Xilam Animation (XIL) H1 2024 TU earnings summary

Executive summary

• First half 2024 revenues declined to €13.3 million, down 35% year-over-year, reflecting reduced orders from US streaming platforms in the kids segment.

• Strategic diversification into the young-adult segment and launch of two new series with European broadcasters.

• Cost-saving measures and a €3.7 million capital increase strengthened the financial structure.

• Current operating income for 2024 is forecasted to be close to breakeven, with ambitions for a rapid return to profitable growth.

Financial highlights

• Sales of new productions and developments fell 36% to €9.3 million compared to H1 2023.

• Catalogue sales dropped 38% to €2.3 million; second half expected to be stronger due to AVOD seasonality.

• Total operating revenue was €13.7 million, down 36% year-over-year.

• International sales made up 76% of total, with digital streaming platforms accounting for 66%.

Outlook and guidance

• Current operating income for 2024 expected to be close to breakeven.

• Ambition for a rapid return to profitable growth, supported by new series and feature film development.