You are hereHome >
|IFRS (in euro millions)||2013||2012||Variation 2013/2012|
|Cost of Goods Sold||-4,8||-4,8|
|Gross Margin rate||87%||86%|
|Other operating costs||-11,1||-10,7|
|Depreciation and Amortization||-2,1||-2,0|
|Operating result before non recurring items||1,8||1,7||7%|
|Earnings before Income Tax||1,7||1,3|
|Net Income (share of the Group)||1,3||1,2||16%|
Dalet consolidated revenues for the year ended December 31, 2013 were €36.7 million, compared to €34.4 million (+7%) in 2012.
Gross margin (defined as revenues minus cost of goods and third-party services resold) for the year was €31.9 million, an 8% increase compared to €29.7 million in 2012. The gross margin rate for 2013 was 87%.
Operating Profit: €1.8 million, Net Profit €1.3 million
The operating profit before non-recurring items for the year was €1.8 million, compared to €1.7 million in 2012 (+7%). The operating profit was up by 21% at €1.8 million.
Consolidated Net profit (Group share) for 2013 was €1.3 million, compared to €1.2 million in 2012 (+16%).
Cash on 12/31/2013: €7.4 million
Shareholders’ equity increased from €12.8 million to €13.8 million on 12/31/2013.
Cash increased from €6.5 million on 12/31/2012 to €7.4 million on 12/31/2013, long term debt remained stable at €1.6 million.
Commenting on the figures released, David Lasry, CEO of Dalet, noted: “These annual results show continued growth in revenue and margin revenue with a modest increase in profit. Our MAM-driven solutions continue to be well received by major customers in the United States and Europe which has produced a sizable backlog of orders. We anticipate new growth in the APAC region as a result of our continued investment in that area, in particular by establishing a strong local presence in Korea. In terms of market segments, our presence in sports production is further enhanced with a new, highly visible installation in Europe. This heightened profile in the sports adds to our already well established presence in the news and programming sectors. At the upcoming NAB trade show, April 7-10th, we are presenting product enhancements that deliver additional workflow efficiencies and added value for current and prospective customers“.
About Dalet Digital Media Systems
Dalet solutions enable broadcasters and media professionals to create, manage and distribute content to both traditional and new media channels, including interactive TV, the Web and mobile networks. Dalet combines into a single system a robust and proven Asset Management platform with advanced metadata capabilities; a configurable workflow engine, and a comprehensive set of purpose-built creative and production tools. This integrated and open environment enables end-to-end management of the entire News, Sport and Program content chain, and allows users to significantly improve efficiency, and to maximize the use and value of their assets. Dalet’s solutions are delivered through a dedicated Professional and Integration Services Department to ensure the highest possible standards. Dalet systems are used around the world by many thousands of individual users at hundreds of TV and Radio content producers, including public broadcasters (ABS-CBN, BBC, CBC, DR, France TV, RFI, Russia Today, RT Malaysia, VOA, WDR), commercial networks and operators (Antena 3, Canal+, FOX, eTV, Mediaset, Time Warner Cable, Warner Bros., Sirius XM Radio) and government organizations (Canadian House of Commons, The European Commission, Parliament of South Australia).
Dalet is traded on the NYSE-EURONEXT stock exchange (Eurolist C): ISIN: FR0011026749, Bloomberg DLT:FP, Reuters: DALE.PA.
Number of outstanding shares: 3.593.680
For more information on Dalet, visit www.dalet.com
DALET- SIMPLIFIED CONSOLIDATED BALANCE SHEET (IFRS- in euro millions)
|12 months||12 months|
|Restricted cash (over 12 months)||0,3||0,2|
|Other non current assets||0,9||0,9|
|TOTAL NON CURRENT ASSETS||8,2||7,7|
|Other current assets||2,7||2,2|
|Cash and cash equivalents||7,4||6,5|
|TOTAL CURRENT ASSETS||24,2||19,9|
|Long-term financial debt||1,6||1,6|
|Other non current liabilities||1,5||1,2|
|TOTAL NON CURRENT LIABILITIES||3,0||2,8|
|Short term financial debt||0,5||0,6|
|Liability for current tax||3,2||3,3|
|Other current liabilities||3,0||1,3|
|TOTAL CURRENT LIABILITIES||15,6||12,0|
|TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY||32,4||27,6|
DALET-SIMPLIFIED CONSOLIDATED CASHFLOW STATEMENT (in euro millions)
|12 months||12 months|
|CASH AT BEGINNING OF PERIOD||6,5||5,1|
|Cash flow before cost of net financial debt and tax (A)||4,2||4,1|
|- Income tax paid (B)||-0,2||-0,2|
|- /+ Change in cash flow requirement associated with the activity (C )||0,5||-0,2|
|- /+ Change in other non recurring assets and liabilities related to assets sold||-0,1||-0,1|
|=CASH FLOW GENERATED BY OPERATING ACTIVITIES (D) = (A + B + C)||4,4||3,6|
|+/- Impact of change of perimeter||0,0||-0,3|
|Cash flows associated with other investment operations||-2,5||-2,1|
|CASH FLOW ASSOCIATED WITH INVESTMENT OPERATIONS||-2,5||-2,4|
|CASH FLOW ASSOCIATED WITH FINANCING OPERATIONS (F)||-0,9||0,1|
|Impact of changes in exchange rates (G)||-0,1||0,0|
|CHANGE IN NET CASH POSITION ( D + E + F + G )||1,0||1,4|
|CASH AT END OF PERIOD||7,4||6,5|