Xilam: Record 2017 Annual Results
The Board of Directors of Xilam Animation S.A. (Paris:XIL) convened on 27 March 2018. The meeting, chaired by Marc du Pontavice, was held to review the consolidated financial statements as at 31 December 2017.
|Consolidated income statement (in thousands of euros)||2017(1)||2017 restated(2)||2016||% chg.|
|Other current operating income||2,174||1,263||+72%|
|Total operating income||26,572||17,141||+55%|
|Other non-current operating income and (expenses)||-||16|
|Current operating margin||31.3%||35.5%||27.1%|
|(1) Audit underway|
|(2) Operating income and net income restated for the impact of the bonus share award plans|
|(3) Including subsidies and development|
Increased activity reveals the quality of the business model
Growing demand for Xilam’s new productions is a clear testament to the Group’s positioning. 2017 was a turning point in terms of the increased impact of Xilam’s business model.
Four factors are behind the sharp increase in income:
- business activity that is growing more quickly than the cost structure;
- increased value of new productions pre-sales is making a greater contribution to income;
- the expansion of the catalogue is mitigating the pace at which series are amortised;
- Xilam’s investment strategy allows it to retain almost 100% of the revenue from its productions.
This virtuous set-up demonstrates the strength of Xilam’s business model, which is beginning to have an impact on the Group’s financial results.
Xilam’s operating margin increased 77% to a record high of EUR 7.632 million, or 31.3% of revenues.
This published operating income figure includes the impact of the two bonus share award plans set up in 2016 and 2017, a portion of which has been provisioned in the year’s operating expenses.
Restated for the accounting impact of the expense associated with these two share plans and the related social security charges, operating income for 2017 would have totalled EUR 8.663 million, for an operating margin of 35.5%.
The Group’s net margin came out to 24.4%, with net income
totalling EUR 5.948 million, an 86% increase on
The income tax expense of EUR 1.950 million includes a deferred tax expense in the amount of EUR 1.163 million, with no impact on cash assets.
Restated net income includes the restatement of the expense associated with the bonus share award plans and the related tax assets, and totalled EUR 6.739 million.
Global demand rising sharply
Xilam posted a 54% increase in revenue compared to last year, driven by substantial growth in New Productions and Catalogue revenue.
The Group benefits from a favourable price effect on both New Productions (+42% in value terms, +24% in volume) and the Catalogue segment (+77%). This is primarily due to increased competition between traditional (free or pay) television channels and digital platforms. Digital platforms now account for 23% of total revenue (compared to barely 8% three years ago) and 40% of Catalogue revenue.
The 21% increase in the number of video views on YouTube, the world’s leading video streaming platform, to 2.6 billion in 2017, is clear evidence of the global demand for the Group’s content.
Powerful drivers that will support our growth
With a solid structure and a production team that is appropriately sized to satisfy the demand from television channels and digital platforms, Xilam is ready to move to the next level.
As such, seven different shows are currently in production:
- The fifth season of Oggy and the Cockroaches , which has been pre-purchased by Gulli in France and Cartoon Network internationally. With this new production, the Oggy brand will boast a total of 117 half-hour programmes produced in Ultra HD, thereby guaranteeing the brand’s global sustainability for several years to come. Deliveries will be completed in 2018.
- The studio's first pre-school show, Paprika , an original new series pre-purchased by France Télévisions in France and by Disney abroad, with delivery to be completed in the first half of 2018.
- The second season of Magic, bought by Gulli on the heels of a successful first season, with delivery to be completed in the first half of 2018.
- Mr Magoo, adapted from the famous American series from the 1950s and 60s, went into production in early 2017, following the purchase of rights by France Télévisions and Cartoon Network for deliveries in 2018.
- If I were an animal , a wildlife series designed especially for children, went into production in late 2016, following the purchase of rights by France Télévisions and Netflix for deliveries to be completed during the first quarter of 2018.
- Coach me if you can , an original, football-themed creation from the Xilam studio that is expected to be released worldwide and will be launched to coincide with Euro 2020.
