Xilam Animation (XIL) H2 2024 TU earnings summary

Executive summary

• 2024 revenue declined sharply to €26.6M, reflecting a challenging animation market and reduced orders from US streaming platforms.

• Strong catalogue sales in H2 and strict cost management enabled a positive net cash position despite lower sales.

• Xilam remains confident in its ability to rebound, focusing on rebuilding its order book and leveraging its brand and creative talent.

Financial highlights

• Total sales and grants fell 42% year-over-year to €26.6M; total operating revenue was €27.9M.

• Sales of new productions and developments dropped 50% to €15.3M; catalogue sales declined 11% to €8.2M.

• Grants decreased 48% to €3.1M; other current operating income was €1.3M, down 46%.

• International revenue stable at 75% of total; digital streaming platforms' share fell to 53%.

Outlook and guidance

• 2025 expected to remain challenging with further revenue decline anticipated.

• Focus on new proprietary projects and rebuilding the order book to return to profitable growth.