From NI to tax cuts – what the chancellor of the exchequer could announce at his first fiscal event
DÉKUPLE: 2022 FIRST-HALF NET SALES _____
Robust net sales growth (+17.9%) driven by strong trends for the digital marketing business (+46.3%)
Paris, 29 August 2022 (8am) - The DÉKUPLE Group, a cross-channel data marketing expert, is today reporting its net sales for the first half of 2022.
Bertrand Laurioz, Chairman and CEO: “With net sales up +17.9%, business for the first half of 2022 shows a solid performance, reflecting the expansion of our digital marketing activities in particular and reflecting DÉKUPLE’s good level of resilience faced with the current economic uncertainties.
Our digital marketing business, which represents 50.8% of consolidated net sales, compared with 40.9% one year ago, confirmed its strong growth, with sales climbing +46.3%, driven by the robust development of the data marketing market and the growing appeal of our consulting and engineering services combining multiple areas of expertise to enable brands to improve their marketing and business performance.
Our portfolio-based activities remain solid despite an unfavorable environment. Our Magazines business, down -4% compared with a high basis for comparison, reflects the impact of lower commercial returns, partially offset by the increase in prices for the press magazine lines. Alongside this, the Insurance business has continued moving forward with its deployment, with +27% growth, supported by the integration of strategic assets from the InsurTech firm QAPE - KOVERS since the end of 2021 and the expansion of our health insurance offering.
While DÉKUPLE is celebrating its 50th anniversary this year, we are confident that we will be able to continue to develop our activities, while offering effective solutions for our clients and further strengthening our expert teams. Thanks to our capacity for innovation, as well as our external growth, building closer links with innovative firms, we aim to continue with our diversification across the entire data-marketing sector.
With its unique positioning and sound fundamentals, DÉKUPLE is rolling out its Ambition 2025 strategic plan with a view to becoming a leader for data-marketing in Europe”.
The DÉKUPLE Group is reporting €89.1m in net sales1 for the first half of 2022, up +17.9%. The Group’s gross margin2 came to €72.0m, up +12.6% year-on-year.
Breakdown of the change in the Group’s net sales by business line:
Breakdown of the change in net sales by region:
Breakdown of the change in the Group’s gross margin by business line:
MAGAZINES: CONTRACTION IN SALES VERSUS A HIGH BASIS FOR COMPARISON
The longstanding magazine subscription business lines recorded a gross sales volume3 of €107.0m, down -4.4%, with a gross margin of €39.7m, down -4.0% as a result of a high basis for comparison - open-ended subscription sales growth of +9.8% for the first half of 2021 - and a deterioration in the economic environment in spring 2022. The increase in press publisher prices is making it possible to partially offset the lower level of recruitments on new commercial campaigns, reflected in a -9.6% contraction in the active open-ended subscription portfolio at 30 June 2022 to 2,370,000 units.
DIGITAL MARKETING: ROBUST GROWTH TREND MAINTAINED FOR CONSULTING AND ENGINEERING
The Digital Marketing business confirmed its strong growth trends, with a gross margin of €28.1m, up +45.8% from the first half of 2021, which had seen +36.2% growth.
The gross margin for consulting services (€17.8m) is up +39.7%. This growth is built around a strong business flow for Converteo, a leading French data and digital strategy consulting firm, in areas that are continuously evolving and innovating. Despite recruitment market pressures, the teams have continued to grow, with over 300 staff currently, helping drive the expansion of the four core practices (Data x Business Consulting, Analytics x Digital Products, Media x CRM, Technology x Data).
Marketing Engineering services in France (€8.1m) recorded an +86.3% increase in their gross margin, factoring in a scope effect for €3.3m, linked to the integration of Reech, an Influence Marketing expert, since the third quarter of 2021. Like-for-like, Marketing Engineering services recorded growth of +5.6%, in line with market trends.
The gross margin for marketing services in Spain (€2.2m) is up +0.7%, consistent with the level of operations from the previous year.
