(AOF) – Osmozis announces turnover for the 2022-2023 financial year at 12.8 million euros, up 10% year-on-year. The specialist in the digital transition of campsites and holiday villages underlines that it has achieved its first objective with Premium services growing by 23%, beyond the 20% anticipated. The emphasis placed on improving profitability will make it possible to achieve the second, the clear increase in EBITDA (gross operating surplus) compared to 3.8 million euros in 2021-2022), with an EBITDA margin which should remain at a high level.
“Osmozis confirmed its growth dynamic throughout the financial year, thanks to our promising positioning for the digital transformation of campsites and the commercial success of our range of connected services,” declares Gérard Tremblay, CEO of the Osmozis group. “In addition, the very high loyalty of our customer portfolio, with a low attrition rate of only 1.7% of our Premium Services, illustrates the adequacy of our solutions to the needs of the sector.”
AOF – LEARN MORE
Find out more about the Telecom Equipment Manufacturers sector
Downgraded outlook for smartphones
Faced with a decline in consumer purchasing power, participants in the global smartphone market had to face sales falling by 14% in the first quarter of 2023 compared to the same period in 2022.
According to IDC, global sales will be lower than expected in the second half, showing a decline of 3.2% compared to 2022. A drop of 1.1% was previously estimated. The Gartner firm predicted from the start a decline of 4% in the market. Chinese brands are particularly impacted. Very exposed to their domestic market, Xiaomi, Oppo and Vivo have already lost market share in 2022 and the situation is expected to continue this year.
Apple and Samsung are doing better because, even if sales volumes drop, these players can play on prices and maintain their business more thanks to high-end positioning.
The market situation is expected to improve in 2024: growth is expected to become weak but continuous.
End of price decline
Thanks to the price war, French consumers have benefited from some of the lowest internet prices in Europe. But little by little, subscription prices are increasing. According to the telecommunications authority (Arcep), in 2021 they increased by 3.1% for mobile and 5.1% for landline. If the current inflationary context can explain this rise in prices, it is not the only reason. All stakeholders are, in fact, seeking to improve their margins. They have already managed to outsource part of their investment expenses linked to the deployment of their fiber and mobile infrastructures (4G and 5G). Now they just have to increase their income. This is an important issue to benefit from a development of their performances. Generating a satisfactory level of available cash flow (free cash flow) also allows them to benefit from attractive financing conditions, in a sector which requires significant investments. Investments in the sector have almost reached 15 billion euros in 2021, a historic level. The increase has reached almost 50% since 2017.