How we did

Despite the substantial challenges posed by the COVID-19 pandemic in 2020, our workflows have shown remarkable recovery. As a result, the financial performance of the Palma Pictures Media Production Group has significantly improved.
In particular, our sales have increased to 26.5M€, compared to 1 8.0M€ in 2021.

Our EBITDA has shown a remarkable turnaround, reaching 1 .66M€ in 2022, and 1 .23M€ in 2021 . Being a stark contrast to the negative figure of -484K€ recorded in 2020 due to the struggles of COVID-19.
We are thrilled with the progress and positive trajectory we are witnessing in our operations.

The two areas that generate the highest proportion of billings are Film & Entertainment and TVC. Total billings in 2022 were 75.6€ million. Of this amount, 26M€ was income for Advertising, Unscripted, Photo, Features, and TV projects (which total spend of less than 1 M€).
The remaining 50M€ was for Film & TV projects shot in Spain, with individual budgets totalling over 1 M€ (therefore able to access the Spanish tax rebate).

We were delighted to witness a significant improvement in the revenue generated from our top 1 0 clients. In 2022, our revenue surged to an impressive 1 7.1 6M€, marking growth compared to the 1 5.68M€ recorded in 2021 .
This increase in revenue is a testament to the strength of our client relationships and the value we bring to their projects. We take pride in providing top-notch services, tailored solutions, and exceptional experiences that meet and exceed the expectations of our varied production partners.