the world.

More at www.asw.com and www.asmallworldag.com


---------------------------------------------------------------------------

End of ad hoc announcement

---------------------------------------------------------------------------