Beneficial interest 45%
AvH Contact: Tom Bamelis
The company puts its know-how and more than 65 years of experience at the service of the greatest producers and directors. Each year, Transpalux is involved in the production of more than 200 feature films and television productions.
For instance, in 2016 it supplied Europacorp, the company of Luc Besson, with all the lighting equipment for the blockbuster ‘Valérian et la cité des mille planètes’, which will be screened in June 2017.
2016 also saw a crucial change in the law on tax credits for film productions, which increased from 20% to 30%. This new tax arrangement is far more advantageous for the French film producers, allowing many productions to come back to France and especially preventing others from leaving.
In 2016, Transpalux realized a turnover of 29.7 million euros (a 19% increase) and an operating cash flow (EBITDA) of 3.5 million euros. The net result of the group amounted to 1.4 million euros. This vigorous increase in the result was also made possible by the acquisition of the operation of the Brysur- Marne studios. The turnover of these studios amounted to nearly 4 million euros for the first full financial year, which confirms the site’s potential.
The ‘museums and exhibitions’ activity also made a good contribution to the result. Development of electrical equipment for trade fairs continued.
Finally, November 2016 saw a change of the principal shareholder of Transpalux. The B Live group acquired the 55% controlling interest held by the Watchers group.
The outlook for the Transpalux group in 2017 remains encouraging, and the group has already landed several major productions for 2017, despite increased competition. The tax system will continue to be beneficial for Transpalux, which is ideally placed to work for big film productions. The only possible hitch is increased competition from the other French players, who will not hesitate to drastically cut their margins. Transpalux can count on the quality and know-how of its teams.