- Season 3 of Zig & Sharko , which has already been pre-purchased by clients that subscribed to the previous seasons.
These series will enable Xilam to achieve its target of delivering 70 half-hour programmes in 2018, thereby confirming the solid progress of its operations. Xilam’s four studios (Paris, Lyon, Angoulême and Ho-Chi-Minh City) are now fully operational and well prepared to meet this target.
Other projects created in the Xilam studios will enter production in 2018. In particular, these include The Fabulous Adventures of Prince Moka and Tiny Bad Wolf , two original creations that will afford Xilam additional growth avenues in the coming years.
The Group is also continuing with its strategy of developing its catalogue income through merchandising revenues, drawing on the set-up of an agent network covering 75% of the world.
Chairman and CEO of Xilam, Marc du Pontavice, commented, “We
are proud and delighted to be able to present these record results to
our shareholders and investors. The relevance of the strategy adopted by
Xilam for more than 15 years was confirmed in 2017, as was the virtuous
circle achieved through original creations, management of the value
chain and formats adapted to international markets and the digital
Xilam’s unique positioning is the result of several long years of development, construction and investment.
With a stronger, more structured organisation and a buoyant economic backdrop, Xilam is now benefiting from all of its assets in order to continue its solid trend of growth and profitability.”
Xilam is one of Europe’s leading animation companies, creating, producing and distributing original children’s and family entertainment content across TV, film and digital media platforms.
Founded in 1995 by Marc du Pontavice, Xilam owns a catalogue of more than 2,000 animated episodes and three feature films including strong brands such as Oggy & the Cockroaches, Zig & Sharko, The Daltons and its first pre-school series, Paprika.
Broadcast in over 190 countries on all the major TV networks and digital platforms, in particular garnering over 2.6 billion views on YouTube in 2017, Xilam’s programme catalogue makes the company one of the top global content providers in animation.
Xilam employs more than 400 people, including 300 artists, who are based across its four studios located in Paris, Lyon, Angoulême and Ho-Chi-Minh City in Vietnam.
Xilam is listed on Compartment B of Euronext Paris
ISIN code: FR0004034072 / Ticker: XIL
Marc du Pontavice – Chairman and CEO
François Bardoux – CFO
Tel: +33 1 40 18 72 00
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Tilaa tiedotteet sähköpostiisi
Haluatko tietää asioista ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.
Lue lisää julkaisijalta Business Wire
CORRECTING AND REPLACING Teleperformance Groups ‘Praxidia Knowledge Services’ partners with CallMiner to launch TP Interact – a Comprehensive Interaction Analytics Solution22.5.2019 21:08:00 EEST | Tiedote
Please replace the release sent on May 21 2019 03:00 AM ET with the following corrected version due to multiple revisions. The corrected release reads: TELEPERFORMANCE GROUPS ‘PRAXIDIA KNOWLEDGE SERVICES’ PARTNERS WITH CALLMINER TO LAUNCH TP INTERACT – A COMPREHENSIVE INTERACTION ANALYTICS SOLUTION Praxidia Knowledge Services, a specialised subsidiary of the Teleperformance Group, today announced its strategic partnership with CallMiner to launch a customer solution called TP Interact. This speech and customer engagement analytics solution will optimise agent quality and customer satisfaction within contact centres across the globe. TP Interact’s managed analytics and consulting services, powered by the CallMiner Eureka speech analytics platform, is scalable in terms of both capacity and geography. This allows organisations across industry verticals to benefit from the invaluable insights driven by its customer interactions, regardless of call volume or channel. Through this partnershi
Mary Kay Inc.’s David Holl Named Among Top Ten Most Reputable CEOs in the World, According to Reputation Institute22.5.2019 20:00:00 EEST | Tiedote
Mary Kay Inc., a global beauty brand, today announced that Chairman and CEO David Holl is among the top ten most reputable chief executives in the world according to the Reputation Institute’s CEO RepTrak 2019. The Reputation Institute, the world’s leading provider of reputation measurement, measured the reputation of more than 140 global CEOs and canvassed more than 230,000 individual ratings among the informed public. The study was conducted in January and February of this year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190522005604/en/ David Holl, CEO Mary Kay Inc. (Photo: Mary Kay Inc.) “David’s leadership and operational expertise since being named CEO in 2006 has contributed significantly to Mary Kay’s success,” said Richard R. Rogers, son of Mary Kay Ash, co-founder and Executive Chairman of the Board. “Mary Kay is a brand born of purpose, and David’s steadfast commitment to our founding values has made him a tru
