HiMedia Group: Annual results 2013: Activity recovery at year end and upturn outlooks in profitability in 2014

Paris, March 13, 2014, 7.45 am – Online media group HiMedia Group (ISIN Code FR0000075988 – HIM, HIM.FR), releases its annual results for the 2013 fiscal year.

• The recovery of the activity at the end of the year 2013 is driven by HiMedia and Hipay’s successful new offers. 
• End of the technological investments program in 2013.
• An upturn in profitability is expected for 2014.

Commenting on the full year 2013 figures, founder and CEO of HiMedia Group Cyril Zimmermann said: “Over the past two years, we have sacrificed our profitability for significant investments and a deep mutation. Today, the Group approaches 2014 with optimism since the changes completed have allowed driving activity and margins up progressively. The 2013 exercise has thus represented a low point from which the company initiates a full recovery of its financial performances”.

To read the press release, click here.