Revenue for 1st semester 2013

Press Release
Paris, 31 July 2013
6 month revenues to June 2013: +13%
YMAGIS (ISIN: FR0011471291, mnemonic: MAGIS), the European digital technology specialist for the cinema
exhibition, distribution and production industry posted a total turnover of 20.0 M€ for the 6 month period
ending June 30, an increase of 13% year on year.
Turnover break down across all activities is as follows:
As at 30 June, in k€
2013
2012
VAR %
12.757
7.285
10.182
7.551
+25.3%
-3.5%
Sales/installation
3.513
4.920
-28.6%
Laboratory/post-production
2.211
1.581
+39.8%
Online support services/maintenance
1.561
1.050
+48.7%
20.042
17.733
+13.0%
VPF
Services
TOTAL
Every line of business recorded a two figure growth over the period, with the exception of the Sales and
Installation of digital equipment business, particularly affected by the anticipated fall of installations in France,
where the cinema digitization is now almost completed. This fall should not, however, have an impact on the
progression of the Group profit for the first half of the year, since Sales and Installation contributes the least to
the Group overall profit margins.
Growth in VPF turnover, which with 12.8 M€ (+25.3% year on year) recorded for the period makes 64% of the
Group overall revenues, reflects that of the cinema screens under a VPF contract with YMAGIS between June
2012 and June 2013, as shown in the table below:
as at 30 June 2012
as at 30 June 2013
1,877
2,195
2,286
2,659
Number of cinema screens rolled out
Total number of screens signing a contract
Services revenues (36% of the Group total) fell by 3.5% to 7.3 M€, due as explained above to drop in sales of
digital projection equipment.
All other Services activities have boasted strong, double-digit figure growth:
Laboratory revenues increased by 39.8% to 2.2 M€, notably fuelled by the increase in the number of digital
copies shipped by YMAGIS, and the development of post-production services.
Digital cinema on-line support services and maintenance revenues increased by 48.7% to 1.5 M€, fuelled by the
digital cinema screens roll-out progression.
The Group is now ready to tackle the second part of the financial year with a solid financial structure,
consolidated further by the 11.6 M€ raised following its successful IPO in May on the Nyse Euronext Paris.
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Strong visibility for the second half of the year
YMAGIS is confident for the coming months.
The Group intends to follow its strategy of extending the number of cinema screens under Ymagis VPF contract
in Europe. This has already been illustrated by over 460 new screens signed in the last twelfth months to June
2013, 230 of these being signed in the first half of 2013, notably, in late June 2013, the signature of a contract
with Balaña, a prominent, 8 cinema-51 screen-strong Catalan independent exhibitor.
Regarding Services, activities will benefit from the Barcelona laboratory opening in July. The forthcoming
opening of the Berlin laboratory, coupled with the investments made in the Paris laboratory, will further bolster
the remit of the Group in Europe and its potential growth.
Finally, YMAGIS will, in the coming months, continue to seek new acquisitions to consolidate its position
concerning the entire offer of digital cinema services, and in order to accelerate its growth and achieve its
ambition of becoming the largest European operator in digital services and technologies for the cinema industry.
Next meeting: results from the first half of 2013, Friday 30 August after the Stock Exchange.
A PROPOS D’YMAGIS :
Créée en 2007 et contrôlée par des professionnels du cinéma et des hautes technologies, YMAGIS (www.ymagis.com) est spécialisée dans
les services pour le cinéma numérique. YMAGIS apporte ses services aux producteurs et distributeurs de films et de contenus
complémentaires, aux régies publicitaires ainsi qu’aux exploitants de cinéma, afin d’assurer une transition harmonieuse de leurs activités
du 35mm au numérique, de leur permettre d’en maîtriser les coûts et d’en tirer le meilleur parti créatif, marketing et financier. L’offre
d’YMAGIS couvre deux pôles d’activité : la gestion des VPF (Virtual Print Fees ou frais de copie virtuelle) et les services aux exploitants et
aux producteurs / distributeurs : vente et installation d’équipements pour les cinémas, maintenance et infogérance des matériels de
(1)
(2)
projection numérique, location de lunettes 3D, préparation et acheminement des DCP et KDM , et postproduction. Les laboratoirse
numériques d’YMAGIS livrent ainsi chaque semaine aux salles de cinéma des milliers de DCP et de KDM pour le compte de ses clients
distributeurs. Au titre de l’exercice 2012, le Groupe a réalisé un chiffre d’affaires de 39,7 M€, en hausse de 53% par rapport à 2011, et un
résultat opérationnel courant de près de 15%.
(1)
DCP: Digital Cinema Package, the digital package used in cinemas. This is the encrypted digital package enabling projection of a film.
(2)
KDM: Key Delivery Message. This is an electronic message through which distributors provide exhibitors with the key for reading the DCP and,
therefore, to project the corresponding film on screen.
CONTACTS
YMAGIS
Jean-Marie DURA
Directeur général délégué
Tel : +33 1 79 97 78 67
Email : [email protected]
ACTIFIN
Investor relations: Alexandre COMMEROT
Press relations: Aurélie CHARLES
+33 1 56 88 11 11, [email protected]
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