WEDIA’s Board of Directors, meeting on March 24, 2022, approved the accounts for the financial year ended December 31, 2021, which will be submitted to the next general meeting of shareholders, on May 6.
|
In thousands of euros |
2021 |
2020 |
Var. |
|
TURNOVER |
15.701 |
15.673 |
– |
|
Of which SaaS revenue |
8.746 |
8.017 |
+9% |
|
Of which Services |
6.720 |
6.963 |
-3% |
|
Of which Trading |
235 |
693 |
-66% |
|
GROSS OPERATING SURPLUS |
3.130 |
3.481 |
-10% |
|
As a % of turnover |
20% |
22% | |
CURRENT OPERATING INCOME | 1.364 | 1.587 | -14% |
|
NET PROFIT |
1.063 |
1.035 |
+3% |
Of which Proportion of Minorities | (140) | (125) |
2021: Business driven by SaaS revenue growth
For the whole of the 2021 financial year, the WEDIA group achieved a consolidated turnover of €15.7 million, stable compared to the 2020 financial year which, as a reminder, had posted a growth of 42%. The activity was mainly driven by the 9% growth in recurring revenues (SaaS) which now represent 56% of total turnover compared to 51% in 2020.
The Group’s Services activity (consulting, configuration, change management) fell slightly following a reduction in the number of days worked (destocking of leave accumulated during the Covid-19 crisis and training of internal resources), a reduction partially offset by an increase daily rate charged. Finally, trading, a non-strategic activity, is in planned attrition and contracts by 67% to 232 k€.
Since 2015, turnover has increased by an average of 19% per year.
Solid results
EBITDA amounts to €3.1 million (compared to €3.5 million in 2020) and represents 20% of turnover. The slight contraction in EBITDA is mainly the result of investment choices (recruitment – particularly in R&D, marketing operations), investments partially offset by less recourse to subcontracting.
The Current Operating Result amounts to 1,364 k€ (compared to 1,587 k€ in 2020) with an amount of allocations to depreciation & provisions of 1,766 K€ including 1,686 K€ related to the amortization of R&D costs. From 2022, the group has reservoirs of increase in this operating profit with an announced reduction in allocations to intangible fixed assets (resulting from past acquisitions).
The Net Result amounts to 1,063 k€ (compared to 1,035 k€ in 2020), this Net Result is after deduction of the deferred tax charge (knowing that the group benefits from a tax deficit of nearly 17 M €).
Strengthened balance sheet and strong increase in cash flow
The amount of cash flow generated by the activity is positive at €4.2 million, which enabled the Wedia Group to invest €1.4 million in R&D.
In addition, during the year, the Group repaid €0.9 million in financial debt (including the last tranche of convertible bonds), and paid €0.3 million in dividends to its shareholders.
Available cash increased by €1.7 million over the year to stand at €7.5 million. Net Cash stood at nearly €5.3 million (ie a “gearing” of -38%).
The Group’s balance sheet has therefore strengthened over the year, giving it an even more solid financial structure to pursue its growth.
Proposed dividend at €0.34 per share
The Board of Directors, in accordance with the company’s policy of distributing an amount of dividends equivalent to that of the incentive, will propose to the General Meeting to maintain the dividend at 34 euro cents per share, identical to the previous year.
Outlook: a dynamic of growth
In 2021, the Group was able to convince very good global brands, in France, Germany and the United States (Wedia is now a partner of nearly 40% of CAC 40 companies and 4 of the 10 largest German companies).
Wedia has also just gained a foothold in the United Kingdom with the signing of a major player in the distribution of automotive parts.
In addition, the Group is once again listed by Gartner, Forrester or Constellation Research as one of the world leaders in its market, with a confirmed position in the world Top 10.
Objective confirmed
By 2024, the Wedia group, whose positioning and offer are fully in line with the digital transformation of marketing and commerce and which is recognized for its role as a consolidator of a still very fragmented market, confirms its objective of joining the Top 5 players in the world market with a turnover of over €30 million.
Next meeting: 2022 half-year revenue, Thursday July 28, 2022 after market close
About WEDIA (Isin: FR0010688440-ALWED) – www.wedia-group.com
Listed on Euronext Growth,
wedia
is an international Group, leader in SaaS software and consulting dedicated to marketing and communication departments. Through its two brands, Wedia and Galilée, the Group supports its customers, key accounts and ETIs, in managing the life cycle of their marketing content (product description, photos, videos, 3D, packaging, etc.) from their creation to to their distribution on all physical and digital channels.
The Group’s offerings thus enable consistent and personalized marketing, without scale limits, contributing to the commercial success of its customers. These successes are confirmed by Gartner and Forrester analysts, who rank Wedia in the Top 10 of global players in the field.
The Wedia group counts, among its customers, nearly 250 global brands, dozens of communicating ETIs and more than 550,000 users in more than 40 countries. It achieved 2021 revenue of €15.7 million, of which more than 55% was recurring revenue, and is basing its development on a proven mix of organic and external growth.
CONTACTS
Nicolas BOUTET – CEO –
Olivier SCHMITZ – CFO –
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– Press release on accounts, results
Full and original press release in PDF format:
https://www.actusnews.com/news/73679-2022_03_24_wedia_ra_2021-v2.pdf
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