Emakina Group 2017 results: continued international growth and positive operating margin trend

Emakina Group 2017 results: continued international growth and positive operating margin trend

Income of EUR 80,305,000, up 3.8%; EBITDA of EUR 5,727,000, up 6.1%

 

Summary of the official statement in French - www.emakina.com/financial/news

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Leading European independent agency Emakina Group (Euronext GROWTH Brussels : ALEMK), announces its annual results for 2017. The group’s consolidated sales amounted to EUR 80,304,612 compared with EUR 77,339,180 in 2016, an increase of 4% (stable at constant scope), boosted in particular by 9% growth in activities ‘outside Belgium’.

The EBITDA amounted to EUR 5,726,817 (EUR 5,180,967 at constant scope), compared with EUR 5,400,484 in 2016, an increase in absolute terms of 6.0%. Expressed as a percentage of total sales, EBITDA rose from 7.0% to 7.1% (6.7% at constant scope).

The 2017 current profit before tax amounted to EUR 1,375,730, owing to the increase in the amortisation of goodwill linked to the group’s external growth strategy and to the fall in the financial result in 2017, which benefited in 2016 from the favorable evolution of exchange rates. The net profit (EUR 32,206) may be attributed to the development of the current profit and non-recurrent charges. This net profit helps maintain the group’s equity base.

The group maintained its financial stability thanks to a net positive result, a level of financial indebtedness in line with its internationalisation strategy, working capital requirements under control and the availability of adequate credit lines.

In 2017, Emakina Group heightened its mastery of integrated digital experience platforms like Adobe, Salesforce, Kentico, Sitecore, Sitefinity and specialised solutions like Drupal, Magento, Umbraco, Selligent Marketing Cloud, Marketo, etc..

Some major new clients: BCGE Bank, Boucheron, Carrera, Courir, ECCO, First Stop, International Ice Hockey Federation, Intersport, Konica Minolta Europe, Le Pain Quotidien, Maxeda, Mondi, Öcard, Renault Nissan Consulting, Transdev, Vienna Tourism Board.

The group continues its geographical expansion. Beginning 2017, Emakina acquired all the capital in the Swedish agency Doe Blomberg Gottberg (DBG) and in 2018 it acquired all the shares in New York agency Karbyn, with a workforce of ten, and an annual turnover in 2017 of over USD 2 million.

Based on current commercial indicators and the existing scope, Emakina Group is expecting one-digit growth of its consolidated income in 2018.

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More information
www.emakina.com

This is the summary of the official statement in French:
www.emakina.com/financial/news

Contact us
Karim Chouikri Chief Executive Officer, Emakina Group
Frédéric Desonnay Chief Financial Officer, Emakina Group
Luc Malcorps Director of Media Relations, Emakina Group
Karim Chouikri Chief Executive Officer, Emakina Group
Frédéric Desonnay Chief Financial Officer, Emakina Group
Luc Malcorps Director of Media Relations, Emakina Group
About Emakina Group SA

Emakina Group, an EPAM Systems, Inc. company (NYSE: EPAM), is one of the leading digital groups of independent digital agencies, with 26 offices in 18 countries in Europe, the Middle East, Africa and North America.

Learn more at www.emakina.group and follow us on Twitter @EmakinaGroup.

About EPAM Systems

Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has leveraged its advanced software engineering heritage to become the foremost global digital transformation services provider – leading the industry in digital and physical product development and digital platform engineering services. Through its innovative strategy; integrated advisory, consulting and design capabilities; and unique ‘Engineering DNA,’ EPAM’s globally deployed hybrid teams help make the future real for clients and communities around the world by powering better enterprise, education and health platforms that connect people, optimize experiences, and improve people’s lives.

Selected by Newsweek as a 2021 Most Loved Workplace, EPAM’s global multi-disciplinary teams serve customers in more than 40 countries across five continents. As a recognized leader, EPAM is listed among the top 15 companies in Information Technology Services on the Fortune 1000 and ranked as the top IT services company on Fortune’s 100 Fastest-Growing Companies list for the last three consecutive years. EPAM is also listed among Ad Age’s top 25 World’s Largest Agency Companies and in 2020, Consulting Magazine named EPAM Continuum a top 20 Fastest-Growing Firm.

Learn more at www.epam.com and follow us on Twitter and LinkedIn.


Emakina Group SA
Rue Middelbourg 64A
1170 Watermaal-Bosvoorde
BELGIUM
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VAT 0464.812.221