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Consolidated results on 31 December 2005
Financial press release of the PROXIMEDIA Group
on its consolidated accounts of 31 December 2005
The leading website creator in Belgium continues to grow!
2005 :
- Increase of the turnover by 11,1% attaining 14,5 million €
- Increase of the trading income by 71,2% attaining 1,7 million €
- Growth of the net income (part of the group) by 95,5% attaining 0,8 million €
Turnover:
Thanks to a large and diversified offer, the Proximedia group reaches more and more economic operators. In 2005, this was translated into a larger number of contracts than initially budgetted (+ 8,4%). The turnover in proportion to each contract is also progressing. Without taking into account the Online contracts bought off in 2005, the portfolio of Proximedia and Horus consisted of 10.614 contracts on 31/12/2005, a net increase of 3% compared to the previous year. The integration of the Online Internet activities goes as foreseen, as the turnover and the net results of this acquisition are higher than anticipated.
Results:
The trading income registers an increase of 71,2% in one year and the net result has more than doubled compared to 2004.
This increase of the resulst can be explained by the net increase of the recurrent part of the turnover, creating a larger margin, progressing 30% compared to 2004. The quality of the client portfolio and the renewal rate of the contracts guarantee an increase supported by this recurrent turnover.
It must be noted that this income is moreover harmed by an exeptional negative result of 105.857€ due to, on the one hand, the complete assumption of the costs relating to the IPO and, on the other hand, the income on the provisions included for a lawsuit which ended in favour of the company.
Balance sheet:
Thanks to the IPO and the 2005 results, the own funds have more than doubled attaining 2,8 millions €. The necessary debt for financing the contracts only has an increase of 0,4 millions €, while the immovable assets have an increase of 1,2 millions € and the funds of 1,1 million €. In total, the debt/own funds rate is thereby divided into three.
Key figures for 2005:
(compared to the results of 31 December 2004 and the provisional figures communicated in July 2005 on the occasion of the IPO)
| Consolidated figures (Belgian GAAP) | Realised 2004 | Realised 2005 | Annual evolution | Budget 2005 | Realised vs Budget |
| Sales and services | 14.356.310 | 15.581.929 | +8,5% | 14.479.244 | +7,6% |
| Turnover | 13.073.348 | 14.524.953 | +11,1% | 13.495.303 | +7,6% |
| Trading income (EBIT) | 993.024 | 1.699.830 | +71,2% | 1.090.935 | +55,8% |
| Current income before tax deduction | 696.960 | 1.422.244 | +104,1% | 823.788 | +72,6% |
| Net income | 463.994 | 933.224 | +101,1% | 521.363 | +79,0% |
| Net income part of the group | 432.016 | 844.396 | +95,5% | 498.045 | +69,5% |
These results clearly exceed the predictions communicated to the investors on the occasion of the IPO, which already assumed a significant increase in 2005.
2006:
The increase of the autofinancing capacity and the recurrent turnover allows us to face the current financial year with confidence, as the Proximedia management assumes a new increase of the key figures of the group in 2006.
The first results of the new agency in France are also encourageing from this point of view.
Besides this internal increase confirmed by the results that were already registered in the course of the first trimester 2006, the group also counts on certain external increase projects for this financial year, but these are still being studied.
On the Proximedia group.
Since July 1998, the PROXIMEDIA group essentially offers computer services to SME, which are focused on 4 complementary businesses :
- evolving rental and maintenance of the computer material,
- the creation, the updates and the hosting of the websites,
- providing internet services such as connectivity, the control of domain names, the secured control of e-mail addresses and data protection,
- education on Internet, assistance by phone and repairs on site.
On 22 July 2005, the shares of the S.A. Proximedia have been subscribed for the first time on the free market of Euronext Brussels, following the opening of its capital to the public.
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