Ringier Africa achieves fourfold increase in revenue in first quarter
Ringier Africa runs classifieds, content and ecommerce operations across five Sub-Saharan African countries and sales revenue in the first three months of this year was four times higher than in the last quarter of 2014. Traffic has also increased over proportionally and Ringier now achieves more than 10 million monthly visits across its platforms.
Robin Lingg, CEO for Africa and Asia at Ringier said: “It’s great to see that our early focus and investment on the African continent is paying off. We are very happy about the recent development on revenue and reach, and the speed with which we are able to showcase serious growth here. At the same time all our platforms were able to improve their market positions and expand their customer bases and reach. We see these trends only accelerating across all markets and are looking forward to the next months.”
More about Ringier Africa’s Q1 2015 results.
Ringier is a FIPP member company.
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