{"id":51,"date":"2023-10-01T06:57:46","date_gmt":"2023-10-01T06:57:46","guid":{"rendered":"https:\/\/annualreport.palmapictures.es\/annualreport-2022\/?page_id=51"},"modified":"2023-10-27T13:12:59","modified_gmt":"2023-10-27T13:12:59","slug":"how-we-did","status":"publish","type":"page","link":"https:\/\/annualreport.palmapictures.es\/annualreport-2022\/how-we-did\/","title":{"rendered":"How we did"},"content":{"rendered":"[vc_row][vc_column width=”1\/3″][\/vc_column][vc_column width=”2\/3″][vc_column_text]\n

How we did<\/h1>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text el_class=”inside-page-menu”]CONTENTS<\/p>\n

Revenues<\/a><\/p>\n

Audit report<\/a>[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text el_class=”intro-txt”]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.<\/strong>[\/vc_column_text][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1554281413037{margin-top: 30px !important;margin-bottom: 30px !important;}” el_id=”revenues”][vc_column][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1524052175748{margin-top: 30px !important;margin-bottom: 30px !important;}”][vc_column][vc_column_text]\n

Revenues<\/h2>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1554890154632{margin-bottom: 30px !important;}”][vc_column][vc_row_inner][vc_column_inner width=”1\/2″][vc_column_text css=”.vc_custom_1524213492992{margin-bottom: 20px !important;}”]Sales<\/strong>[\/vc_column_text][vc_single_image image=”715″][vc_empty_space height=”10px”][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_column_text css=”.vc_custom_1524213505095{margin-bottom: 20px !important;}”]EBITDA<\/strong>[\/vc_column_text][vc_single_image image=”716″][vc_empty_space height=”10px”][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=”1\/2″][vc_column_text]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.
\nIn particular, our sales have increased to 26.5M\u20ac, compared to 1 8.0M\u20ac in 2021.[\/vc_column_text][vc_empty_space height=”10px”][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_column_text]Our EBITDA has shown a remarkable turnaround, reaching 1 .66M\u20ac in 2022, and 1 .23M\u20ac in 2021 . Being a stark contrast to the negative figure of -484K\u20ac recorded in 2020 due to the struggles of COVID-19.
\nWe are thrilled with the progress and positive trajectory we are witnessing in our operations.[\/vc_column_text][vc_empty_space height=”10px”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1554890154632{margin-bottom: 30px !important;}”][vc_column][vc_row_inner][vc_column_inner width=”1\/2″][vc_column_text css=”.vc_custom_1697196398291{margin-bottom: 20px !important;}”]Billings X Activity<\/strong>[\/vc_column_text][vc_single_image image=”725″][vc_empty_space height=”10px”][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_column_text css=”.vc_custom_1697196452696{margin-bottom: 20px !important;}”]Top 10 Clients<\/strong>[\/vc_column_text][vc_single_image image=”726″][vc_empty_space height=”10px”][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=”1\/2″][vc_column_text]The two areas that generate the highest proportion of billings are Film & Entertainment and TVC. Total billings in 2022 were 75.6\u20ac million. Of this amount, 26M\u20ac was income for Advertising, Unscripted, Photo, Features, and TV projects (which total spend of less than 1 M\u20ac).
\nThe remaining 50M\u20ac was for Film & TV projects shot in Spain, with individual budgets totalling over 1 M\u20ac (therefore able to access the Spanish tax rebate).[\/vc_column_text][vc_empty_space height=”10px”][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_column_text]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\u20ac, marking growth compared to the 1 5.68M\u20ac recorded in 2021 .
\nThis 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.[\/vc_column_text][vc_empty_space height=”10px”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column width=”1\/3″][\/vc_column][vc_column width=”2\/3″][vc_column_text] How we did [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text el_class=”inside-page-menu”]CONTENTS Revenues Audit report[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text el_class=”intro-txt”]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.[\/vc_column_text][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1554281413037{margin-top:…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false},"_links":{"self":[{"href":"https:\/\/annualreport.palmapictures.es\/annualreport-2022\/wp-json\/wp\/v2\/pages\/51"}],"collection":[{"href":"https:\/\/annualreport.palmapictures.es\/annualreport-2022\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/annualreport.palmapictures.es\/annualreport-2022\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/annualreport.palmapictures.es\/annualreport-2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/annualreport.palmapictures.es\/annualreport-2022\/wp-json\/wp\/v2\/comments?post=51"}],"version-history":[{"count":11,"href":"https:\/\/annualreport.palmapictures.es\/annualreport-2022\/wp-json\/wp\/v2\/pages\/51\/revisions"}],"predecessor-version":[{"id":926,"href":"https:\/\/annualreport.palmapictures.es\/annualreport-2022\/wp-json\/wp\/v2\/pages\/51\/revisions\/926"}],"wp:attachment":[{"href":"https:\/\/annualreport.palmapictures.es\/annualreport-2022\/wp-json\/wp\/v2\/media?parent=51"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}