EUROPACORP (EPA:ECP) - Annual revenue FY 2017/2018
Transparency directive : regulatory news
24/05/2018 18:30
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PRESS RELEASE
Annual revenue FY 2017/2018
Consolidated annual revenue of EUR223.7 million (excluding discontinued
operations), up 60% from last year, driven by sales all media combined of
Valerian and the City of a Thousand Planets.
Saint-Denis, May 24, 2018 - EuropaCorp, one of the leading independent film
studios in Europe, film producer and distributor, today reports its annual
consolidated revenue for FY 2017/2018, which ended on March 31, 2018, as
approved by the Board of Directors and currently being audited.
H2 and Annual Consolidated Revenue (unaudited)
In millions H2 12 months Var. 12 months
of EUR FY2017/2018 FY2016/2017 FY2017/2018 FY2016/2017 %
International 6.6 23.2 76.7 48.8 57.1%
sales
% of revenue 7.7% 28.7% 34.3% 34.9%
Theatrical 4.1 5.1 39.6 13.7 189.3%
distribution
% of revenue 4.8% 6.3% 17.7% 9.8%
Video & VOD 24.8 14.1 33.7 17.4 94.0%
% of revenue 29.0% 17.4% 15.1% 12.4%
Television &
SVOD 27.3 15.1 40.5 29.9 35.3%
% of revenue 31.9% 18.7% 18.1% 21.4%
Subsidies 2.3 0.7 4.4 3.9 11.1%
% of revenue 2.6% 0.8% 2.0% 2.8%
TV series 18.7 19.2 22.7 19.2 18.2%
% of revenue 21.8% 23.8% 10.1% 13.7%
Other 1.8 3.5 6.2 6.9 -10.5%
% of revenue 2.1% 4.3% 2.8% 4.9%
Group Total
excluding
discontinued
operations 85.5 80.9 223.7 139.8 +60%
Sold activities:
Multiplexes 0.0 1.7 0.0 5.2 -100.0%
Music Publishing 0.9 1.3 0.9 2.3 -60.9%
French-language
TV series 0.0 3.5 2.0 4.4 -54.1%
Group Total 86.4 87.5 226.6 151.7 +49%
* To comply with IFRS 5, the sold activities (Multiplexes, Music Publishing and
French-language TV series) have been restated within FY 2017/2018 as well as
within FY 2016/2017 for a better comparison.
International sales stand at EUR76.7 million for the fiscal year, or
approximately 34% of total turnover, comprised mainly of deliveries of the film
Valerian and the City of a Thousand Planets, as well as significant overages
collected on films from the catalogue (notably Lucy and Taken 3).
Theatrical distribution revenue in France and the United States increased
highly compared to the previous year thanks to the film Valerian and the City
of a Thousand Planets. It stands at EUR39.6 million, or almost 18% of total
revenue, versus 13.7 million in FY 2016/2017.
This revenue corresponds to the sales made in theaters, in the US and/or in
France, from the main following feature films:
> Theatrical Distribution France
- Valerian and the City of a Thousand Planets, released in July 2017 : 4.1
million admissions;
- Room(h)ates ("Sous le même toit"), released in April 2017 : 674 thousand
admissions;
- Bad Buzz, released in June 2017 : 51 thousand admissions;
- Coexister, released in October 2017 : 673 thousand admissions;
- Carbone, released in November 2017 : 730 thousand admissions;
- Sparring, released in January 2018 : 34 thousand admissions;
- Eva, released in March 2018 : 161 thousand admissions;
> Theatrical Distribution United States
- Valerian and the City of a Thousand Planets, released in July 2017 : $41.2
million at the domestic box office (US and Canada);
- The Circle, released in April 2017 : $20.5 million at the domestic box office
(US and Canada);
- Their Finest, released in April 2017 : $3.6 million at the domestic box
office (US and Canada);
The Video & VOD segment in France and the United States represented around 15%
of the annual revenue, coming in at EUR33.7 million, versus EUR17.4 million for
FY 2016/2017. This turnover was mainly driven by the US video sales (physical
and VOD), in particular those of Valerian and the City of a Thousand Planets.
This revenue also includes sales of films from the catalogue such as the US
sales of Miss Sloane and Nine Lives.
