GAUMONT

Half-year consolidated results as of June 30, 2020

Press release

Neuilly-sur-Seine, September 10, 2020

The Gaumont Board of Directors, which met today under the chairmanship of Nicolas Seydoux, approved the financial statements for the period ended June 30, 2020.

CONSOLIDATED HALF-YEAR RESULTS as of June 30, 2020

Key figures from operations (in millions of euros)	June 30, 20201	June 30, 2019	Change
Consolidated revenue	69.9	47.4	47%
Income from production and distribution before overheads	18.3	8.0	129%
Consolidated income attributable to owners of the parent	-5.9	-18.1	67%
Investments	41.8	71.1	-41%
Key balance sheet figures (in millions of euros)	June 30, 20201	December 31, 2019	Change
Equity attributable to owners of the parent	219.7	230.2	-5%
Net borrowings2	-10.6	30.4	n/a
1 The limited review procedures have been carried out and the statutory auditors’ report on the half-yearly financial information is currently being prepared.
2 Excluding IFRS 16 debt

The first half of 2020 saw the declaration of a health emergency in France and all other countries where Gaumont operates. This had two main impacts on operations: first, the closure of movie theaters to the public; second, the temporary halt in shooting, prior to its resumption with enhanced safety measures.
This resulted in an adjustment to the movie release schedule and a postponed delivery of the Group’s productions, the effects of which will be apparent in the second half of 2020.
No projects under way at the start of the health crisis were permanently shelved, and operations resumed at the end of the first half-year. Since March, Gaumont has been adapting its systems and working methods to ensure business continuity, while doing its utmost to protect the health of its employees and partners.