{"id":61,"date":"2024-11-06T13:12:54","date_gmt":"2024-11-06T13:12:54","guid":{"rendered":"https:\/\/annualreport.palmapictures.es\/annualreport2023\/?page_id=61"},"modified":"2024-12-11T15:35:37","modified_gmt":"2024-12-11T15:35:37","slug":"how-we-did","status":"publish","type":"page","link":"https:\/\/annualreport.palmapictures.es\/annualreport2023\/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 service 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 full_width=”stretch_row_content_no_spaces” column_spacing=”5″ gap=”5″ css=”.vc_custom_1733846551776{padding-right: 80px !important;padding-bottom: 1px !important;padding-left: 80px !important;}” visibility=”hide-at-mm-breakpoint”][vc_column][vc_row_inner equal_height=”yes” gap=”5″ remove_bottom_col_margin=”true”][vc_column_inner width=”1\/3″ css=”.vc_custom_1733846263087{border-right-width: 1px !important;padding-right: 5px !important;padding-left: 5px !important;border-right-color: #c1c1c1 !important;border-right-style: solid !important;}”][vc_column_text css=”.vc_custom_1524213492992{margin-bottom: 20px !important;}”]Sales<\/strong>[\/vc_column_text][vc_column_text]
<\/canvas><\/div>[\/vc_column_text][vc_empty_space height=”10px”][vc_column_text]Sales slowed (20.58M\u20ac) compared to last year (26.52M\u20ac), due to a depressed advertising marketplace and the joint US Actors and Writers strikes.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″ css=”.vc_custom_1733846273147{border-right-width: 1px !important;padding-right: 5px !important;padding-left: 5px !important;border-right-color: #c1c1c1 !important;border-right-style: solid !important;}”][vc_column_text css=”.vc_custom_1524213505095{margin-bottom: 20px !important;}”]EBITDA<\/strong>[\/vc_column_text][vc_column_text]
<\/canvas><\/div>[\/vc_column_text][vc_empty_space height=”10px”][vc_column_text]EBITDA was also impacted due to the reasons commented on above, as well as significant economic uncertainty, with 2023 EBITDA at 323K\u20ac and 2022 at 1.66M\u20ac.<\/p>\n

However we continued to invest, recruiting talent, as well as boosting our CAPEX investment to a record 350K\u20ac over the course of the year.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/3″ css=”.vc_custom_1733846282514{padding-right: 5px !important;padding-left: 5px !important;}”][vc_column_text css=”.vc_custom_1733847016919{margin-bottom: 20px !important;}”]Billings X Activity<\/strong>
\nFigures in million euros<\/span>[\/vc_column_text][vc_column_text]

<\/canvas><\/div>[\/vc_column_text][vc_empty_space height=”10px”][vc_column_text]The area that generates the highest proportion of the billings is film and television (both scripted and unscripted). Total billings were 64.17M\u20ac of which 43.59M\u20ac relates to billings via SPV (Special Purpose Vehicle) limited companies for scripted projects accessing the national Spanish Rebate. Unscripted Television (9.66M\u20ac), TVC (5.45M\u20ac) and Non-SPV Scripted (4.11M\u20ac) were the next largest segments.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content” css=”.vc_custom_1733845515016{margin-bottom: 30px !important;}” visibility=”show-at-mm-breakpoint”][vc_column][vc_row_inner][vc_column_inner][vc_column_text css=”.vc_custom_1524213492992{margin-bottom: 20px !important;}”]Sales<\/strong>[\/vc_column_text][vc_column_text]
<\/canvas><\/div>[\/vc_column_text][vc_empty_space height=”10px”][vc_column_text]Sales slowed (20.58M\u20ac) compared to last year (26.52M\u20ac), due to a depressed advertising marketplace and the joint US Actors and Writers strikes.[\/vc_column_text][vc_empty_space][vc_column_text css=”.vc_custom_1524213505095{margin-bottom: 20px !important;}”]EBITDA<\/strong>[\/vc_column_text][vc_column_text]
<\/canvas><\/div>[\/vc_column_text][vc_empty_space height=”10px”][vc_column_text]EBITDA was also impacted due to the reasons commented on above, as well as significant economic uncertainty, with 2023 EBITDA at 323K\u20ac and 2022 at 1.66M\u20ac.<\/p>\n

However we continued to invest, recruiting talent, as well as boosting our CAPEX investment to a record 350K\u20ac over the course of the year.[\/vc_column_text][vc_empty_space][vc_column_text css=”.vc_custom_1733847058210{margin-bottom: 20px !important;}”]Billings X Activity<\/strong>
\nFigures in million euros<\/span>[\/vc_column_text][vc_empty_space height=”10px”][vc_column_text]

<\/canvas><\/div>[\/vc_column_text][vc_column_text]The area that generates the highest proportion of the billings is film and television (both scripted and unscripted). Total billings were 64.17M\u20ac of which 43.59M\u20ac relates to billings via SPV (Special Purpose Vehicle) limited companies for scripted projects accessing the national Spanish Rebate. Unscripted Television (9.66M\u20ac), TVC (5.45M\u20ac) and Non-SPV Scripted (4.11M\u20ac) were the next largest segments.[\/vc_column_text][vc_empty_space][\/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 service 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: 30px !important;margin-bottom:…<\/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\/annualreport2023\/wp-json\/wp\/v2\/pages\/61"}],"collection":[{"href":"https:\/\/annualreport.palmapictures.es\/annualreport2023\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/annualreport.palmapictures.es\/annualreport2023\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/annualreport.palmapictures.es\/annualreport2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/annualreport.palmapictures.es\/annualreport2023\/wp-json\/wp\/v2\/comments?post=61"}],"version-history":[{"count":28,"href":"https:\/\/annualreport.palmapictures.es\/annualreport2023\/wp-json\/wp\/v2\/pages\/61\/revisions"}],"predecessor-version":[{"id":442,"href":"https:\/\/annualreport.palmapictures.es\/annualreport2023\/wp-json\/wp\/v2\/pages\/61\/revisions\/442"}],"wp:attachment":[{"href":"https:\/\/annualreport.palmapictures.es\/annualreport2023\/wp-json\/wp\/v2\/media?parent=61"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}