Television & SVOD sales in France and the United States rose to EUR40.5 million
over FY 2017/2018, an increase of more than 35% compared with the previous
fiscal year. This growth is fueled by the development of TV sales in the US,
and particularly of SVOD sales (notably Valerian and the City of a Thousand
Planets and The Circle).
In France, the revenue for the period is linked to the opening of broadcasting
rights windows for films from the catalogue, in particular Taken 3, Room(h)ates
("Sous le même toit"), Bis, and Transporter Refueled.
Directly related to the Group's production and distribution activities,
Subsidies increased to EUR4.4 million over the fiscal year, compared with
EUR3.9 million the previous year.
Revenue for the TV Series activity (excluding sales from the sold business
assets related to the French television activity) amounted to EUR22.7 million
for FY 2017/2018, an increase of more than 18% compared with FY 2016/2017. This
growth is mainly due to the delivery of 10 episodes from the second season (out
of 16 episodes) of the international series Taken. The revenue also includes
sales linked to the delivery of the last 2 episodes from the first season of
that same series.
The Other item corresponds mainly to post-production, licenses, partnerships,
events and coproduction receipts. It recorded revenue of EUR6.2 million
(excluding sold activities), down 10.5% compared with the previous fiscal year.
Outlook
In terms of perspectives, EuropaCorp confirms the terms of its last press
releases: the company plans the production of 2 to 3 English-language films and
around 2 French-language films per year, production of TV series in English,
movie distribution and international sales.
> Films
Three English-language films and three French-language films, either produced,
coproduced or acquired by EuropaCorp, are currently shooting, in
post-production or completed:
- Taxi 5, directed by Franck Gastambide, starring Franck Gastambide and Malik
Bentalha, and produced by EuropaCorp. The film was released in France on
April 11th, 2018 and has registered more than 3.5 million admissions to date;
- Je vais mieux, directed by Jean-Pierre Améris, starring Eric Elmosnino,
Alice Pol and Ary Abittan. Film produced by EuropaCorp. The film will be
released in France on May 30th, 2018.
- Anna, directed by Luc Besson, starring Sasha Luss, Luke Evans, Helen Mirren
and Cillian Murphy. Film produced by EuropaCorp. The film is in
post-production.
- Kursk, directed by Thomas Vinterberg, starring Matthias Schoenaerts, Colin
Firth and Léa Seydoux. The film is completed.
- Nous finirons ensemble (Little White Lies 2), written and directed by
Guillaume Canet. The film is shooting.
- The Old Man and the Gun, directed by David Lowery, starring Robert Redford
and Casey Affleck. EuropaCorp has acquired the French distribution rights.
> TV series
Concerning the TV series activity, the company's aim is to keep on developing
the production of English-language projects with strong international
potential such as the Taken series.
Among the projects currently in development are:
- AI (Artificial Intelligence), based on an original idea by Luc Besson;
- Gray, based on an original concept from international bestselling author
David Baldacci;
- The Extraordinary Adventures of Adele Blanc Sec, based on the classic French
comic book from Jacques Tardi;
- American Flagg!, based on Howard Chaykin's classic comic.
Financial calendar
Thursday 28 June 2018: FY 2017/2018 consolidated annual results
ABOUT EUROPACORP
Founded in 1999, EuropaCorp has become one of Europe's leading film and
television studios.
The company's global activities span the entire film value chain with expertise
in production, theatrical distribution, video and VOD sales, international
sales, soundtrack publishing, and television sales. By directly managing the
production and distribution process, EuropaCorp is able to maintain quality and
creativity throughout the lifecycle of a film or television project. The
company has produced or coproduced over 110 films, distributed nearly 160 films
in French cinemas, and owns a catalogue of more than 500 French and English
language titles. Since 2000, the company has produced 8 of France's 20 highest
grossing films based on worldwide box-office. Starting in 2010, the company has
been active in producing television movies and episodic television series for
platforms around the world.
EuropaCorp was founded by French director, screenwriter and producer Luc
Besson. For more information, go to http://www.europacorp.com/
Contacts
EuropaCorp Group
Lisa Reynaud / Investor Relations / investors@europacorp.com
Régis Lefèbvre / Communication / rlefebvre@europacorp.com
Tel: 01 55 99 50 00
NewCap
Pierre Laurent / NewCap
plaurent@newcap.fr / Tel : 01 44 71 94 94
EuropaCorp is listed in Compartment C of Euronext Paris
ISIN code: FR0010490920 - Ticker: ECP