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Semestrial Results : 84 % growth in half-yearly sales

Author: Brice Le Blévennec

(PRESS RELEASE) Emakina today announces its results for the first six months of 2006. Consistent growth is consolidating its position as the foremost independent interactive agency in Belgium.

For the first six months in 2006, Emakina (Euronext Brussels: ALEMK) posted sales of a total of 4,089,338 EUR, against 2,225,660 EUR over the same period in 2005. This represents a progression of 84 % compared to last year.

These excellent figures are mainly due to the acquisition of new contracts as well as a strong growth in demand amongst existing clients. The operating profits before amortisation (ebitda) for the first half-year of 2006 total 804,212 EUR, compared with 135,299 EUR in 2005. The net result for the same period reaches 403.148,46 EUR, for –15,830 EUR in 2005.

High points of the first 6 months

The first six months finished on a very positive note thanks to the favourable market conditions and the agency’s capacity to efficiently satisfy demand. Operational margins over the period reached 20 %, against 6 % for the same period last year. “This increase in margins stems from a better use of our fixed resources and an improved occupation rate” explains Denis Steisel, CEO of Emakina. “Our sales forecast policy and optimisation of resources planning is bearing fruit.” Emakina is also delighted to count new clients looking for a “full service” agency to develop their Internet projects: Petercam, Fédérauto, Keytrade, Touring Assurances, Glaxo Smith Kline, Boek, Vacature…

The first six months were also marked by first-rate technological and creative innovations. Emakina is notably behind VW Escape TV, a premiere in the field of interactive communication. “VW Escape TV is the first TV channel you can watch on your iPod, portable phone or portable PlayStation. A project of this type opens new possibilities for advertisers”, notes Brice Le Blévennec, President of Emakina’s Board of Directors.

Perspectives for the second half of the year

We remain confident concerning the evolution of our activities for the second semester. Given our current order portfolio, we believe we can maintain the growth rate of more than 80 % over the same period of 2005.

For key figures about our semetrial results, please check out our official press release.

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