Buy-louer.fr: Annual results 2021

PARIS, April 29, 2022 /PRNewswire/


  • Growth in operating income of +9.6%

  • Results marked by exceptional items

  • 2022, a new era for Buy-Louer.fr


In thousands of euros*

2021*

2020

Exploitation product

3,629

3,311

EBITDA**

281

1,086

Amortization and provisions

4,817

1,604

Of which exceptional impairment on intangible assets

3,209

0

Dues and taxes

95

48

Operating result

– 4,631

– 566

bottom line

(

Temporary financial provision)

– 13,680

0

exceptional result

79

-27

Consolidated net income

– 18,311

– 566

Net income group share

– 18,232

– 593

Net income restated for exceptional items

[1]

– 1,343

– 593

* Audit procedures and Audit report in progress

** EBITDA = Operating profit + Allocations to depreciation and provisions + Taxes and duties

Results

marked by exceptional elements

The ACHETER-LOUER.FR group, a specialist in digital marketing and data solutions for real estate and housing, has seen its operating income increase by nearly 10% to €3.6 million in 2021 with a turnover of 2.8 M€ stable compared to last year. During the year, the Group accelerated its external growth strategy with the creation of its investment subsidiary, ALFR Opportunity Invest, and made 3 equity investments in PropTech start-ups and companies in the real estate sector (Kize, Enchères Immo and Adomos).

During the 2021 financial year, the Group intensified its investments in order to support its development, operating expenses thus increased by 37% to €1.3 million (compared to €1 million last year ). These charges mainly concern the acquisition of data, reinforcement of the sales team, recruitment (engineers, developers and data scientists) as well as expenses related to innovation projects, and should contribute to the growth of the Group’s revenues in the fiscal year 2022.

EBITDA** remains positive and stands at €0.3 million in 2021 compared to €1.1 million in 2020.

The operating result for its part comes to -€4.6 million following the recording in the accounts of an exceptional depreciation of an amount of €3.2 million on intangible assets (Customer file of service contracts Real estate agencies).

Restated for this non-recurring accounting entry with no impact on the Group’s cash flow, operating income was -€1.4 million in 2021 compared to -€0.5 million in 2020 and reflects the increase in operating costs. operations linked to the acceleration of the Group’s developments.

Similarly, the recognition of a temporary financial provision of €13.7 million linked to the compensation mechanism of the financing contract signed with World Tech Financing LTD penalizes the financial result and consequently the Group’s net result. Indeed, this contract provides for compensation in the event of a stock market price lower than the par value of the share. As stock market trends in 2021 were unfavorable for the Acheter-Louer.fr price, the raising of convertible bond tranches was accompanied by compensation. The Buy-Louer.fr group carried out a reverse stock split in January 2022 and plans a capital reduction to compensate for this financial loss. This financial charge was not the subject of any cash outflow for the Group and was entirely financed in Buy-Louer.fr securities.

Restated for exceptional charges

[1]

,

the Group’s net income thus stands at -€1.3 million compared to a loss of €0.5 million last year.

Reinforced financial structure

During the year, the Group strengthened its equity and cash through the issue of bonds convertible or exchangeable for new or existing shares (OCEANE) under the financing contract set up with World Tech Financing LTD.

[2]

. Activation of the 1st tranche

[3]

in June 2021 resulted in the payment of €6 million to the benefit of the Group.

This issue enabled the Group to finance its development and targeted equity investments in start-ups in the PropTech world.

To

December 2021, the Group’s available funds amount to €2 million.

Furthermore, the financial structure remains healthy with net debt of €2.7 million for €8.8 million in shareholders’ equity.

2022, a new era for Buy-Louer.fr

In a changing real estate market, Buy-Louer.fr after a year of structuring 2021, now offers a wide and complete range of solutions dedicated to Real Estate and Housing which revolve around 3 poles of activities: Digital-Data (73% of sales), Press (15% of sales) and BtoB Media (12% of sales). Backed by the financial support of the World Tech Financing LTD fund, the Group embarked on a new strategic direction in 2021, allowing it to anticipate growth and significant value creation from 2022.

The Group is implementing this new

strategy aimed at increasing its Digital, Data and Business synergies

through

of ALFR Opportunity Invest

[4]

a wholly-owned investment subsidiary dedicated to taking targeted holdings in real estate FinTech and PropTech.

Investments made in several PropTech players, such as Kize, Cocoon-Immo and Enchères Immo, have enabled the Group to expand its range of digital services and Data exploitation

. For each of these participations, the Buy-louer.fr group provides major commercial support in the development of their turnover, while at the same time increasing its own income as a distributor of these innovative solutions.

During the year, the Group also took a

participation in Adomos


[5]

, a specialist in the distribution of tax-exempt real estate products, offering interesting cross-synergies between the new and old real estate sectors. Furthermore, Adomos has just made a technological shift to become the

Real estate investment fintech

and announced that it is in the launch phase of a real estate offer in the form of

Real estate NFTs

in partnership with two start-ups in the sector

blockchain

.

Because of this new organization, Buy-louer.fr

now has new sources of growth

on the one hand, through the sale of its solutions as well as those of the PropTechs in which the Group has invested and, on the other hand, through the very strong potential for valuation of its investments in these start-ups which should materialize over the next two years.

In order to support this new strategy, the Group is studying the possible arrival in the capital of strategic investors such as major players in the ecosystem, which will make it possible to consolidate a less dilutive and more structuring scope of shareholding over the long term. Likewise, it remains attentive to any opportunity for external growth, particularly in more mature companies, in order to optimize the profitability of these operations in the shorter term.


Benefiting from a still buoyant real estate market and well-engaged growth drivers, Buy-Louer.fr will continue its mixed growth strategy and confirms its ambition to become the leader in digital solutions and Data in real estate and housing. .

For more information, investors can refer to the balance sheet and income statement for the financial year ended December 31, 2021 approved by the Management Board on April 28, 2022 and available on the company’s website.


.


The audit of the accounts is in progress. The auditors’ audit reports, the annexes and the management report will be posted on the Euronext and company websites as soon as they are issued.


About Acheter-Louer.fr (FR00140072P8-ALALO)





Buy-Louer.fr offers on the themes of real estate and housing, to individuals advice, news, real estate advertisements, offers on housing and to real estate and housing professionals a full range of marketing solutions.

  • Themes of real estate advertisements and magazines of real estate networks

  • Real estate ads portal

  • Mobile real estate applications (Acheter-Louer.fr – ESTIMATION IMMO)

  • Real estate podcast – habitat – immo-habitat blog – immo-habitat newsletters

  • Digital tools and solutions for e-marketing, responsive site, mobile applications

  • Real estate and habitat intentional lead generation

  • BtoC and BtoB e-mailing and SMS campaigns

  • Magazine, Site, Newsletters and Podcast EXPRESSION – information for real estate professionals

  • Monetization of Databases: Real Estate – Change – Transition – Habitat

  • Artificial Intelligence tools for real estate price prediction

  • