(AOF) – Hopscotch’s turnover reached 51 million euros in the first quarter of 2023, up 12.5% compared to last year. Correlatively, the gross margin increased by 9.3% and reached 18.3 million euros. As expected, organic growth, measured by gross margin, and compared to a very good first quarter of 2022, is close to 3.5%. The rest of the growth is due to the consolidation of Hopscotch Sport, which entered the scope of consolidation in the second half of 2022.
Many projects could support this trend for the coming quarters. In particular, the approach of the 2024 Olympics in Paris will lead to a progressive dynamic in the group’s activities.
The group plans to maintain its external growth strategy with several identified projects.
In particular, Hopscotch confirms the continuation of its talks with the Vero group, based in South East Asia, specialist and leader in PR and digital communication in the region.
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Sector analysis Communication and Media
French players well positioned in audiovisual production
Among the independent players, the Frenchman Banijay is the world leader with an expected turnover of 3 billion euros in 2022 in a market which represents 100 billion in revenue. Mediawan (backed by the KKR fund), whose turnover amounts to 1 billion euros, is the other main French player in the sector. The market is still very fragmented because according to the European Audiovisual Observatory, the top twenty production groups were responsible for only 38% of titles created in 2020. However, experts believe that the sector has entered a phase consolidation. Thus Banijay’s stock market listing aims to enable it to better participate in this movement.