(Boursier.com) — As of September 30, 2022, corresponding to the end of its first half, EuropaCorp achieves a turnover of 13.2 million euros, down -24% compared to the 1st half of the previous financial year, mainly due to lower Television & SVOD sales in the absence of rights openings significant linked to pre-financing
The operating margin stands at 6.7 ME, i.e. a margin rate of 51% (52% during the 1st half of 2021/2022), which makes it possible to cover overheads which are still under control.
The current result before tax is positive at 0.3 ME, or 3% of turnover. After taking into account tax income for 0.4 ME (including deferred taxes related to temporary differences in amortization for 0.5 ME), compared to -3.2 ME at September 30, 2021, the half-year result net Group share is positive at 0.6 ME
The financial structure is improving. As of September 30, net debt amounted to €21.7 million (€26.4 million as of March 31, 2022). This decrease is mainly explained by the payment of the second installment provided for by the Safeguard Plan concerning the reimbursement of the Senior debt for 12 ME (including 2 ME of interest) partially offset by the cash flows generated by the catalog and the cost containment. The Group’s cash only decreased by 6.3 ME and stood at 54.3 ME at September 30, 2022.
©2022 Boursier.com