Solocal, Annual results 2018
As expected, over the year 2018, Solocal managed to post a stable EBITDA excluding restructuring charges but reported a net loss of EUR81 million and, above all, saw its order intake fall sharply again in the fourth quarter. Digital order intake, which had fallen by 20% in Q3, fell by 24% in the last quarter and led to a further deterioration in the order book (-11% over 12 months). Over the year, the company lost nearly one customer every fifteen minutes!
Solocal Group SA is a France-based company, which is engaged in local online communication. The Company provides digital content, advertising solutions and transactional services that connect people with local businesses. Solocal Group SA operates in France, Spain, Austria and the United Kingdom and supports the online development of SMB and client accounts, mainly through its four flagship brands: PagesJaunes (engaged in local advertising and information on the Internet and in mobile and print media), Mappy (a portal of services relating to travel: maps, journey planners, local area information searches, before and during the journey), Ooreka (a database of content with practical guides, tutorials, among others, written by such specialists as notaries, lawyers, doctors, electricians and gardeners, among others.
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