PUBLICATIONS
consolidated accounts at 31 December 2010
The results for 2010 boost the Proximedia Group’s leading position on the Internet for SMEs market.
- Sales and services up by 10.6% to €48.8 million
- Operating profit up by 5.3% to €5.9 million
- Net profit (before goodwill depreciation) up by 10.3% to €3.2 million
- Net profit (group share) up by 10.5% to €2.7 million
For the twelfth year in a row, the Proximedia Group’s key figures rose across the board. Securing 6,013 new contracts in 2010, the group set a new record.
Proximedia Belgium, the historic subsidiary, which saw sales growth of 2.5%, was supported by the new video (+15% for Bezoom) and e-marketing (+47% for BeUP) businesses.
The operating profit (EBIT) rose by 5.25% to €5.9 million and the net result outstripped the €3 million mark, up 11.95% despite the French subsidiaries seeing an operating loss of €0.4 million.
The EBITDA was up 12,3% to €17.7 million, making it possible to finance an ever greater proportion of the growth by limiting the debt position.
Self-constructed assets, which indicate self-financing of production, rose again by 27% to €10.3 million.
The balance sheet before distribution shows equity capital of €11.4 million in 2010, a clear sign of just how robust the group is.
Thanks to the concept of recurring subscription, the amount of fees to be invoiced over the next 4 years, which were acquired on 31/12/2010, is over €70 million. This more than covers the debt position linked to financing these contracts, which stands at €15.4 million.
Main figures for 2010 (compared with the results as at 31 December 2009)
Bezoom USA, which achieved sales and services of €0.4 million and a net result of €0.03 million, is not consolidated.
Outlook for 2011 : « « The foundations of the Proximedia Group are firmly rooted in the niche market of Internet services aimed at SMEs.
Social networks, interactive videos and mobile Internet are changing the way we communicate via the Internet and opening up new opportunities, which we intend to ensure our clients make the most of.
Our 12 years of experience give us a decisive edge over all our potential competitors.
The growth in our current and, especially, future recurring turnover shows just how robust our company is, and is the best indicator for our future.
We have every reason to be confidently optimistic about the outlook for 2011. »
Fabrice Wuyts, CEO Proximedia.
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