Xilam Animation

2023 Full-Year Revenue - Seite 3

The financial year also saw a significant shift towards young-adult series, which now represent 40% of total sales, up from 14% in 2022.

Total operating income of €48,2 million, up 3% vs 2022

Grants remained steady in relation to 2022 (€6.0 million) despite the decrease in proprietary productions, due to stronger support for works commissioned by European channels.

In contrast, the audiovisual tax credit—which is strictly proportional to proprietary production expenses—saw a sharp decline. As a result, total operating income stood at €48.2 million, a change of +3%.

Production expenses increased to €39 million in 2023

The Group recorded production expenses of €39 million, a new record, compared with €36.4 million in 2022. This underscores Xilam's significant foothold in young-adult productions, which unlock substantial production budgets and are an area in which the Group plans to expand going forward.

A year of transition in 2024

In early January, the Group announced a successful €3.7m capital increase to strengthen its shareholders’ equity and liquidity.

Reduced investment in the children's segment by major streaming platforms during the second half of 2023 will substantially decrease revenue in 2024. Xilam is already working to rebuild its order book by redirecting some of its commercial efforts towards major European channels while maintaining its focus on the young-adult segment and exploring feature films, in which it saw considerable success a few years ago with the movie I Lost My Body. Xilam thus plans to create a new cycle of profitable growth.

Calendar

Publication of 2023 full-year results: 3 April 2024 (after market close)

About Xilam

As a major player in the animation industry, Xilam is an integrated studio founded in 1999 that creates, produces and distributes original programmes in more than 190 countries for children and adults, broadcast on television, and on SVoD (Netflix, Disney+, Amazon) and AVoD (YouTube, Facebook) platforms.

With a global reputation for creativity and innovation, coupled with cutting-edge editorial and commercial expertise, the company has cemented its position as a key player in the market. Every year, Xilam builds on soaring successes and capitalises on flagship franchises (Oggy and the Cockroaches, Zig & Sharko, Chicky) as well as new brands (Oggy Oggy, Mr Magoo, Karate Sheep), which are strengthening and expanding a substantial catalogue of more than 2,800 episodes and three feature films, including the Oscar-nominated I Lost My Body.

Xilam has unique CGI skills and employs more than 600 people, including 400 artists, across its studios in Paris, Lyon and Angoulême in France and Ho Chi Minh City in Vietnam. Xilam was ranked France's leading animation studio for the 2018-2022 period in a report by the French national centre for cinema and animation (CNC).

For more information, visit www.xilam.com

Xilam is listed on Euronext Paris Compartment C - PEA - SRD long Eligibility.

ISIN: FR0004034072, Symbol: XIL

View source version on businesswire.com: https://www.businesswire.com/news/home/20240214374746/en/

The Xilam animation Stock at the time of publication of the news with a fall of -1,13 % to 4,37EUR on Lang & Schwarz stock exchange (14. Februar 2024, 18:07 Uhr).