Globe Newswire
Artefact: +17% growth in gross margin for Q4 2020 (+10% for the year)
Artefact Group achieves +17% development in gross margin for This fall 2020 (+10% for the 12 months) Firm data robust improve in 2020 EBITDAr1, estimated to be between €13.5m and €14.0m Paris, January 28, 2021 – 5:45 pm CET – Artefact (FR0000079683 – ALATF – eligible for PEA-PME fairness financial savings plans), an information transformation specialist guiding main manufacturers, immediately proclaims its gross margin and its estimated EBITDAr vary for FY 2020. Guillaume de Roquemaurel and Vincent Luciani, co-CEOs of the Artefact Group, mentioned: “Our Group’s sturdy industrial performances and our enchancment in profitability, has been achieved regardless of the pandemic and financial situations. It offers compelling proof that Artefact’s positioning and enterprise mannequin are extremely efficient. These industrial successes, together with very spectacular This fall proforma2 development of 17%, mirror growing demand from main worldwide manufacturers for our data-driven choices. These function an actual driver serving to our purchasers to beat the disaster by way of a customer-centric reconfiguration of their organisations and processes. Every little thing has slotted into place for Artefact at first of the 12 months, and we’re very eager to maintain this momentum going and to increase our management place in information transformation consulting and companies.” Robust enchancment within the 2020 gross margin and wonderful This fall efficiency amid unprecedented situations Artefact’s FY 2020 gross margin rose 10% proforma to €70.3m. Constructing on a powerful first six months, when it recorded proforma development of 9.0% amid the general public well being disaster, Artefact’s industrial efficiency accelerated within the second semester with the gross margin growing by 11%. This efficiency was notably pushed by the Group’s profitable reconfiguration to give attention to three companies. This segmentation has unlocked extra from Artefact’s worth proposition which helps main manufacturers reconfigure their organisations to grow to be consumer-centrics. Artefact’s core companies embody: Knowledge Consulting, information transformation consulting, which additionally extends past the advertising and marketing operate Knowledge Advertising and marketing, assist for advertising and marketing departments with the adoption of recent information toolsDigital Activation, consulting and execution of digital promoting campaigns The Knowledge Consulting and Knowledge Advertising and marketing companies have been the 2 foremost development drivers and collectively accounted for round two-thirds of the 2020 gross margin. File stage of enterprise in This fall 2020 with a 17% proforma improve Through the fourth quarter of 2020, Artefact’s gross margin totaled €20.3m, accelerating its development to a proforma price of 17%, which is on par with ranges earlier than the Covid-19 pandemic. Important demand for Artefact’s data-driven experience from main manufacturers throughout most areas Additional robust enchancment in France: proforma development of 20% within the 2020 gross margin In France, the 2020 gross margin rose 20% in contrast with 2019 to complete €34.6m, representing virtually half of Artefact’s complete enterprise. Progress was even stronger within the fourth quarter of 2020, with a gross margin up 22% in contrast with the identical interval in 2019. The Knowledge Consulting and Knowledge Advertising and marketing companies have been once more the principle contributors, recording a development price of 39% over the 12 months. Spectacular upturn in second-half enterprise traits within the Remainder of Europe, supported by the energy of demand in the UK and the Netherlands Within the Remainder of Europe, the gross margin declined 8% in FY 2020 on account of the general public well being disaster. This trigger a pointy slowdown within the Digital Activation enterprise, which continues to be outstanding on this area. Nonetheless, the area noticed an upturn in enterprise within the closing quarter of 2020, with posting development of 5% pushed by the UK and the Netherlands. Certainly, enterprise in the UK improved spectacularly over the 12 months, with a 17% improve within the proforma gross margin within the second half of 2020. This included a 33% improve within the fourth quarter of 2020, Artefact’s best-ever efficiency within the area. Lastly, the Netherlands once more recorded a really brisk price of development, with the gross margin up 55% in contrast with FY 2019. Very robust efficiency within the APAC and MENA areas, highlighting the potential for Artefact’s improvement outdoors Europe Different Artefact markets posted a powerful improve of 20% in FY 2020, with APAC recording development of 18% and MENA 24%. In Asia, Artefact once more posted a wonderful efficiency, reflecting the success