Earnings Release • May 24, 2023
Earnings Release
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Saint-Denis, May 24, 2023 – EuropaCorp, one of the leading independent film studios in Europe, film producer and distributor, today reports its annual consolidated revenue for FY 2022/2023, which ended on March 31, 2023, as approved by the Board of Directors, and currently being audited.
| Second half-year (6 months) | Financial year (12 months) | Δ 12 months | |||
|---|---|---|---|---|---|
| In millions of € | HY2 2022/2023 |
HY2 2021/2022 |
FY 2022/2023 |
FY 2021/2022 |
% |
| International sales | 13,9 | 3,1 | 21,1 | 8,9 | +137% |
| % of revenue | 57% | 17% | 56% | 25% | |
| Theatrical distribution | 0,0 | 0,0 | 0,4 | 0,0 | |
| % of revenue | 0% | 0% | 1% | 0% | |
| Video & VOD | 0,6 | 0,7 | 1,1 | 1,4 | -25% |
| % of revenue | 2% | 4% | 3% | 4% | |
| Television & SVOD | 7,3 | 9,9 | 11,3 | 19,8 | -43% |
| % of revenue | 30% | 55% | 30% | 56% | |
| Series | 1,3 | 2,5 | 1,4 | 2,2 | -33% |
| % of revenue | 5% | 14% | 4% | 6% | |
| Other | 1,2 | 1,8 | 2,2 | 2,9 | -23% |
| % of revenue | 5% | 10% | 6% | 8% | |
| Group Total | 24,3 | 18,0 | 37,5 | 35,3 | +6% |
International Sales represented €21.1 million for the year, or approximately 56% of annual revenue, compared with €8.9 million in the previous year. Revenue corresponds to international deliveries of the films Dogman and June & John, as well as significant royalties received on films in the catalog (mainly Lucy, Taken and Taken 3, and Colombiana).
Revenue from French Theatrical Distribution was €0.4 million, corresponding to the release in French theaters of Arthur Malediction in June 2022.
Revenue from Video & VOD in France and the United States amounted to €1.1 million, representing approximately 3% of annual revenues, compared with €1.4 million in 2021/2022. It mainly comprises VOD sales in the United States and France of various titles (notably Miss Sloane in the United States, and Little White Lies 2 and Arthur Maledictionin France).
Television & SVOD sales in France and the United States totaled €11.3 million in fiscal year 2022/2023, or 30% of revenues, compared with €19.8 million in the previous fiscal year. They were driven by the French market and correspond to the opening of broadcasting rights windows for films in the catalog such as Valerian and the City of a Thousand Planets, the Taxi saga and American Renagades. The decrease is mainly explained by the presence of pre-financing windows that were still significant during the previous fiscal year, notably for Valerian and the City of a Thousand Planets, Anna and Taxi 5.
Revenues from the TV Series activity amounted to €1.4 million for the 2022/2023 fiscal year, or approximately 4% of total revenue, compared to €2.2 million for the 2021/2022 fiscal year. This revenue corresponds to royalties received from the international exploitation of the Taken series as well as TV/SVOD sales in France and the United States.
Revenue from Other activities comprised mainly post-production activities, licenses, partnerships, coproduction and neighboring rights revenues. It represented revenues of €2.2 million (including €0.6 million for the postproduction activity which, as a reminder, was sold in September 2022), or 6% of revenues, compared with 2.9 million the previous year.
The Group has co-produced with LBP the film Dogman, written and directed by Luc Besson, produced by Virginie Besson-Silla, starring Caleb Landry Jones (winner of the Best Actor Award at Cannes in 2021 for the film Nitram). The film tells the incredible story of a young man, bruised by life, who finds salvation through the love of his dogs. Dogman's screening for international distributors at the last Berlin Film Festival in February 2023 received unanimously enthusiastic reactions. To meet the expectations of these distributors and to fit in with the awards and festival season, decision has been made to coordinate the release of the film in all territories. Dogman will then be released worldwide in the last quarter of 2023, particularly on September 27 in France.
EuropaCorp also produced June & John, a small English-language film written and directed by Luc Besson, produced by Virginie Besson-Silla. It was shot during the spring 2021 covid epidemic in Los Angeles with promising young actors, Luke Stanton Eddy and Matilda Price. The film was delivered to the international distributor, Kinology, as of March 31, 2023, and the release strategy is being finalized.
EuropaCorp is also finalizing the marketing of its project tentatively titled Weekend Escape Project, co-written by Luc Besson and George Huang, produced by Virginie Besson-Silla. The film will be directed by George Huang, with Luke Evans and Gwei Lun Mei in the lead roles; shooting is scheduled to date to begin in late June 2023. This film is in line with EuropaCorp action films such as Taken, Transporter, From Paris with Love, Danny the Dogetc.
Founded in 1999, EuropaCorp has grown to become the leading film and series production studio in Europe. The Group's international activities cover the entire film value chain with expertise in production, theatrical distribution, international sales, TV, video & VOD, and music publishing. EuropaCorp is able to ensure creativity and quality throughout the lifecycle of its films and television projects. The Group has produced or co-produced more than 120 films and has distributed more than 160 of them in French cinemas. Since 1999, it has produced 10 of the 20 biggest French hits internationally and 22 films among the 70 French productions with the most international admissions (source: Le film français – May 17, 2019). The Group has also been active since 2010 in the production of TV series and single titles for platforms worldwide. EuropaCorp was created by the director, screenwriter and producer Luc Besson. More information on www.europacorp.com
Contacts
Groupe EuropaCorp NewCap Lisa Reynaud | Investor Relations | [email protected] Pierre Laurent | NewCap Régis Lefèbvre | Communication | [email protected] [email protected] | Tel: 01 44 71 94 94 Tel: 01 55 99 50 00
EuropaCorp is listed on Euronext Growth Paris ISIN Code: FR0010490920 – MNEMO Code: ALECP
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