SOLOCAL (EPA:LOCAL) - Solocal announces the sale of QDQ Media to AS Equity Partners

Transparency directive : regulatory news

02/03/2020 07:00

PRESS RELEASE
Boulogne-Billancourt, 2nd March 2020

         Solocal announces the sale of QDQ Media to AS Equity Partners

Solocal announces today the sale of its subsidiary, QDQ Media, a digital
marketing agency operating in Spain, to AS Equity Partners.

This divestiture is fully in line with Solocal 2020 strategic plan, enabling
Solocal to focus on its strategic activities and new range of digital services
offered to SMEs and large accounts in France.

In 2019, QDQ Media recorded a EUR22,9 million revenue and accounts for c.300
employees. Recurring EBITDA margin of this company was significantly lower
compared to the whole Solocal Group.

The transaction proceeds will not have any significant impact on Solocal cash
position and indebtedness. 2020 financial objectives previously announced by
Solocal remain unchanged(1).

AS Equity Partners will further support QDQ Media in its transformation and
development.

(1) On a comparable basis

Solocal - www.solocal.com
We are the local digital partner for companies. Our job: advising and
supporting them to boost their activity thanks to our digital services (Digital
Presence, Digital Advertising, Websites, New Print Solutions). We also provide
users with the best possible digital experience with PagesJaunes, Mappy and
Ooreka, and our partners (Google, Facebook, Apple, Microsoft/Bing, Yahoo!,
etc.). We provide professionals and the public with our high audience services,
geolocalised data, scalable technology platforms, unparalleled order intake
coverage across France, our privileged partnerships with digital companies and
our talents in terms of data, development, digital marketing, etc. We gather
375,000 companies all over France and 2.7 billion visits on our services.
Solocal moreover benefits from the "Digital Ad Trust Classique" label for its
PagesJaunes and Mappy digital services. To know more about Solocal (Euronext
Paris "LOCAL"): let's keep in touch @solocal

Press contacts                          Investor contacts

Charlotte Millet  +33 (0)1 46 23 30 00  Julie Gualino-Daly
charlotte.millet@solocal.com            +33 (0)1 46 23 42 12
                                        jgualino@solocal.com

Edwige Druon  +33 (0)1 46 23 37 56      Alima Lelarge Levy +33 (0)1 46 23 37 72
edruon@solocal.com                      alelargelevy@solocal.com

                                        Colin Verbrugghe +33 (0)1 46 23 40 13
                                        cverbrugghe@solocal.com

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SOLOCAL (EPA:LOCAL) - Solocal announces the sale of QDQ Media to AS Equity Partners

Transparency directive : regulatory news

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