Xilam

2021 Full-Year Results - Seite 2

24.4%

19.3%

 

Net income of the consolidated group

6,839

2,806

+144%

% of revenues

19.2%

12.8%

 

⁽¹⁾ Unaudited data
⁽²⁾ Excluding the Audiovisual Tax credit (ATC)
⁽³⁾ Including the Audiovisual Tax credit (ATC)

Marc du Pontavice, Chairman and CEO of Xilam, says: “The strong growth in our income in 2021 demonstrates the solidity of our model and its growth potential. We are entering 2022 with a record level of 21 projects in the pipeline and we plan to launch at least 10 new productions during the year, reflecting the extraordinary appetite of broadcasters for our premium content. With a strengthened and very experienced management team, top-tier talents and an effective organization, we are ideally positioned to benefit from the strong growth in the animation sector.”

Very strong uptick in revenues: +63%

For the first time, the Xilam Group’s total operating revenues exceeded €40m, to reach €40.2m as of 31 December 2021, growing by +63% compared to the 2020 fiscal year.

• Sales from new productions almost doubled to reach €20.5m.
• New productions subsidies tripled due to the group’s investment momentum in proprietary productions.
• As expected, catalogue revenues are experiencing a slight slowdown compared to 2020. This is mainly a cyclical effect since as there were no renewal scheduled in 2021 for the two main properties of the catalogue: Oggy and Zig and Sharko.

It should be remembered that business was negatively affected by the Trico series delivery being postponed to 2022.

The 2021 fiscal year was also marked by the Group’s rapid expansion abroad (78% of sales) especially on digital platforms which now account for 75% of sales (43% in 2019).

Record level of investments during the period

In 2021, investments in proprietary productions reached €31.2m, an increase of 25%. This strong business activity represents a total of 14 projects in production, including 3 for the Pre-school segment, 9 for the Kids’ segment and 2 for the Non-Kids’ segment. 7 of these productions are aimed at SVOD platforms.

Operating income doubles

Current operating income stood at €8.7m, i.e. double that of the 2020 fiscal year. This growth is both a result of a significant increase in revenues and a good control of fixed costs.