ANNUAL
RESULTS 2024
26 March 2025
C O N T E N T ● B R A N D S ● T E C H N O L O G I E S
INTRODUCTION
BTOC
BTOB
ACCOUNTS & CSR
CONTENTS
OUTLOOK
INTRODUCTION
BTOC
BTOB
ACCOUNTS & CSR
4
OUTLOOK
INTRO | THE GROUP IN 2024
1 356 | more than | 3rd |
80 | ||
employess | thematic | media group |
media brands | on the web |
present in | ||
11 | 1st | 1st |
countries | general-public | media group on |
thematic publisher | social networks |
2nd affiliation network in Europe
1st
shareholder of Hopscotch
5
INTRO | HIGHLIGHTS 2024
A contrasting environment
Economy and business environment
• Slowdown in inflation (1.8%)
- Uncertain economic and geopolitical environment (elections, social unrest, conflicts)
Communications market in France
- 5% growth. Major sporting events (Olympics, Euros) brought minimal benefit to thematic media brands
- Slowdown in H2 and sharp downturn in Q4
9.0% growth in the digital segment
• Record time spent on the web and social networks by the French
- Video & social networks growing strongly
- Continued growth in performance levers
Source: Consumer prices - annual averages (CPI) excluding tobacco, INSEE.
An agile and resilient group
A resilient hybrid model
- BtoC & BtoB
- Media & Technology
- Content, brands & proprietary technologies
Digital, a growth driver
• Driving performance in challenging times
- Boosting impact on social platforms
Cost control
- Reduction in operating costs (-1.9%)
Ready to capitalise on growth while adapting to market cycles
6
INTRO | 2024 FINANCIAL INDICATORS
Strong fundamentals: solid balance sheet & disciplined profitability management
REVENUE | EBITDA(1) | AJUSTED NET INCOME(2) |
€534.7m €53.8m €27.2m
-2.7% | 34.7% | -€5.5m | 10.1% | +€7.6m | 5.1% |
vs. 2023 | Outside France | vs. 2023 | of revenue | vs. 2023 | of revenue |
CASH(3) | NET DEBT(3) | EQUITY(4) |
€86.7m €101.7m €229.3m
+€1.1m | €52.3m | -€18.6m | 1.9x | +€10.3m | 44.0% |
vs. 2023 | Operating cash | vs. 2023 | EBITDA(1) | vs. 2023 | Gearing |
flows
(1) EBITDA excluding expenses related to bonus share plans reclassified as exceptional income; (2) Consolidated net income excluding impairment of treasury stock, goodwill | |
amortization and deferred tax; (3) Cash assets excluding treasury stock, financial net debt calculated as the difference between gross debt and cash assets excluding treasury | 7 |
stocks; (4) Shareholders' equity (group share) and minority interests. | |
INTRO | TWO PROFITABLE DIVISIONS
€m Revenue
-14.6
534.7
+2.4
-17.0 308.6 226.1
EBITDA(1)
-5.5
53.8
-4.4
35.1
-1.1
18.7
8.3% 11.4% 10.1%
BTOC: Focus on profitability
- Decline in volumes offset by a targeted pricing strategy
- Defending market share
- Operating expenses down by €15.9m, reflecting the decrease in industrial costs
- Profitability maintained: margin stable at 8.3%
BTOB: Revenue growth despite market slowdown
• | Growth in revenue (+0.8%) despite the |
downturn in the communications market in Q4 | |
• | Resilient multi-lever model |
BTOC BTOB Total | BTOC BTOB Total |
EBITDA margin (% of revenue) |
(1) EBITDA excluding expenses related to bonus share plans reclassified as exceptional income.
• Accelerating the most promising levers (social, |
performance) |
• Solid profitability : 11.4% EBITDA margin |
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INTRODUCTION
BTOC
BTOB
ACCOUNTS & CSR
9
OUTLOOK
BTOC | 1ST THEMATIC CONTENT PUBLISHER
Diversification, a lever of audience and attractiveness for brands
1.5 million
subscriptions
302 000
diversified subscriptions
5.41€
excl. VAT
average basket/subs.
+1.4%
vs. 2023
Magazines
154 publications
in France
86.8 million
copies sold(1)
Publishing
More than 350 launches in 3 years
TV | Other services |
24million
potential viewers
(1) Diffusion France Payée (DFP), ACPM, DSH 2024.
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