PARIS–(BUSINESS WIRE)–Regulatory News:
The Xilam Group (Paris:XIL) posted consolidated H1 2018 revenue of EUR 13,866 thousand, an increase of 50%. This increase represents an excellent performance, as it follows on the heels of growth of 54% in H1 2017. Revenue for the first part of this financial year breaks down as follows.
(1) Unaudited data.
Remarkable success for new releases +85%
Excellent H1 growth was driven by the two main businesses, New Productions and Catalogue.
In New Productions, H1 deliveries generated record revenue of EUR 8,465 thousand, an 85% increase compared with H1 2017, and confirmed Xilam’s position as a major European animation company.
Catalogue revenue was up 16% compared with H1 2017, thanks again to traditional TV channels and digital platforms, in both France and abroad.
A fast-paced delivery schedule
Thanks to its increasing production capacity in recent years, Xilam delivered 37 half-hour programmes over the half year, and has thus completed production of all episodes of:
A well-furnished catalogue which has again provided record catalogue revenue
H1 saw yet another historical performance for the catalogue, with sales up a further 16%.
YouTube income rocketed 73%, driven by almost 1.9 billion video views over the period, confirming Xilam’s position among the leading animated content providers on the largest global streaming platform.
This growth was mainly due to the success of Oggy & the Cockroaches and Zig & Sharko, with the number of video views for the latter now equalling that of Oggy & the Cockroaches.
The Group’s other content also contributed to sales growth in France, Italy and India, such as the two seasons of The Daltons.
Record sales expected in 2018
After this successful H1, the delivery of new productions will continue in H2 at a rapid rate, and catalogue sales are expected to enjoy a fresh increase, thus confirming continued robust growth.
Mr. Magoo, Zig & Sharko 3, Coach me if you can: expected global success
H2 will see the delivery of the first episodes of Mr. Magoo, Zig & Sharko 3 and Coach me if you can:
In view of this highly favourable outlook, Xilam is confident in its ability to post further record-breaking results for the financial year as a whole.
Xilam is also currently working on Tiny Bad Wolf (a new preschool series) and The Fabulous Adventures of Prince Moka (a new comedy), confirming its target of delivering 100 half-hour programmes per year as of 2020.
Xilam thus confirms its growing ability to create, produce and distribute high-quality animated programmes and market them at an increasingly rapid rate on the world’s largest global broadcasting platforms, providing these programmes, which it fully owns, with an excellent long-term asset value.
NB: The Group has adopted IFRS 15 – Revenue from Contracts with Customers, and this document therefore presents 2018 revenue after the application of this new standard. Using the same revenue recognition method as in 2017, H1 2018 revenue would have been EUR 8,094 thousand for New Productions and EUR 4,771 thousand for the Catalogue business. As the Group has opted for the cumulative recovery method, H1 2018 and FY 2018 financial statements will be restated in the notes to the financial statements for the effects of the application of this new standard.
Xilam is one of Europe’s leading animation companies, creating, producing and distributing original children’s and family entertainment content across TV, film and digital media platforms.
Founded in 1999 by Marc du Pontavice, Xilam owns a catalogue of more than 2,000 animated episodes and three feature films including strong brands such as Oggy & the Cockroaches, Zig & Sharko, The Daltons and its first pre-school series, Paprika.
Broadcast in over 190 countries on all the major TV networks and digital platforms, including YouTube with over 300 million video views monthly, Xilam’s programme catalogue makes the company one of the top global content providers in animation.
Xilam employs more than 400 people, including 300 artists, who are based across its four studios located in Paris, Lyon, Angoulême and Ho-Chi-Minh City in Vietnam.
Xilam is listed on Compartment B of Euronext Paris
ISIN code: FR0004034072 / Ticker: XIL
Source: Business Wire Entertainment News