PRESS RELEASE
Luxemburg, 09/30/2022
DNXCORP
First-half 2022 results
Operating income: €1,985k
DNXcorp announces its results for the first half ended 06/30/2022:
In K€ ) |
H1 2022 |
H1 2021 |
Change 2022 vs 2021 (%) |
Turnover |
9,780 |
10,247 | -4.6% |
Operating income* % of turnover |
1,985 20.3% |
1,755 17.1% | +13.1% |
Net income from continuing operations |
1,901 |
2,175 |
-12.6% |
Minority interests |
0 |
0 | |
Net income group share % of turnover |
1,901 19.4% |
2,175 21.2% | -12.6% |
Turnover
DNXcorp Group’s first-half 2022 revenue amounted to €9.8 million, down 4.6% compared to the first half of 2021.
Business is down slightly compared to the half of the previous year, during which sales were boosted by periods of confinement, which were relatively favorable to business.
Operating income*
The group’s operating profit* stands at €2.0 million, up sharply by 13.1% compared to the first half of 2021. The operating margin** stands at 20.3% of revenue compared to 17 .1% on the previous financial year.
The operating margin increased due to the reduction in advertising expenditure on Google which, following a change in its distribution policy for campaigns, has since September 2021 distributed the sector’s campaigns to a smaller, but more qualified audience.
Net profit
Net income amounted to €1.9 million, down 12.6% over one year. Net profitability, group share decreased slightly to 19.4% of revenue compared to 21.2% in the 1st half of 2021.
This decrease is mainly explained by the exceptional financial income of €466,000 recorded during the first half of 2021, linked to the capital gain on the sale of Syscommerce shares.
Treasury
Cash, less current financial liabilities, stood at €6.5 million as of June 30, 2022. The Group remains free of any bank loans.
Interim dividend
Contrary to its historical policy, the Group will not distribute an interim dividend. The Group’s cash flow was indeed impacted by the takeover of PK Multimedia on September 9, 2022, involving an initial payment of €4 million upon signature of the protocol.
*Operating result: revenue less all operating expenses
**Operating margin: operating profit / turnover
Next publication: Annual results
April 7, 2023
About DNXcorp
A European group specializing in the development and enhancement of audiences on the Internet, DNXcorp integrates all the key skills of the web: traffic generation, development of sites and services, multi-country payment solutions, video streaming technology, analysis CRM… This global expertise has enabled the Group to develop its own sites since 2000 in dynamic markets such as entertainment or dating….
Based in Luxembourg, with several European subsidiaries, the Group employs around fifty people. DNXcorp has been listed since 2019 on Euronext Growth Paris.
MNEMO Code: ALDNX
ISIN CODE: FR0010436584
Corporate website: www.dnxcorp.com
Contact DNXcorp: [email protected] + 352 27 00 28 00
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