SIREN : 423754241
LE TELEGRAMME is a French company founded 26 years ago, specialized in the sector Édition de journaux. Based in MORLAIX (29600), this company of category ETI shows in 2021 a revenue of 86.3 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-09
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|
| Revenue | 86 287 349 € | 85 232 829 € | 89 687 772 € | 89 450 058 € | 88 257 639 € | 88 463 831 € |
| Net income | 531 449 € | 1 161 236 € | 1 103 026 € | 1 361 320 € | 2 830 378 € | 1 558 497 € |
| EBITDA | 4 113 126 € | 5 925 952 € | 5 341 161 € | 4 183 768 € | 4 070 187 € | 4 673 022 € |
| Net margin | 0.6% | 1.4% | 1.2% | 1.5% | 3.2% | 1.8% |
In 2021, LE TELEGRAMME achieves revenue of 86.3 M€. Activity remains stable over the period (CAGR: -0.5%). Vs 2020: +1%. After deducting consumption (6.0 M€), gross margin stands at 80.3 M€, i.e. a rate of 93%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 4.1 M€, representing 4.8% of revenue. Warning negative scissor effect: despite revenue change (+1%), EBITDA varies by -31%, reducing margin by 2.2 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 531 k€, i.e. 0.6% of revenue. This profit can be retained or distributed to shareholders.
86 287 349 €
80 289 718 €
4 113 126 €
1 768 283 €
531 449 €
4.7%
The debt ratio (= Financial debt / Equity x 100) stands at 9%. 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 65%. 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 1.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
9.21%
64.761%
3.135%
1.107
26.0%
In 2021, the debt ratio of LE TELEGRAMME (9.21) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2021, the financial autonomy of LE TELEGRAMME (64.8%) 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 2021, the repayment capacity of LE TELEGRAMME (1.11) 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 155.03. 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 5.9x. Operating income very largely covers interest expenses: high safety margin.
155.035
5.878
In 2021, the liquidity ratio of LE TELEGRAMME (155.03) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.
In 2021, the interest coverage of LE TELEGRAMME (5.9x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 35 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 28 days. The company must finance 7 days of gap between collections and payments. Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-43 days): operations structurally generate cash.
-10 188 810 €
35 j
28 j
1 j
-43 j
Based on 104 transactions of similar company sales (all years), the value of LE TELEGRAMME is estimated at 9 150 704 € (range 4 449 834€ - 22 451 542€). With an EBITDA of 4 113 126€, 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.
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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 LE TELEGRAMME with other companies in the same sector:
The revenue of LE TELEGRAMME in 2021 is 86.3 M€.
Yes, LE TELEGRAMME generated a net profit of 531 k€ in 2021.
The headquarters of LE TELEGRAMME is located in MORLAIX (29600), in the department Finistere.
The tax return of LE TELEGRAMME 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).
LE TELEGRAMME operates in the sector Édition de journaux (NAF code 58.13Z). See the 'Sector positioning' section above to compare the company with its competitors.