(AOF) – In 2023, Streamwide reached a record turnover of 19.5 million euros, an increase of 1.9 million euros (11%). This solid growth has a direct and positive impact on current operating income before depreciation and amortization (EBITDA), which increased by 1.7 million euros (+18% to 11.4 million euros) and represents 59% of annual revenues (+4 points). ). After depreciation (5.8 million euros, including 4.6 million euros for development costs), current operating profit (EBIT) came to 5.6 million euros, an increase of 1.2 million euros.
This Ebit represents 29% of annual revenues, compared to 25% in 2022. The net result is positive at 4.2 million euros, up 0.8 million euros compared to 2022. The net margin thus comes out to 21% against 19% in 2022.
In addition, the group’s financial structure was further strengthened as of December 31, 2023, with equity reaching 22.5 million euros (+1.4 million euros) and a significant net cash position of 6.4 million euros (excluding rental liabilities).
Gross cash flow stood at 15.6 million euros as of December 31, 2023, an increase of 4.3 million euros compared to December 31, 2022.
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Beautiful dynamic
According to the latest Truffle 100 ranking, the sector’s total turnover in France jumped 15% last year to cross the 25 billion euro mark. The sector has benefited from an unprecedented growth rate and confirms its recovery after the health crisis. The average annual growth over fifteen years is 12 times higher than that of GDP! Dassault Systèmes retains first place with more than 5.6 billion euros in revenue last year. Cegid, specialist in software for accountants, and the fintech Murex are placed in second and third position with respectively 791 and 711 million euros in turnover. Polarization is one of the characteristics of the sector: the gap in turnover between the 50th and the 100th publisher has increased further in 2022 to reach almost 28 million euros. Performance was improved as the profitability rate (as a percentage of turnover) increased from 9.1% to 10.4%. The outlook is good because artificial intelligence, seen as revolutionary, is expected to drive the market in 2023, as is cybersecurity.