Xilam : More encouraging news flow, but too early to assess the impact of the group's new strategy
>Negative H1 EBIT (as expected) but FCF remains in positive territory - With H1 revenues (excluding subsidies and other income) down 36% YoY to € 11.6m, Xilam reported negative EBIT at -€ 1.5m, in line with our expectations. The fixed cost structure began to shrink in H1, as the group looks to slash it by 20% over the full year. Thanks to tax income of € 0.4m and a lower financial result (debt reduction in H1 24), net profit came in at -€ 1m (vs. -€ 1.2m est.). The ...Xilam Animation SA is a France-based audiovisual and multimedia production company. The Company is engaged in the production and distribution of content, both two-dimensional (2D) and Common Gateway Interface (CGI), for television (TV), film and new platform formats. The Company's television production credits include: Rahan, Oggy and the Cockroaches, Mr BaBy, A Kind of Magic, Rintindumb, Shuriken School, Space Goofs, The New Adventures of Lucky Luke, Tupu and Ratz. Its feature film credits include Kaena - The Prophecy and Go West! A New Adventure of Lucky Luke. The Company's wholly owned subsidiaries include Vietnam-based Armada TMT, Germany-based Igloo Productions GmbH, and France-based Xilam Films SAS and Xilam Multimedia SAS.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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