WARNER BROS. INTERNATIONAL TELEVISION PRODUCTION FRANCE : revenue, balance sheet and financial ratios

In 2024, WARNER BROS. INTERNATIONAL TELEVISION PRODUCTION FRANCE achieves revenue of 27.9 M€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +19.8%. Vs 2022, growth of +31% (21.2 M€ -> 27.9 M€). After deducting consumption (12.3 M€), gross margin stands at 15.5 M€, i.e. a rate of 56%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 22.8 M€, representing 81.8% of revenue. Warning negative scissor effect: despite revenue change (+31%), EBITDA varies by +25%, reducing margin by 4.5 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.8 M€, i.e. 10.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 0%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 67%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 79.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 269.72. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 129 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 81 days. The gap of 48 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 140 days of revenue, i.e. 10.9 M€ to permanently finance. Over 2017-2024, WCR increased by +375%, requiring additional financing.

Indicative estimate only : the number of comparable transactions in this sector is limited (28 transactions). This range of 3 137 739€ to 42 718 856€ is provided for information purposes only and requires in-depth analysis to be confirmed.