Ymagis Group today reported its consolidated revenue figures for the third quarter of 2016 and first nine months of the 2016 fiscal year ended September 30. With third quarter 2016 revenue up +11.6 percent at €42.3 million, Ymagis Group reported a marked increase in sales during the first nine months of the 2016 fiscal year at €125.9M, representing an increase of +18.7 percent.
In line with the group’s strategy, its services business units have positively impacted third quarter revenue, compensating for the anticipated decrease in profits generated by the virtual print fee business unit due to the end of the financial model in Austria and Poland at the end of last year.
The VPF business unit reported a four percent decrease in revenue at €17.7 million for the third quarter. For the first nine months of 2016, revenue generated by VPF activities is down 5.7 percent at €52 million compared to €55.1 million in the prior year period with 6,029 screens under contract compared to 6,395 as of 30 September 2015.
The Exhibitor Services business unit, which includes consolidated revenue from acquisitions Proyecson (Spain) and R2D1 (France), reported a significant increase in sales in the third quarter with revenue of €41.6 million for the first nine months of 2016 as of September 30. While the replacement of first-generation digital projection systems has not yet been implemented, the market remains favorable with new cinema builds and sustained investments by cinema exhibitors in new image and sound technologies, resulting in an increase of 11.1 percent in revenue generated by the Equipment Sales and Installation businesses for the third quarter and 12.4 percent for the first nine months at €11.2 million and €33.3 million, respectively. Business is particularly robust in the United Kingdom, the Netherlands and Austria. The Online and Support Services reported stable third quarter revenue at €2.5 million, and €7.9 million for the first nine months of 2016.
The Content Services business unit continues to report strong growth across its divisions with a +62.5 percent increase in revenue for the third quarter of 2016 at €10.6 million compared to €6.6 million for the prior year period, primarily due to recent acquisitions, including but not limited to Eclair in August 2015. For the nine-month period ending September 30, the business unit’s revenue has multiplied by 2.4 at €32.2 million. The Distribution and Preservation divisions recorded increased revenue of €5 million in the third quarter of 2016, up from €1.8 million in the prior year period, and has grown from €6.9 million to €15 million for the nine-month period, thanks in large part to the acquisition of Cine-Logistics (Germany) at the start of the year. The Post-Production and Restoration divisions recorded a significant increase in revenue for the first nine months at €9.7 million compared to €3M for the prior year period, driven primarily by the integration of Eclair businesses. Finally, the Localization division reported revenue of €3 million for the third quarter, up +123.2 percent compared to €1.4 milllion for the prior year period, largely due to the consolidation of Eclair’s activities as well as the acquisition of ST’501 (France) and CKS (Germany), which have contributed to the increase in sales revenue at €7.1 million since the start of the year compared to €1.4 million the prior year.
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