INSURANCE: OUTSTANDING GROWTH, REFLECTING THE INTEGRATION OF THE QAPE / KOVERS ASSETS
The gross margin for the subsidiary ADLP Assurances, specialized in data marketing-based affinity insurance brokerage, came to €4.1m, up +27%. This business is continuing to develop its policyholder portfolio. It is benefiting from the strengthening of its product offering in the Supplementary Health sector since the integration at end-2021 of technological assets from the InsurTech firm QAPE and assets from KOVERS, the first mutual insurer to be awarded the Ethical Health Insurance (Assurance Santé Ethique) label.
Despite the uncertainty linked to the global economic context, the DÉKUPLE Group is continuing to roll out its Ambition 2025 strategy aiming to become a European leader for data marketing. With the Group’s robust financial resources, it is effectively positioned to support aggressive growth in digital marketing with a view to strengthening its positions in this sector, while moving forward with its commercial investments in its portfolio-based activities generating recurrent revenues.
About DÉKUPLE Founded in 1972, DÉKUPLE is a major player for cross-channel data marketing. The Group designs, markets and implements customer acquisition, loyalty and relationship management services on its own behalf or for its partners and clients across all distribution channels. Its expert capabilities enable it to support brands with their marketing needs, and to create, on its own behalf, portfolios that generate recurrent revenues. The Group works with two-thirds of the companies from the CAC 40 and large numbers of mid-market firms. DÉKUPLE recorded net sales of €164.3m in 2021. Present in France, Spain, Portugal and China, the Group employs more than 700 people. DÉKUPLE is the trademark of ADLPartner, a "société anonyme" (limited company) with a Board of Directors, listed on the regulated market of Euronext Paris – Compartment C. ISIN: FR0000062978 - DKUPL www.dekuple.com
Contacts DÉKUPLE Investor Relations & Financial Information tel: +33 (0)1 41 58 72 03 - relations.investisseurs@dekuple.com CALYPTUS Cyril Combe - tel: +33 (0)1 53 65 68 68 - dekuple@calyptus.net
1 Net sales (determined in line with the French professional status for subscription sales) only include the amount of remuneration paid by magazine publishers; for subscription sales, net sales therefore correspond to a gross margin, deducting the cost of magazines sold from the amount of sales recorded. For acquisition and management commissions linked to sales of insurance policies, net sales comprise current and future commissions issued, acquired by the accounting reporting date, net of cancellations. 2 For the digital marketing business, the gross margin represents the total amount of net sales (total invoices issued: fees, commissions and purchases charged back to customers) less the total amount of costs for external purchases made on behalf of customers. It is equal to net sales for the magazine and insurance business lines.
3 Gross sales volume represents the value of subscriptions and other products sold. It is equal to net sales for the insurance business.
Serbia plans to spend 3 billion euros ($2.99 billion) or 4.5% of its annual gross domestic product (GDP) on electricity, gas and fuel oil imports between October and March to meet rising costs of electricity and heating consumption, Energy Minister Zorana Mihajlovic told Reuters on Thursday. The country spent 1.65 billion euros on gas and electricity imports over the same period a year ago. Mihajlovic said that a major portion of the money will go to electricity imports which will cover up to a fifth of the country's needs.
Knight Frank study predicts Prime Central London market will outperform rest of UK
Major players in the electronic design automation software market are Aldec Inc. , Altium Llc, Ansys Inc. , Cadence Design Systems Inc. , Synopsys Inc. , Mentor, Silvaco Inc. , Altair Engineering Inc. , Agnisys Inc.New York, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Electronic Design Automation Software Global Market Report 2022" - https://www.reportlinker.com/p06318521/?utm_source=GNW , Dolphin Design SAS, EasyEDA, Zuken, ElectroMagneticWorks Inc.,
Finland will seek compensation of up to 8 billion euros ($7.97 billion) if Germany nationalises gas importer Uniper, a Finnish cabinet minister said on Friday. Uniper, which is majority owned by Finnish utility Fortum, said on Wednesday the German government might take a controlling stake in the company as it sought further aid on top of a package agreed with Berlin in July. "It is absolutely clear that Finland will not allow Germany to nationalise Uniper without compensation," Minister of European Affairs and Ownership Steering, Tytti Tuppurainen, told the Finnish parliament.
The government is set to reignite high-level talks with bosses at SoftBank once the official mourning period for Queen Elizabeth II ends next week.
