FIMALAC : Revenue for the first nine months of 2016

Fimalac's consolidated revenue for the nine months ended September 30, 2016 totaled €226.2 million compared with €131.2 million for the same period of 2015. This strong 72.4% increase reflects robust organic growth for the Digital Division and the positive effects of the Group's development initiatives in both the Digital and Entertainment Divisions.

  (in € millions) 9 months
  9 months
 Digital Division (Webedia)76.9 143.3
 Entertainment Division43.8 67.4
 Real Estate Division10.5  15.5

  Consolidated revenue 131.2   226.2

Fimalac's Digital Division, represented by Webedia and its subsidiaries, contributed €143.3 million to consolidated revenue for the first nine months of 2016 compared with €76.9 million for the equivalent prior-year period. This year-on-year increase - which comfortably exceeded the division's business plan objectives - includes organic growth of around 12% and takes into account the effect of recent acquisitions. Revenue generated in France totaled €105.3 million versus €57.7 million in the first nine months of 2015. International revenue rose to €38 million from €19.2 million, representing 26.5% of the division's total for the period, and reflecting the Group's increasingly strong presence in countries such as Germany and Spain in Europe as well as Brazil and the United States.

Entertainment Division revenue amounted to €67.4 million for the first nine months of 2016 compared with €43.8 million for the same period of 2015. When analyzing this division's contribution to consolidated revenue, it is important to take into account the fact that several of its companies are accounted for by the equity method. The division's year-on-year revenue growth was led by the positive effect of acquisitions - particularly in the live entertainment production business - which more than offset the slight same-scope revenue contraction (approximately 3%) reported as a result of more difficult operating conditions in the entertainment sector, notably in Paris.

October 26, 2016.


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Source: FIMALAC via GlobeNewswire