WEDIA: Results for the first half of 2024 – Stable turnover and current operating income – Favorable opinion on the simplified public purchase offer project – Evolution of governance – 09/19/2024 at 6:30 p.m.

*H1 2023 figures are presented as published

but also presented retired from the Galileo activity, sold on January 31, 2024 (**). The variations are calculated in relation to the proforma data.

For the first half of the 2024 financial year, the Wedia group achieved consolidated revenue of €6.9 million, stable compared to the first half of the 2023 financial year restated for the Galilée activities, sold in January 2024.

• The distribution of income by nature is as follows:

• SaaS revenues are stable at €5.5 million: the development of the existing Wedia customer base and the recovery of Iconosquare are in line with objectives, however, the acquisition of new customers was penalized by lengthened sales cycles. SaaS revenues now represent 81% of turnover and half of them are generated internationally.

The Group’s Services activity (consulting, configuration, change management) is generally stable.

Solid results thanks to good control of charges

• EBE stands at 19% of turnover (compared to 18% in 2023). This result is the result of:

• A 10% reduction in operating costs, particularly hosting costs, while continuing investments in marketing and R&D,

From a stabilization of the wage bill.

Current Operating Income stands at €469k (compared to €470k in H1 2023, adjusted for Galilée activity).

The Net Result, which includes the proceeds from the sale of Galilee, amounts to €1,568,000.

A healthy financial structure and solid operating flows

Cash available as of June 30, 2024 stands at more than €5.3 million, an amount equivalent to that of financial debts. Overall, cash flows related to operations, seasonal by nature, are nearly €2 million over the half-year.

Business dynamics

Over the past half-year, business momentum was affected by longer decision-making times for tendered projects.

Today, the group has more than 4,000 customers, present in more than 120 countries, and meets the expectations of both small and medium-sized businesses (a few thousand euros of ARR) and those of major accounts (several hundred thousand euros of ARR over an average period of 8 years).

Growth strategy

^{In the short term, the growth of Wedia’s activity depends on the evolution of decision-making times for large groups; the resumption of their investments will be decisive in influencing the dynamics of the 1}

er

semester 2024.

In the medium term, the rise of visual content (images, videos, 3D, etc.) and the growing influence of social networks in corporate communication position Digital Asset (DAM) and Social Media Management (SMM) solutions at the heart of marketing strategies. Wedia, by combining “DAM”, “SMM” and Artificial Intelligence, offers a unique offer on the “martech” market (Software solutions for marketing).

With this unique offering and its recent repositioning as a pure B2B SAAS player, the Group intends to undertake a phase of significant investments (generative AI, marketing, recruitment, etc.) in order to enter a new phase of its development. These growth initiatives require a long-term horizon in order to be implemented and therefore remain subject to uncertainties and execution risks. They should also affect the company’s profitability in the short term.

Reasoned opinion in favor of the Simplified Public Purchase Offer (OPAS) project

The Board of Directors of Wedia, which met today to approve the half-yearly accounts, also issued a reasoned opinion on the proposed simplified public tender offer initiated by Mercure, a company comprising Cathay Capital and the managers of the Wedia group, at a price of 30.50 euros per share. As a reminder, the price will be increased, in the event that the mandatory squeeze-out threshold of 90% of the capital and voting rights is reached at the end of the simplified public tender offer, by an additional price of 1.25 euros per share.

Based on the report submitted by the independent expert, who concluded that the price of the OPAS was fair – including in the event of implementation of the mandatory withdrawal procedure, the Board of Directors issued a favorable opinion, unanimously by its members, considering that the Offer is consistent with the interests of the Company, its shareholders and its employees, and therefore recommended that shareholders tender their Wedia shares to the Offer.

In this context, Mercure and Wedia Group will file their draft Information Memorandum and their draft Response Memorandum respectively with the Autorité des Marchés Financiers (AMF) in the coming days. The Offer, subject to the notice of compliance issued by the AMF, is expected to open in October 2024.

Evolution of governance

Following these deliberations and in order to reflect the new capital structure (Mercure controlling 57.2% of the share capital), the Board of Directors acknowledged the resignation of 3 directors (Messrs Olivier Grenet, Philippe Houdouin and Paul Perdrieu) and the co-optation of 3 new directors (Messrs Jean-Marc Prunet, Félix Wang and Bertrand Uchan) representing Cathay Capital.

Find all the information relating to the simplified public purchase offer project on www.opas-wedia.com

About Wedia (Isin: FR0010688440- ALWED) –

www.wedia-group.com

Listed on Euronext Growth, the Wedia group is an international player, specialist in B2B SaaS in the world of Digital Asset and Social Media Management. Through its two offers, Wedia and Iconosquare, the Group supports its clients (marketers, communicators, e-retailers, social media managers, etc.) in the sustainability, personalization, distribution and performance measurement of their content (photos, videos, social posts, etc.).

These offers enable the Group’s various clients to simplify the organization of their marketing content, automate their distribution across various digital and physical channels and ultimately measure their effectiveness. The Group’s high-end and innovative positioning is validated by prestigious clients (Decathlon, Universal, Merck and NASA) and by leading technology analysts (Gartner, Forrester and Constellation Research).

To serve its 4,000 customers in more than 120 countries, the Wedia group, based in France, Germany and Canada, can count on more than 100 committed employees. The Wedia group achieved a 2023 turnover of nearly €14 million, including more than 80% of SaaS revenues, and is driving its development with a proven mix of controlled organic and external growth.

CONTACTS

Nicolas BOUTET – CEO – actionnaires@wedia

.fr

https://www.actusnews.com/news/87780-2024_09_19_wedia_ra_s1_2024-v2.pdf

© Copyright Actusnews Wire