The payment will be 8 euro cents per share (gross), which amounts to a profitability of 1,64%. During the first six months of 2014, the group has generated a cash flow of 2,8 million euros from operations.
Today, Grupo Secuoya submits the dividend payments for approval at the Annual General Meeting (AGM), as part of its path towards solvency and financial security, placing the company at the forefront of the industry. Secuoya brings together a total of 24 companies, leaders in their different sectors, enabling the group to become a major player that is present in the whole value chain of the audiovisual sector: content, services, communication and digital.
The figures could not be more explanatory: the group has grown year after year, both in business volume and in results. At the end of 2013, the group had generated revenues of 51,8 million euros, a sevenfold increase since its foundation in 2008. Meanwhile, in the year 2013, the company’s earnings before interest, taxes, depreciation and amortization (EBITDA) continued its upward trend, reaching 8,1 million euros, a tenfold increase since the results of 2008. Given the financial debt of 8,4 million euros (9,2 million in 2012), Grupo Secuoya’s own funds have been multiplied by 23 times since 2010, reaching 5,6 million euros following the capital increase that will be presented to the AGM for approval today.
Regarding 2014, the cash flow generated by the group during the first six months amounts to 2,8 million euros, while consolidated net profit from the period between January and June 2014 has increased by 113 % compared to the same period in 2013, going from 327.000 euros to 698.000 euros.
Meanwhile, investment in tangible and intangible assets during the period January to June amounted to 2.354.156 euros, reaching the figure of over 7.251.959 euros in the last 18 months. To date, the company has signed contracts that guarantee a trading volume of 101.903.000 euros until 2018. The Board of Directors has approved the capitalization of shareholder loans worth 2.000.000 euros, granted by the group’s major shareholders, clearly showing the shareholder’s commitment to the company’s growth.
With these figures on the table during today’s AGM (24th of October), and in order to remain consistent with the financial progress witnessed so far, the Board of Directors will ask the AGM to approve the dividend payment of 8 euro cents (gross) per share with a charge to distributable reserves, which implies profitability of 1,64% per share. The payment reflects Secuoya’s commitment to their investors as well as to the audiovisual sector itself. The group pledges to continue striving towards a more consolidated position on the market both at national and international level.
An active workforce
Against the backdrop of a widespread national crisis, which has hit workers the hardest, Grupo Secuoya’s solvency and business endeavours become evident through their exemplary level of recruitment in the sector. With a total workforce of 595 workers (in December 2013), Secuoya has significantly increased the amount of permanent employees: in just one year, from 2012 to 2013, the company has employed almost one hundred professionals.
As regards short-term contracts, linked to specific projects, Secuoya has signed 3,118 new contracts in 2013. Thanks to this commitment to our staff, and above all to our investment in professionals, we become a business role model that values people as the real drivers behind the company’s success. Grupo Secuoya has 45 production centres all over Spain, and is thus present in terms of content on almost all TV channels. The company is also leader in outsourcing management for regional and national TV.
This consolidation and positioning on the national market has led the company to continue growing beyond our borders. With the aim of becoming one of the main players on the Spanish-speaking audiovisual market, our international expansion is based on partnerships with local partners. The companies we work with follow the same principles as the parent company in Spain: to cover all facets of the audiovisual sector, to share production centres and services, to focus the strategy on resource optimization, to achieve greater presence and increased visibility. The company expects to be present in 5 countries by the end of 2014 (Peru, Chile, USA, Mexico and Colombia).
Thus, during 2014, the company has strategically positioned itself as one of the audiovisual companies with the most potential in the Latin-American market, following the take-over of the Peruvian production company Imizu, one of the largest in the country. Last June, Secuoya landed in the Andean region, in order to export its model of success in coherence with its crosscutting presence along the audiovisual value chain, thus becoming a producer of content in the country.
This summer, Secuoya opened its own office in Miami, with the goal of supplying services in the audiovisual sector as the first step of a large chain of business activities. Jesús Martín, chair of Secuoya USA, INC, leads a group of senior professionals from Grupo Secuoya Spain, who in turn lead a high-level team made up of local professionals. Through this strong presence in the Americas, Secuoya aims to become of the main players on the Hispanic market.