NetMedia Group 2023 Annual Results

NetMedia Group announces a notable increase in its turnover in 2023, with a growth rate of 149%, reaching a total of 23.2 million euros. This represents a substantial improvement compared to the previous year. The group attributes this performance to the successful integration of NetMedia's activities following their merger with Makheia in December 2022, making NetMedia Group the 5th independent communications group in France.

The company also reveals a positive EBITDA of €0.3 million in the second half of 2023, although there was an overall loss of €1.7 million for the year. This marks a turning point from the larger losses recorded in the first half. In terms of operational results, the group reports a slight improvement, with a deficit of 1.8 million euros.

Despite significant restructuring costs, which resulted in a negative exceptional result of 1.8 million euros, NetMedia Group reports a controlled financial position with a reduction in its debt and equity of 2.1 million. Prospects for a capital increase are also planned for mid-2024 in order to further consolidate the group's finances.