LONDON (ShareCast) - Technology firm Marimedia was a strong riser on Thursday morning after revealing that it expects high single digit percentage full-year revenue growth this year compared with 2014.
The gains are expected to come mainly from the mobile segment, which it last month decided would become the sole focus of the business.

It said it would continue to invest in mobile, but that the impact of this is expected to be a reduction in earnings before interest, tax, depreciation and amortisation (EBITDA) this year.

Its decision to transfer some of its staff into the mobile segment is set to result in cost saving of around $1m this year.

Looking beyond 2015, the company said it expects an acceleration of growth as a result of it launching, in the next quarter, what the directors believe will be the industry's first integrated mobile SSP and DSP in one solution with a single platform.

It reported that it has already received "extensive interest" in this new solution, and expects strong organic growth in mobile revenues in 2015 and 2016.

"Our mobile business is growing very rapidly and we remain cash generative and profitable," said chief executive officer Hagai Tal.

"Our product and service development programmes are on track to meet the changes in the industry and we expect to create significant value to shareholders from the commercialisation of our assets."

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