(AOF) – Xilam Animation, an independent production and distribution company for animated programs, revealed its financial results for the first half of 2023, showing a consolidated net profit of 1.8 million euros, down by 41% compared to the first half of 2022, i.e. a net margin rate of 8.6%. Current operating profit amounted to 2.2 million euros, a contraction of 55%. Turnover over the period stood at 14.4 million euros, an increase of 49%.
As of June 30, 2023, gross cash amounted to €13.9 million, net financial debt to €15.6 million and non-self-liquidating net financial debt to €3.7 million. euros.
Xilam plans to invest around 40 million euros in 2023 (on parity between proprietary production and service) in expenses relating to new productions, a clear increase compared to 2022 (36.3 million euros).
The group is continuing to implement its Ambition 2026 plan, which aims to increase its revenues to 80 million euros when it expires.
© 2023 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