Secure-D Exposes Suspicious Android App with 500 Million Downloads22.5.2019 16:49:00 EEST | Tiedote
Upstream, a leading mobile technology company, has unveiled that the popular Android application VidMate triggers suspicious background activity. Hidden software within the app delivers invisible ads, generates fake clicks and purchases, installs other suspicious apps without consent and collects personal users’ information. Consequently, it depletes users’ data allowance and brings unwanted charges. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190522005501/en/ With over 500 million downloads reported, VidMate is a popular Android application for streaming and downloading videos and songs from services such as Dailymotion, Vimeo, and YouTube. It is not available in the Google Play Store but is distributed through third-party app stores like CNET or Uptodown. According to publicly available information, VidMate was developed by a subsidiary of UC Web, which is owned by Chinese conglomerate Alibaba. Over a recent period Upst
Airship’s Data Study Reveals the State of Global Mobile Permissions One Year into GDPR22.5.2019 16:35:00 EEST | Tiedote
With GDPR reaching its one year anniversary May 25, customer engagement company Airship today revealed top-level results of its global benchmark study, examining the state of mobile app user permissions across nearly 700 million people worldwide. While marketers trimmed customer lists to meet new regulatory requirements for "traditional" channels (i.e., email), mobile app audiences continue to grow — up globally by +16.6 percent year over year. Businesses are also sending more notifications — averaging 36 per user per month (up 18.4 percent since last year) — while the average notification opt-in rate remains high at over two-thirds (67 percent) of global app users. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190522005486/en/ With mobile app audiences growing around the world, businesses are more heavily leveraging notifications with negligible impact to opt-in rates. (Graphic: Business Wire) These metrics vary at a regio
Diligent Launches Modern Governance to Address Dangerous Governance Deficits and Announces New Modern Governance Summit22.5.2019 16:27:00 EEST | Tiedote
Today, Diligent Corporation launched a new category, called modern governance, designed to provide leaders with the missing key to bring governance into the digital age, along with new technology and a summit to support this well-designed system. Modern governance is the practice of empowering leaders with technology, insights, and processes to fuel good governance that organizations require to thrive and endure. Modern governance helps organizations address governance deficits. A governance deficit means an organization lacks the security, foresight, and accountability to withstand the onslaught of contemporary challenges – such as activist investors, cyber risk, regulation, diversity and global uncertainty. Feedback from Diligent’s 16,000 clients and the 600,000 leaders who use its technology – including more than 50% of the Fortune 1000, 70% of the FTSE 100, and 65% of the ASX – sparked the need for rethinking how companies and their boards should approach governance to navigate tod
Wipro Builds a Blockchain-Based Solution for Travacoin to Enable Digital Currency-Based Payments for the Airline Industry22.5.2019 15:19:00 EEST | Tiedote
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, today announced that it has developed a blockchain-based payment solution for Travacoin, a company specializing in an eponymous digital payment solution. Travacoin is a digital payment system which enables airlines to refund and compensate passengers in a timely manner when a disruption occurs. Passengers will be notified of a delay or cancellation and refunded in this digital currency, which can be used to repurchase airline tickets, book hotels and avail other airport and travel related services. Passengers will benefit by way of a significant reduction in the waiting time for compensation. In addition, passengers can use Travacoins at retail stores in and around the airport and avail attractive discounts offered by retail partners. By compensating passengers with Travacoins, airlines will be able to reduce their administrative overheads and
Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.Tutustu uutishuoneeseemme