Hi-media Group: Full Year 2010 Results

  • Sales: 222 million euro (+8% proforma growth)
  • Current operating profit1 : 16 million euro (+27% proforma growth)
  • Asset write-downs of 65.9 million euro

Paris, 23 March 2011 – The on-line media group Hi-media (ISIN Code FR0000075988 – HIM, HIM.FR), the European leader in monetising the Internet audience, releases its results figures for the full year 2010.

Main consolidated figures

Fiscal year ending 31 December

(million of euro)

2009 2009 2010 Variation % Variation %
    proforma   proforma published
Sales 172.3 204.9 222.0 8% 29%
Gross profit 63.1 72.7 75.6 4% 20%
Gross margin 36.6% 35.5% 34.1%    
Current operating profit¹ 16.5 12.6 16.0 27% -3%
Stock based compensation -2.2 -2.2 -1.9 -16% -16%
Other non-current expenses and income -2.5 -3.7 -62.2 na  
Financial income -2.0 -2.0 -1.6 -20% -20%
Share in net income of associate companies 0.4 0.4 0.4
Pre-tax income (loss) 10.2 5.0 -49.3 na na
Income tax -3.3 -3.3 -5.6 72% 71%
Income tax on non-current items -3.8 na na
Net income (loss) of the consolidated companies 6.9 1.8 -58.6 na na

Commenting the results for 2010, Cyril Zimmermann, founder and CEO of Hi-media declared: « During the last 18 months and supported by a sustainable growth, the Group went through major changes in order to successfully integrate AdLINK Media ad network, expand internationally and develop its technological assets. Hi-media is now a major player in the digital media sector in Europe. Our Group has the relevant organization and tools in place to keep growing and improve its profitability – a priority for the current year and going forward ». 

To read the press release, please click here: Hi-media PR website section

Post by AdUX

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