La Waalre, June 9th, 2017 - Catalis SE hereby publishes the audited financial figures for the 2016 fiscal year. 2016 was a year of transition with the strategic acquisition of Curve Digital Publishing Limited (‘Curve’) and the completion of a restructure to rationalize the legal entity structure of the Group.
2016 has been a year of transition for the Group. Each Division has laid down strong foundations to identify, develop and enhance new business lines, refocusing the Group to capitalise on new opportunities and hiring expert, experienced employees in both the executive management and operations teams. The Group has continued to reduce external debt levels and whilst this restricted our growth rates in the current year it provides us with a strong platform for growth in 2017 and beyond.
In the fiscal year 2016, Catalis Group generated total sales of Euro 19.37m (2015: Euro 19.72m) with an operating profit of Euro 1.19m (2015: operating loss of Euro 5.1m).
Of the 2016 revenue of Euro 19.4m (2015: Euro 19.7m), Euro 15.3m (2015: Euro 14.9m) was attributable to the Testing Division (quality assurance) and Euro 4.1m (2015: Euro 4.8m) was attributable to the Publishing Division (video games publishing and development). In the fiscal year 2016, the Group’s operating profit amounted to Euro 1.19m (2015: loss of Euro 5.1m). The Testing Division contributed operating profit of Euro 2.5m (2015: Euro 1.9m) and the Publishing Division contributed Euro 0.5m (2015: loss of Euro 0.03m).
As at December 31, 2016, Catalis Group’s total assets amounted to Euro 13.97m (2015: Euro 12.59m) mainly reflecting the acquisition of Curve. The group’s non-current assets amounted to Euro 7.4m (2015: Euro 6.0m), increase of Euro 1.4m of which €0.4m relates to goodwill recognized on the acquisition of Curve and Euro 0.8m relates to increased capitalized development costs, also resulting from the acquisition of Curve. In terms of equity and liabilities, the Group’s total shareholder equity increased to Euro 4.4m (2015: Euro 4.0m). The Group continued to pay down debt (Euro 0.9m) but this was offset by an increase in trade and other payables of Euro 1.1m and an increase in other loans arising from the acquisition of Curve. Current liabilities were Euro 7.3m at 31 December 2016 (2015: €5.6m).
In the fiscal year 2016, Catalis Group generated an operating cash flow of Euro 2.6m (2015: Euro 0.006m). The Group’s total net decrease in cash and cash equivalents in the fiscal year 2016 amounted to Euro 0.3m (2015: increase of Euro 1.1m), resulting in a net cash position at the end of the reporting period of Euro 2.17m (2013: Euro 2.44m).
Catalis SE publishes its Annual Report 2016 on June 9th 2017.
For further information on Catalis SE and its wholly owned subsidiaries, Testronic Labs and Kuju, please refer to www.catalisgroup.com, www.testroniclabs.com and www.kuju.com.
For further questions please contact our Investor Relations team directly:
Investor Relations Team
t: +49 89 24 41 18 - 223
f: +49 89 24 41 18 - 228
About Catalis SE:
Catalis is a worldwide leading outsourcing provider focusing on high-end technical services relating to the creation of digital content for the film, video games and software industries. Catalis offers both testing and development services. It operates through its wholly-owned subsidiaries Testronic Labs and Kuju/ Curve from seven locations throughout the US, the UK, Poland and the Netherlands.