Agile Content, a listed company and provider of Internet TV and broadcast solutions, has released its 2022 year-end forecast, maintaining its position as the leading provider of video infrastructure in Europe while fulfilling its mission to establish its leading position in the Pay TV market and OTT.
The unaudited results of Agile Content for 2022 show an upward trend in the evolution of debt and cash generation, both in operational and economic-financial terms.
The tech company, based in the Basque Country and with a presence in more than 24 countries, has ended the 2022 financial year with a turnover of over €100 million thanks to the positive evolution of the business. This figure represents growth of 84.8% in revenue on 2021 and the company has met its goal of competitive scale in the market segment in which it operates.
The company has consolidated this growth rate thanks to recurring income of 72%, the outcome of both inorganic growth due to past acquisitions and the organic growth of the activity. It should be noted that if the pro-forma billing of the acquired companies were added to the 2021 sales figure, organic growth would be around 30%. This growth is calculated taking the pro-forma complete sales of the companies acquired during 2021. There is a discrepancy with the method of calculation that was published in the report for the first half of 2022 when only the pro-forma data of one of the companies acquired was included.
Agile Content has also nearly doubled EBITDA to €9.9 million with an improvement in efficiency and materializing part of the synergies from the acquisitions of new businesses and companies in 2021.
The improvement in the company’s results has led to an interannual boost of +€4.4 million in OFCF, from negative €1.1 million euros in 2021 to a positive €3.3 million in 2022. It has also improved its financial position by reducing the net financial debt to €25.4M (-€3.3M vs. 2021).