How we did
We are a full-service (one-stop shop) Production service company delivering the full spectrum of content (from stills to feature films) with a global clientele.
Revenues
Sales
Sales slowed (20.58M€) compared to last year (26.52M€), due to a depressed advertising marketplace and the joint US Actors and Writers strikes.
EBITDA
EBITDA was also impacted due to the reasons commented on above, as well as significant economic uncertainty, with 2023 EBITDA at 323K€ and 2022 at 1.66M€.
However we continued to invest, recruiting talent, as well as boosting our CAPEX investment to a record 350K€ over the course of the year.
Billings X Activity
Figures in million euros
The area that generates the highest proportion of the billings is film and television (both scripted and unscripted). Total billings were 64.17M€ of which 43.59M€ relates to billings via SPV (Special Purpose Vehicle) limited companies for scripted projects accessing the national Spanish Rebate. Unscripted Television (9.66M€), TVC (5.45M€) and Non-SPV Scripted (4.11M€) were the next largest segments.

