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Smartphoto group again achieves very strong growth in turnover and profitability

Maggy Van den Stock

PRESS RELEASE – Regulated information – Wetteren, January 29, 2021 – 17.40 uur –
smartphoto group (Euronext Brussels: SMAR)

  • Revenue showed a double-digit growth of 19.2% from 51.5 million euro in 2019 to 61.4 million euro in 2020.
  • Improved marketing efficiency leads to an EBITDA growth of 34.9% from 8.8 million euro in 2019 to 11.9 million euro in 2020. 
  • Increase in net cash of 5.0 million euro (+ 61.1%) from 8.2 million euro in 2019 to 13.2 million euro in 2020, despite the dividend payment, further purchase of treasury shares and the start-up of the new factory.

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