MEDIA-MAKER BOARD OF DIRECTORS APPROVED DRAFT FINANCIAL STATEMENT AS AT DECEMBER 31st 2019
Revenues: Euro 30.6 million, +155% (2018: Euro 12.0 million)
EBITDA: Euro 1,36 million, (2018: Euro 0.76 million, EBITDA MARGIN: 4% (6% IN 2018)
Net Profit: Euro 0,58 million, (2018: Euro 0.53 million)
Net Financial Position: Euro 0,8 million (2018: Euro -0.3 million)
Milan, August 7th 2020
The Board of Directors of Media-Maker (ALKER-FR), a company specialised in the production and distribution of Branded Content, listed at Euronext Growth, approved the draft financial statements as at 31 December 2019 today.
MAJOR RESULTS AS AT 31 DECEMBER 2019
Revenues, which totalled Euro 30.6 million, posted considerable growth, +155% compared to Euro 12.0 million in 2018.
Revenues of the Content business unit (65.6% of turnover), concerning the development of editorial and brand content for third parties, amounted to Euro 20.1 million, +124% compared to 2018 (Euro 8.9 million).
Revenues of the Media business unit (23.6% of turnover), including the acquisition from third parties and the sale of advertising space (barter transactions) and the management of third-party advertising space (outdoor and city walls), totalled Euro 7.2 million, +210% compared to 2018 (Euro 2.3 million).
The remaining portion of the 2019 turnover (10.8% - equal to Euro 3.3 million) consists of the sale of products arising from barter transactions attributable to the sale of advertising space.
Value of Production totalled Euro 33.6 million and marked +184% growth compared to 2018 (Euro 12.1 million).
EBITDA totalled Euro 1.36 million, up +79% compared to 2018 (Euro 0.76 million). The EBITDA Margin is 4.4% (6.3% in 2018).
Net Profit, totalled Euro 0.58 million (Euro 0.53 million in 2018).
The Net Financial Position was recorded at Euro 0.76 million, while the figure as at 31 December 2018 was Euro -0.27 million.
Shareholders' Equity totalled Euro 4.5 million, significantly up compared to Euro 0.6 million in 2018 mainly due to the positive result of the year and the higher capitalisation following the listing on the Euronex Growth market. Specifically, the bond issued on 18 April 2019 and subscribed for a total of Euro 2,463,000 following admission was converted into 273,667 new shares, representing an increase in share capital of Euro 273,667 and share premium totalling Euro 2,435,633 (one to nine ratio). Another share capital increase that totalled Euro 85,001 plus a premium of Euro 765,009 was also subscribed and paid before 31 December 2019.
PROPOSAL FOR ALLOCATION OF THE NET PROFIT
The Board of Directors resolved to propose to the Shareholders' Meeting to allocate the net profit to the legal reserve till the limit set by legislation in force and the balance to reserve for new profit.
SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE
On July 2nd 2020, the shareholders' meeting appointed Mr Paolo Vincenti as new independent auditor for period 2019-2021, named a new Board of Directors formed by Mr. Andrea Salice, appointed as Chairman, amd Mr. Andrea Maggia and Mr. Tommaso Marseglia. In addition has been newly completed the Board of Statutory Auditors with arrival of Mr. Gherardo La Rosa and Mr. Luca Damiano.
On June 19th 2020, has been signed an agreement to the development and realization of the strategic project called "TOTEM", between the majority shareholder Patrizia Amicucci and the Swiss company Dalton SA operating in the field of virtual platforms, e-commerce, utilities, artificial intelligence, blockchain and gaming.
In order to realize the project the agreement foresses an increase in Media Maker's capital reserved in favour of DALTON SA to be subscribed and paid-by the latter's contribution of 100% of UBILOT Srl, currently 51% owned and the e-commerce platform, which will be integrated into Media-Maker.
CONVENING OF THE SHAREHOLDER MEETING
The Board of Directors resolved to call the Shareholders' Meeting for 28 August 2020 at 3:30 pm at the registered office in Corso Venezia 45 milan and, if required on 2 Spetember at the same time in order to discuss and resolve on the following :
1. Approval of the financial statements as at 31/12/2019, accompanied by the report of the board of Directors, Board of Statutory Auditors and Independent auditors; concerning resoluiton
The documents relating to the items on the agenda will be made available to the public in the manners and within the deadlines established by legislation in force.
This press release is available at the link https://www.mmaker.it/investor-relationand on www.1info.it
Media-Maker is a company specialised in producing and distributing multimedia content and audiovisual productions. It develops cross-media projects for any type of customer with its experience and resources. With an efficient business model and ability to operate with the barter media, the company also manages a portfolio of advertising space on different types of channels.
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Media-Maker S.p.A. published this content on 07 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2020 14:57:02 UTC