(Boursier.com) — EuropaCorp , one of the very first independent film studios in Europe, producer and distributor of cinematographic works, announces its consolidated annual results, approved by the Board of Directors on June 20, 2024, closed on March 31. EuropaCorp recorded a positive net result of 0.9 ME thanks to the sustained activity of its catalog, the relaunch of its productions and the continued control of overheads, still on a downward trend. The consolidated annual turnover stood at €35.3 million, down slightly (-6%) compared to the previous financial year.
The cost of sales increased by 2.7 ME due to higher depreciation on fresh films, but thanks in particular to new savings on overheads, down by 2.7 ME (-19%), the result operational income stands at 3.6 ME (i.e. a margin of 10% like last year).
Net operating cash flows are positive at €18.4 million, allowing the Group to finance its investments and the deadlines of the Safeguard Plan while maintaining a high level of cash flow.
Regarding the upcoming line-up, an English-language film will be released in theaters in the 3rd quarter of 2024, and two others are currently filming.
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