of its Knowledge Advertising and marketing and Knowledge Consulting choices whose gross margin greater than doubled in FY 2020, growing by 115%, notably by collaborating with 4 main European manufacturers throughout the 12 months. Growth within the MENA area displays robust demand from tech and tourism purchasers. FY gross margin traits by geographic zone ReportedProformaReportedGross margin (in €m)20202019% change2019% changeFrance34.628.9+20percent28.9+20percentRemainder of Europe20.422.2-8percent24.5-17percentOther Markets*15.312.7+20percent12.8+20percentTotal70.363.8+10percent66.2+6percentData at the moment being audited – *Different markets embody the Asia-Pacific area – MENA – Brazil This fall gross margin traits by geographic zone ReportedProformaReportedGross margin (in €m)This fall 2020Q4 2019% changeQ4 2019% changeFrance9.77.9+22percent7.9+22percentRemainder of Europe6.25.9+5percent6.6-6percentOther Markets*4.53.6+24percent3.6+24percentTotal20.317.4+17percent18.1+12% Knowledge at the moment being audited – *Different markets embody the Asia-Pacific area – MENA – Brazil 2020 EBITDAr steerage revised up and representing over 19% of the gross margin for an quantity between €13.5m and €14.0m The 2020 EBITDAr estimate – forward of the precise determine because of be revealed with 2020 annual outcomes on April 22, 2021 – exhibits Artefact’s efficiency has genuinely reached a turning level. The very robust enchancment within the EBITDAr margin in contrast with 2019 and between the 2 halves of 2020 thus displays the influence of spectacular development and its a lot stronger leverage on the price construction. It additionally illustrates the success of the Group’s reconfiguration round its most worthwhile and fastest-growing companies – the opposite key factor of the plan. The Group is thus assured in its means to publish a 2020 EBITDAr margin of over 19% (versus an preliminary goal of over 15% set in October). Promising 2021 outlook underpinned by the structural demand from main worldwide manufacturers for digital and information transformation The present context of manufacturers’ elevated digitalisation, and extra typically the extension of the phenomenon in the direction of consumer-centric organisations, represents a powerful driver for Artefact. Furthermore, the pertinence of this consumer-centric method has been underscored throughout the pandemic, which has introduced its significance into even clearer focus. Accordingly, the Group confidently expects to proceed successful over new purchasers, whereas elevating its profitability, because of its distinctive positioning as a excessive value-added digital transformation consulting firm. Lastly, Artefact’s strong monetary construction, strengthened in December 2020, will assist the acceleration of the Group’s improvement. Obtain Artefact’s 2020 Yr e book right here to search out out extra about Artefact’s 2020 achievements and experience. Forthcoming diary dates April 22, 2021: FY 2020 outcomes and Q1 2021 gross margin About Artefact I artefact.com Artefact is a next-generation data-driven consulting and companies agency, reworking information into worth and enterprise influence for its purchasers. With a broad presence on the world’s foremost markets (France, Germany, the UK, Asia, Dubai), Artefact serves an in depth portfolio of greater than 300 purchasers, together with a number of world leaders equivalent to Samsung, Danone, L’Oréal and Sanofi. The Group has three foremost service choices, leveraging its information mining and information evaluation capacities: Knowledge Consulting, Knowledge Advertising and marketing and Digital Activation. Artefact is listed on the Euronext development inventory trade in Paris (ISIN code: FR0000079683). Artefact 19, rue Richer – 75009 – Paris – France | Cellphone + 33 1 79 72 45 45 | E-mail [email protected] Contacts ArtefactHayette Soltani CFOTel.: +33 1 40 40 27 [email protected] DelouvrierQuentin MasséInvestor relationsTel.: +33 1 44 71 98 [email protected] NewCapNicolas Merigeau Media relationsTel.: +33 1 44 71 94 [email protected] 1 EBITDAr: EBITDA restated for the IFRS 2 influence of free share allocations and desire share points, in addition to the IFRS 3R influence related to remuneration for post-combination companies and that of IFRS 16 regarding the adjustment for lease funds. Artefact has thus determined to current restated EBITDA to raised mirror its working efficiency, as tracked for inner reporting functions by administration, independently of its coverage for attracting and retaining expertise and the acquisition phrases and situations set out in its acquisitions coverage 2 Proforma information ensuing from the restatement after disposals and workplace closures within the Nordic nations and Italy and following the elimination of the Spanish three way partnership MediaDiamond from the group’s scope of consolidation. Attachment Artefact_ 2020 Gross Margin_ENG
