Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1404624/000156459018004158/aghi-10k_20171231.htm
March 2019
March 2019
November 2018
October 2018
October 2018
October 2018
August 2018
July 2018
July 2018
July 2018
Exhibit 99.1
More information: Torrey Martin SVP, Communications and Corporate Development 203.956.8746 tmartin@affiniongroup.com |
AFFINION GROUP HOLDINGS, INC. ANNOUNCES RESULTS FOR THE FOURTH QUARTER
AND YEAR ENDED DECEMBER 31, 2017
GLOBAL LOYALTY FULL YEAR REVENUE INCREASES 35% YEAR OVER YEAR
STAMFORD, Conn., March 1, 2018 Affinion Group Holdings, Inc. (Affinion Holdings or the Company), a global leader in loyalty and customer engagement, announced today the financial results for the three- and twelve-month periods ended December 31, 2017 (the fourth quarter or quarter and full year, respectively).
Key Highlights
☐ | Net revenues were $231.5 million in the fourth quarter of 2017 and $953.1 million for the full year. |
☐ | Income from operations was $37.0 million in the fourth quarter and $140.8 million for the full year. |
☐ | Adjusted EBITDA (as defined in Note (d) of Table 6) was $58.5 million in the fourth quarter and $235.2 million for the full year. |
During the fourth quarter, we saw solid results across our core businesses, highlighted by 23% revenue growth in our Global Loyalty segment and 7% Adjusted EBITDA growth in our core businesses, said Todd Siegel, the Companys Chief Executive Officer. Over the past year, we have positioned ourselves with a solid foundation for long-term success. We have capitalized on the positive momentum in the Global Loyalty segment, continued to make significant investments in our technology platform and data analytics capabilities, and simplified our capital structure and extended debt maturities.
For 2018, we are focused on continued growth in our core businesses, led by new client launches in our Global Loyalty segment and engagement solutions platform business, and continued solid performance in Insurance, continued Siegel. Given the positive trends we see in the marketplace, we anticipate continued earnings growth in our core businesses, as compared to 2017 results.
Results Highlights
Notes: Adjusted EBITDA as referred to above excludes any pro forma impact of acquisitions and other actions. See Table 5 for a complete description of Adjusted EBITDA by segment and the related reconciliations to GAAP measures. See Table 6 for a complete description of Adjusted EBITDA and the related reconciliations to GAAP measures.
Fourth Quarter Net Revenues
☐ | Net revenues for the fourth quarter of 2017 decreased 0.4%, from $232.4 million in the fourth quarter of 2016 to $231.5 million. The decrease in overall net revenues was primarily due to the expected revenue declines in our non-core Legacy Membership and Package segment, mostly offset by higher Global Loyalty revenue. |
☐ | Net revenues for the three core business segments (Global Loyalty, Global Customer Engagement and Insurance Solutions) for the fourth quarter of 2017 increased 5.1%, from $191.5 million in the fourth quarter of 2016 to $201.3 million. |
☐ | Net revenues for the Legacy Membership and Package segment decreased 26.7%, from $41.2 million in the fourth quarter of 2016 to $30.2 million. |
Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1404624/000156459018004158/aghi-10k_20171231.htm
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Affinion Group Holdings, Inc..
Affinion Group Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Affinion Group Holdings, Inc. provided additional information to their SEC Filing as exhibits
Ticker: AFGR
CIK: 1404624
Form Type: 10-K Annual Report
Accession Number: 0001564590-18-004158
Submitted to the SEC: Thu Mar 01 2018 5:25:10 PM EST
Accepted by the SEC: Thu Mar 01 2018
Period: Sunday, December 31, 2017
Industry: Business Services