Secuoya Content Group achieves record revenues of 106.2 million euros in 2023

  • Secuoya Content Group achieved revenues in 2023 of 106.2 million euros, supported by the strong growth of Secuoya Studios. 
  • EBITDA for 2023 grew by 47.1% to €31.9 million, an increase of €10.2 million compared to the same period last year. 
  • The company will distribute a gross dividend of 0.30 euros per share. 

The Company has presented its results for the 2023 financial year, showing a net sales figure (INCN) of 106.2 million euros compared to the 2022 financial year. EBITDA for 2023 increased significantly by 47.1% to EUR 31.9 million, an increase of EUR 10.2 million compared to 2022. The final net result was 2.8 million euros.  

“We are very pleased to be able to announce excellent financial results and a dividend distribution that quadruples the figures for 2022. This great news for the group comes just one year after announcing the takeover bid that enabled Secuoya Content Group to confirm its position as the only Spanish-owned content group. We have full confidence in our business strategy and we are convinced that this economic and financial approach will continue to bear fruit in the future”, said Raúl Berdonés, CEO of Secuoya Content Group. 

These indicators demonstrate efficiency in the management of operations and the profitability of the business, supported by a unique studio-centric approach that integrates all aspects of audiovisual production, from creation and production to content distribution. This integrated model has enabled the group to overcome traditional frameworks and remain at the forefront, with the studio representing 45% of the group’s EBITDA, with a portfolio of projects, including series, films and unscripted content, all designed to generate high quality intellectual property with strong international potential, distributed in more than 50 countries. 

The strategy focused on preserving the intellectual property of the productions provides a solid library of content that guarantees recurring revenues in the short, medium and long term.  

In June 2023, Raúl Berdonés and Pablo Jimeno, Executive Chairman and CEO of Secuoya Content Group, respectively, announced a takeover bid aimed at acquiring a majority stake in the company. In detail, the founders of the group launched a takeover bid for 55% of the capital, which, added to the 25% they already owned, gave them control of 80% of the shareholding. This offer was made at a premium of 55.9% over the listed value of the shares, establishing the value of the company at 127.5 million euros. 

With this acquisition, Secuoya Content Group reaffirms its position as the only independent international content group with Spanish shareholders, reinforcing its position with the clear objective of consolidating its position as a global studio. 

Dividend distribution 

The Board of Directors of Secuoya Content Group has agreed at the General Shareholders’ Meeting held on June 5, 2024 to pay a cash dividend out of voluntary reserves of 0.30 euros gross per share. This dividend will be paid in two payments of 0.15 euros gross per share on the following dates: 

  • June 14, 2024: 0.15 euros gross per share. 
  • December 13, 2024: 0.15 euros gross per share. 

This represents a maximum total dividend of €2,422,073, quadrupling the amount distributed with respect to the previous year (+329%). 

In 2023, the Board approved the distribution of a cash dividend on account of the 2023 profit, consisting of the amount of 565,000 euros (0.07066374 euros gross per share). 

The company has developed a shareholder remuneration strategy that takes into consideration key elements such as the Group’s overall earnings, its cash generation capacity, financial strength and liquidity, the possibility of embarking on strategic investments, and the expectations of shareholders and investors. 

Secuoya Content Group
Secuoya Content Group