March 19, 2018

Emakina Announces 2017 Financial Results

Posted by Luc Malcorps

Did you know that Emakina Group
is listed on Euronext GROWTH Brussels?

This is coherent with the group’s ambition to expand its competences, service offering, and reach. And it helps to support external and organic growth.

As a listed company, Emakina has to maintain the discipline to publish more information on a regular basis. This content is validated by external auditors and controlled by governing bodies (like the FSMA). As a bonus, the management can count on the valuable guidance of the Board, that includes independent administrators.

Financial reporting is a lot of work (congratulations, team!) but it’s worth it…
Why? It helps to strengthen Emakina’s transparency and to maintain its good governance. As a result, the group is perceived with a higher level of credibility – and rightly so.

So, what are the result for 2017?

Here’s the summary of the official statement

Emakina Group Results 2017: Continued international growth and positive operating margin trend

Income of EUR 80,305,000, up 3.8%; EBITDA of EUR 5,727,000, up 6.1%

Leading European independent agency Emakina Group (Euronext GROWTH Brussels : ALEMK), announces its annual results for 2017. The group’s consolidated sales amounted to EUR 80,304,612 compared with EUR 77,339,180 in 2016, an increase of 4% (stable at constant scope), boosted in particular by 9% growth in activities ‘outside Belgium’.


The EBITDA amounted to EUR 5,726,817 (EUR 5,180,967 at constant scope), compared with EUR 5,400,484 in 2016, an increase in absolute terms of 6.0%. Expressed as a percentage of total sales, EBITDA rose from 7.0% to 7.1% (6.7% at constant scope).

The 2017 current profit before tax amounted to EUR 1,375,730, owing to the increase in the amortisation of goodwill linked to the group’s external growth strategy and to the fall in the financial result in 2017, which benefited in 2016 from the favorable evolution of exchange rates. The net profit (EUR 32,206) may be attributed to the development of the current profit and non-recurrent charges. This net profit helps maintain the group’s equity base.


The group maintained its financial stability thanks to a net positive result, a level of financial indebtedness in line with its internationalisation strategy, working capital requirements under control and the availability of adequate credit lines.

Mastery of Experience platforms and specialised solutions

In 2017, Emakina Group heightened its mastery of integrated digital experience platforms like Adobe, Salesforce, Kentico, Sitecore, Sitefinity and specialised solutions like Drupal, Magento, Umbraco, Selligent Marketing Cloud, Marketo, etc..

New clients

Some major new clients: BCGE Bank, Boucheron, Carrera, Courir, ECCO, First Stop, International Ice Hockey Federation, Intersport, Konica Minolta Europe, Le Pain Quotidien, Maxeda, Mondi, Öcard, Renault Nissan Consulting, Transdev, Vienna Tourism Board.

Geographical expansion

The group continues its geographical expansion. Beginning 2017, Emakina acquired all the capital in the Swedish agency Doe Blomberg Gottberg (DBG) and in 2018 it acquired all the shares in New York agency Karbyn, with a workforce of ten, and an annual turnover in 2017 of over USD 2 million.

Expected one-digit growth

Based on current commercial indicators and the existing scope, Emakina Group is expecting one-digit growth of its consolidated income in 2018.



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