PR Newswire/Les Echos/
PRESS RELEASE
Annual revenue for FY2012/2013 shows 10% growth
year over year
* Revenue is EUR186m, which reflects a significant upturn in television
production results (15.3% of total revenue) and the continued stability of
International Sales, which were driven by the success of Taken 2, in
particular.
Saint-Denis, 23 May 2013 - EUROPACORP, the producer and distributor of feature
films and one of the leading independent film studios in Europe, today
announces its consolidated annual revenue (unaudited) for FY2012/2013, which
ended on 31 March 2013.
Q4 and annual consolidated revenue (unaudited)
Revenue* Q4 Q4 12 months 12 months Var.
(EURm) 2012/13 2011/12 2012/13 2011/12 12 months %
International Sales 19.9 28.3 71.7 73.9 -2.9%
% of revenue 29.6% 37.7% 38.6% 43.9%
Cinemas, France 7.0 3.3 16.2 14.0 15.8%
% of revenue 10.4% 4.4% 8.7% 8.3%
Video, France 7.1 9.9 15.1 18.4 -17.5%
% of revenue 10.5% 13.2% 8.1% 10.9%
Television, France 15.1 21.7 41.4 37.7 9.9%
% of revenue 22.5% 28.9% 22.3% 22.4%
Subsidies 2.4 4.2 6.8 8.5 -20.1%
% of revenue 3.6% 5.6% 3.6% 5.0%
TV Series 12.8 5.2 28.4 8.8 222.1%
% of revenue 19.1% 7.0% 15.3% 5.2%
Other Activities 2.8 2.3 6.1 7.1 -13.5%
% of revenue 4.2% 3.1% 3.3% 4.2%
EuropaCorp Group 67.2 75.0 185.8 168.3 10.4%
* Financial year ends on 31 March of each year
- Q4 revenue
Revenue for the fourth quarter of FY2012/2013 totals EUR67.2m and is mainly
characterised by the strong growth of the TV Series segment, which alone
represents more than 19% of Q4 revenue, compared to 7% for the fourth quarter
of FY2011/2012.
Cinemas, France generated EUR7m over the quarter, in particular due to the
performance of Möbius, directed by Eric Rochant, starring Jean Dujardin and
Cécile de France, which was released in February 2013 and It Boy, directed by
David Moreau, starring Virginie Efira and Pierre Niney, which was released in
French theatres in March 2013. As of 31 March, each of these two films had
recorded more than one million admissions.
International Sales recorded EUR19.9m of revenue over the quarter and primarily
correspond to the income associated with the contractual stages defined with
the US distributor of Malavita, which were reached at the close of the
financial year. They also correspond to the deliveries of Möbius and
Intersections, as well as royalties generated by catalogue films. Revenue for
the quarter also includes the start of royalty payments from the first sales
of Taken 2 marketing rights.
Video, France performance (EUR7.1m) was solid over the quarter and includes
revenue from the video release of Taken 2 (February 2013).
Sales for Television France are dependent on broadcasting windows opening, but
remained high over the quarter (EUR15.1m).
Detailed change in quarterly revenue (unaudited)
2012/13 2011/12
Revenue (EURM) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
International Sales 8.3 38.5 5.0 19.9 4.0 34.9 6.6 28.3
Cinemas, France 1.3 0.5 7.4 7.0 2.1 1.9 6.6 3.3
Video, France 3.2 2.1 2.7 7.1 2.8 2.0 3.6 9.9
Television, France 7.9 11.2 7.2 15.1 6.1 6.9 3.0 21.7
Subsidies 0.7 0.2 3.4 2.4 1.9 0.6 1.7 4.2
TV Series 0.0 5.6 10.0 12.8 0.5 2.9 0.2 5.2
Other Activities 0.5 2.1 0.7 2.8 1.6 2.2 1.0 2.3
Group Total 21.9 60.1 36.5 67.2 19.2 51.4 22.7 75.0
- Annual revenue
Annual revenue for FY2012/2013 totals EUR185.8m.
TV Series sales increased significantly over the financial year, reaching
EUR28.4m. This validates the Group's strategy of developing recurring revenue
sources.
Revenue from this segment represents 15.3% of total annual revenue, compared to
5.2% for the previous financial year, and was mainly generated by marketing
rights to the series XIII, No Limit and Flight of the Storks.
The International Sales segment continued to perform well over the financial
year, with revenue of EUR71.7m. Results were driven both by Taken 2, which was
released in October 2012, royalties from catalogue films (Colombiana, Taken and
Transporter 3, among others) and the income associated with the contractual
stages defined with the US distributor of Malavita, which were reached at the
close of the financial year.
Cinemas, France sales rose to EUR16.2m during the past financial year, up
around 16% compared to FY2011/2012, with the release of 9 films, including
Taken 2 (around 3 million French admissions), It Boy (more than 1.4 million
French admissions to date) and Möbius (around 1.1 million French admissions).
The Video, France segment, with revenue of EUR15.1m, primarily benefited from
the video releases of Taken 2, Lock Out and The Lady, as well as continued
sales of catalogue films (A Monster In Paris, Colombiana, Tree of Life and
Little White Lies, in particular).
Television, France revenue grew by 9.9%, reaching EUR41.4m over the financial
year. This change was caused by a significant number of broadcast windows
opening during the financial year for television premieres, as well as
proactive catalogue management.
The Other Activities (EUR6.1m) primarily correspond to the revenue generated
from partnerships, music publishing and coproduction sales during
the financial year.
Revenue from Subsidies totalled EUR6.8m.
- Prospects
In FY2013/2014, the Cinemas, France segment will benefit from an extremely rich
and highly diversified line-up.
In the Television Series segment, shooting has started for the second season of
No Limit and the English-language series Taxi Brooklyn South is currently in
pre-production.
The coming financial year will also see the international release of three
English language films (Malavita, Three Days to Kill and Brick Mansions) and
the production of Luc Besson's next film, Lucy, starring Scarlett Johansson.
FY2013/2014 will also see the opening of the first EuropaCorp Cinemas movie
theatre.
Financial agenda 2013 - 2014
27/06/2013: Consolidated annual results 2012/2013
ABOUT EUROPACORP
EuropaCorp ranks amongst the top European film studios. Founded in 1999,
EuropaCorp's different activities include production, theatre distribution,
home entertainment, VOD, sales of TV rights for France as well as sales of
international rights, partnerships and licenses, original soundtrack production
and publishing. The Group has also been producing TV drama since 2010.
EuropaCorp's integrated financial model generates revenues from a wide range of
sources. With films from a wide range of genres and a strong presence in the
international market, the Group has produced some of the latest French
worldwide record-breaking successes. EuropaCorp's catalogue includes 500 films
and the company employs 120 permanent staff members. For more information go to
www.europacorp-corporate.com
Contacts
EuropaCorp Group Image Sept
Olivier Roullet - Sylvie Ruggieri /
Investor Relations Fabrice Rémon
oroullet@europacorp.com sruggieri@image7.fr / fremon@image7.fr
Tel: +33 1 55 99 00 00 Tel: +33 1 53 70 74 70
EuropaCorp is listed on Euronext Paris - Compartment C by NYSE Euronext
ISIN: FR0010490920 - Mnemonic: ECP
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