Inside & Regulated information - Summary of the official statement in French
BRUSSELS, March 27, 2020 /PRNewswire/ -- Emakina Group (Euronext GROWTH Bruxelles : ALEMK), leading international group of independent agencies, announces its 2019 annual results. Consolidated sales amounted to EUR 96,618,148 compared with EUR 92,389,601 in 2018, an increase of 4.6% (+4.2% at constant scope), boosted by 5.4% growth in activities outside Belgium.
Current profit under control and net result near break-even
The current profit before tax amounted to EUR 1,256,070 in 2019.
This may be attributed to the operating performance, and the increase in amortisation and write-downs, partly offset by a better financial result owing in particular to the fall in charges for the amortisation of goodwill.
The group's financial health was maintained thanks to a net result close to zero, a level of financial indebtedness in line with the growth in activities and the availability of proportionate credit lines.
Some major new clients: Allergan, Al Tayer Group, Arcelik, Basic-Fit, Beko, Brussels Expo, Chalhoub Group, Courrèges, Fluxys, FrieslandCampina, Gulf Marketing Group, Heineken Blade, Honda, Majid Al Futtaim Fashion, Moteo, Nike, Nuskin, Olympique de Marseille, Sodexo, Stockmann, Suitsupply, Sunweb, TVH, UnifiedPost, and VOO.
The group further expands via external operations, in line with the strategy set out.
In October 2019, Emakina Group acquired 100% of the shares in Cloudworks Consulting DMCC, an innovative Cloud IT consultancy firm with offices in Dubai and 27 experts, through its subsidiary Emakina FZ‑LLC, based in Dubai. This confirms Emakina's ambition to be a sound partner in the Middle East.
Events after closure, outlook for 2020
The coronavirus pandemic will affect Emakina's economic performance from March 2020. This will be the subject of a specific communication at a later stage. The management has set in motion several precautionary measures to limit the impact of this pandemic on the group's margins and cash position.
Summary of the official French statement
Frédéric Desonnay CFO Emakina Groupfds@emakina.com