SIREN : 302069414
GLENAT EDITIONS is a French company founded 52 years ago, specialized in the sector Édition de livres. Based in GRENOBLE (38000), this company of category ETI shows in 2023 a revenue of 146.0 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2023 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Revenue | 146 037 273 € | 107 723 254 € | 67 532 015 € | 65 884 483 € | 57 011 519 € | 53 285 283 € | 49 820 680 € |
| Net income | 19 653 092 € | 24 224 901 € | 9 679 246 € | 5 528 133 € | 4 624 310 € | 3 201 219 € | 2 230 678 € |
| EBITDA | 45 579 886 € | 52 068 309 € | 25 426 165 € | 21 976 697 € | 16 754 940 € | 15 649 009 € | 14 479 457 € |
| Net margin | 13.5% | 22.5% | 14.3% | 8.4% | 8.1% | 6.0% | 4.5% |
In 2023, GLENAT EDITIONS achieves revenue of 146.0 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +16.6%. Vs 2021, growth of +36% (107.7 M€ -> 146.0 M€). After deducting consumption (46.6 M€), gross margin stands at 99.4 M€, i.e. a rate of 68%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 45.6 M€, representing 31.2% of revenue. Warning negative scissor effect: despite revenue change (+36%), EBITDA varies by -12%, reducing margin by 17.1 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 19.7 M€, i.e. 13.5% of revenue. This profit can be retained or distributed to shareholders.
146 037 273 €
99 419 456 €
45 579 886 €
25 162 503 €
19 653 092 €
31.2%
The debt ratio (= Financial debt / Equity x 100) stands at 1%. 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 66%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 16.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
0.882%
65.667%
16.432%
0.032
64.9%
In 2023, the debt ratio of GLENAT EDITIONS (0.88) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2023, the financial autonomy of GLENAT EDITIONS (65.7%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.
In 2023, the repayment capacity of GLENAT EDITIONS (0.03) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.
The liquidity ratio (= Current assets / Current liabilities) stands at 317.06. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 0.6x. Danger: operating income does not cover interest charges, unsustainable situation.
317.055
0.597
In 2023, the liquidity ratio of GLENAT EDITIONS (317.06) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.
In 2023, the interest coverage of GLENAT EDITIONS (0.6x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 93 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 86 days. The company must finance 7 days of gap between collections and payments. Inventory turnover is 68 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 253 days of revenue, i.e. 102.8 M€ to permanently finance. Over 2016-2023, WCR increased by +207%, requiring additional financing.
102 795 636 €
93 j
86 j
68 j
253 j
Based on 104 transactions of similar company sales (all years), the value of GLENAT EDITIONS is estimated at 54 232 677 € (range 22 960 907€ - 160 332 388€). With an EBITDA of 45 579 886€, the sector multiple of 1.1x is applied. The price/revenue ratio is 0.24x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 104 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare GLENAT EDITIONS with other companies in the same sector:
The revenue of GLENAT EDITIONS in 2023 is 146.0 M€.
Yes, GLENAT EDITIONS generated a net profit of 19.7 M€ in 2023.
The headquarters of GLENAT EDITIONS is located in GRENOBLE (38000), in the department Isere.
The tax return of GLENAT EDITIONS is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).
GLENAT EDITIONS operates in the sector Édition de livres (NAF code 58.11Z). See the 'Sector positioning' section above to compare the company with its competitors.