(AOF) – Osmozis, specialist in the digital transition of campsites and holiday villages, generated a turnover of 12.7 million euros, an increase of more than 10% for the 2022-2023 financial year. For the period from September 1, 2022 to August 31, 2023, the group achieved a new record EBITDA (gross operating surplus) of 4.5 million euros, an improvement of 700,000 euros, or a margin of 35%. The group’s net profit stands at 702,000 euros compared to more than 1 million euros a year earlier.
Osmozis aims to continue the profitable growth trajectory of its activities for the 2023-2024 financial year, with EBITDA which should further improve compared to this financial year. Revenue should increase around +25% with the increase in revenue per location, linked to the ramp-up in the sale of Premium Subscription Services.
Osmozis will also continue its international development, particularly in the United Kingdom with the integration of Camping Connect which, beyond a direct contribution to turnover, has the potential for deployment of Premium Services which will gain momentum over the course of exercise.
“Our success lies in our ability to meet the important digital transition needs of our customers, both for the management of their site and for energy savings and associated CSR issues. The potential in our campsite market remains very important, particularly through the deployment of our connected services on our installed customer base or those resulting from targeted acquisitions such as with Camping Connect (UK). The integration of this profitable European player will allow us to accelerate our international presence and capitalize on our competitive advantages”, commented Gérard Tremblay, CEO of the Osmozis group.
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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.