Major players in the companion diagnostics market are F Hoffmann-La Roche Ltd, Agilent Technologies Inc, Qiagen NV, Thermo Fisher Scientific Inc, Abbott Laboratories Inc, Myriad Genetics Inc, Almac Group, Illumina Inc, Seimens Healthineers AG, Abnova Corporation, Guardant Health Inc, ARUP Laboratories Inc, Foundation Medicine Inc, Bayer AG, Clinical Lab Products, Leica Biosystems Nussloch GmbH and Life Technologies Tm.New York, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the re
Some of the chancellor’s other proposals may represent a step back to the light-touch era that led to 2008-09 crash
On Black Wednesday anniversary, sterling hits 37-year low against dollar and 17-month low against euro
The training and simulation (T&S) market is forecast to grow and evolve as countries move away from a reliance on live training and greater adoption of virtual and constructive systems. The T&S market has shown strong resilience to the effects of the COVID-19 pandemic, where a decline in live training capabilities has seen a greater adoption of virtual solutions to offset a loss in capabilities.New York, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Eur
LONDON (Reuters) -Shell said on Friday it was "unaffected" by the German government's decision to place the PCK Schwedt oil refinery under a trusteeship, effectively taking control away from Russian majority owner Rosneft. It is unclear who will step in to replace Rosneft as operator of the 233,000 barrel per day refinery, which Shell has sought to sell out of. "Shell remains unaffected by this order as a 37.5% shareholder in PCK Schwedt and will continue to comply with its contractual obligations in accordance with its own shares," Shell said in an emailed statement.
Snaking through London, the queue to see Queen Elizabeth II lying in state ran for 4.4 miles on Thursday, stretching from Westminster to Tower Bridge and beyond.
Unite leader deplores prospect of post-Brexit deregulation drive ‘when millions are struggling’
LISBON (Reuters) -Two European Central Bank policymakers gave diverging views about the size of the ECB's future rate hikes on Thursday, pointing to some disagreement over whether last week's jumbo increase should be repeated. The ECB raised rates by an unprecedented 75 basis points a week ago and President Christine Lagarde hinted at another two or three rises at the coming meetings to fight record-high inflation. But ECB Vice President Luis de Guindos and Portugal's central bank governor Mario Centeno appeared to differ on Thursday about the size of the next moves.
BERLIN (Reuters) -The head of Austrian oil and gas group OMV said on Thursday that the EU's planned windfall levy could have a huge impact and criticised basing the proposal on profits of the last three years, which were not normal times. "We will keep an eye on that, as it can already have a massive impact," Alfred Stern told journalists, adding that the specifics of the proposal have not yet been set out so it was difficult to estimate the exact impact. Under EU plans announced on Wednesday, excessive profits from energy companies will be skimmed off and redistributed to ease the burden on consumers.
It came as the euro area’s annual inflation rate came in as expected at 9.1% in August, up from 8.9% in July. This is more than three times the rate in August 2021.
WARSAW/BERLIN (Reuters) -Polish refiner PKN Orlen is interested in taking a controlling stake in the PCK Schwedt refinery that Germany has placed under a trusteeship, effectively removing control from Russia's Rosneft, sources in Berlin and Warsaw familiar with the matter told Reuters on Friday.Warsaw said earlier this year that ending Russian ownership of the refinery was a condition for potentially supplying it with sea-borne oil via a terminal in Gdansk and via Polish pipelines to replace Russian crude. State-controlled PKN Orlen declined to comment, saying it announces planned or implemented projects and investments when decisions are made. The refinery, which was majority-owned by Rosneft, has been testing Germany's resolve to eliminate imports of oil from Russia by the end of the year under European sanctions to punish Moscow for its invasion of Ukraine.
Falls against the dollar are prompted partly by concern about Liz Truss’s economic and energy policies
Exposure to blue light from use of tablets and smartphones, may alter hormone levels in young children, scientists say.
Before ‘the Merge’, the world’s second-largest cryptocurrency had similar energy demands to the Netherlands
TikTok is serving up misinformation to users searching for news about politics, climate change, Covid-19, the war in Ukraine and more, according to a report released Wednesday.