WEDIA: Wedia – 2023 results – Growth of 17% in SaaS revenues – EBITDA of 22% – 03/28/2024 at 6:30 p.m.

(1) As announced on January 31, 2024, Wedia sold its stake in the company Galilée (51% owned). Wedia therefore publishes 2023 accounts restated for the Galilée activity. For the sake of comparison, the 2022 financial year is also restated for the Galileo activity but also presented as initially published.

(2) As a reminder, on April 30, 2022, the Wedia group acquired 100% of the capital of “Iconosquare” (Social Media Management SaaS solution) which was consolidated over 8 months in 2022

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For the entire 2023 financial year, the Wedia group, a B2B SaaS publisher for marketing and communication, achieved consolidated turnover of €13.9 million,

up 14%

compared to the 2022 financial year restated for the Galilée activity (€12.3 million).

The distribution of income by type is as follows:

• THE
  
  SaaS revenue
  
  are
  
  growing by 17%
  
  compared to the 2022 financial year. These revenues are growing continuously, with an average annual growth of 19% since 2020. SaaS revenues now represent 80% of revenues and half are generated internationally (including 19% in North America).

• The Group’s Services activity (consulting, configuration, change management) is stable compared to the 2022 financial year.

Results

EBITDA stands at 22% of turnover, this result reflects the control of salary costs and other costs, mainly impacted by the consolidation of Iconosquare over 12 months (versus 8 months in 2022).

Current Operating Income stands at €1,475 thousand (compared to €1,222 thousand in 2022).

Net income before goodwill allocations (€796 thousand) stood at €749 thousand (compared to €671 thousand in 2022).

The Net Profit of the consolidated group is (47) k€, it includes the result of the activities sold for (36) k€.

Overall, the exit of Galilée from the consolidation scope made it possible to significantly improve the Group’s results.

A healthy financial structure and solid operating flows

Available Cash as of December 31, 2023 stands at more than €2.8 million, knowing that the “Galilée” disposal proceeds were recorded as of January 30, 2024.

Net Debt stands at €2.8 million as of December 31, 2023, or 22% of shareholders’ equity. The variation (€619k) is largely the consequence of the deconsolidation of Galilée (effect of €822k).

Overall, cash flow from operations is €2.7 million. They made it possible to finance investments (R&D and balance of the acquisition of Iconosquare). Over the financial year, the Wedia Group repaid €694k of financial debt and contracted €2,122k.

Dividend proposal at €0.21 per share

The Board of Directors, in accordance with the company’s policy which consists of distributing an amount of dividends equivalent to that of the profit-sharing, will propose to the General Meeting to distribute a dividend of 21 euro cents per share, against 17 cents for the previous financial year.

Commercial dynamics

Investments in Sales and Marketing have enabled us to experience strong commercial momentum over the past financial year. The Group is proud to announce new signings with renowned companies, one of the world leaders in luxury in France, Canon Europe in Netherlands, the PAG bank in China, as well as numerous brands, particularly in the retail and luxury sectors (Fnac Darty, Pierre Hermé, Charles Heidsieck, JM Weston, Intersport, etc.).

In addition, Wedia was listed by Constellation Research as one of the 10 global players in “Digital Asset Management for High-Volume commerce”.

Growth strategy

The preponderance of visual content (photos, videos, 3D, etc.) and the growing weight of social networks in brand communication give Digital Asset and Social Media Management solutions a central position in the ecosystem of marketing applications. Wedia, by combining the two solutions – “DAM” and “SMM” -, offers a unique offering on the “martech” market.

In addition, the Wedia.ai initiative, dedicated to image generation, as well as the “AI Content Inspiration” functionality, focused on the creation of content for social networks, mark a thorough integration of artificial intelligence. This proactive strategy in the face of market developments gives the Group an undeniable competitive advantage.

Building on this unique offering and its recent repositioning as a B2B SAAS pure player, the Group can consider opening new markets, thus having significant growth potential. The 2024 financial year will be that of this transition.

Finally, recognized as a key player in the consolidation of a market that is still very fragmented, the Wedia group, with a cleaned-up balance sheet and almost zero net debt, confirms its active external growth strategy. This approach aims not only to strengthen its market presence, but also to expand the solutions portfolio, thus consolidating its leadership in the industry.

Next meeting :

Half-year turnover for 2024, Thursday July 25, 2024 after market close

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…).

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

To serve its 5,000 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 2023 revenues of nearly €14 million, including more than 80% SaaS revenues, and is driving its development with a proven mix of controlled organic and external growth.

CONTACTS

Nicolas BOUTET – CEO – [email protected]

Olivier SCHMITZ – DAF – [email protected]

Julia BRIDGER -Partner – [email protected]

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