We are a full service (one stop shop) Production services company delivering the full spectrum of content (from stills to feature films) with a global clientele.
Revenues in 2018 were up 14% to €19.8M. In addition, we managed a number of long form projects for clients via SPVs (securing the tax rebate for them), with billings of approx. €11M, therefore total billings for 2018 were in excess of €30M.
EBITDA for 2018 at €1.65M represents a 40% rise year over year, which was driven by a focused sales and marketing programme supported by a range of production efficiency initiatives.
We continue to see a broad mix of revenues from our 3 business lines, with Film and TV overtaking Commercials for the first time in our history. Film and TV represented 51% in 2018 versus 25% in the previous year. Commercials were 46% of our revenues (69% in 2017) and Photo 3% (6% 2017).
We saw good level of diversity in our client base in 2018. The high proportion from Scandinavia was driven by one main project/campaign so we still look at UK as our strongest overall market with over 40% of revenue. Our other markets in Europe and North America made important contributions during a year of realignment of the sales force. We would expect a more balanced profile in 2019.
Top 10 Clients
Our top 10 clients (across all business lines) contributed over €11.6M (59%) of our turnover, up from €8.5M. Long form clients make up a significant portion of this turnover, hence the significant uplift.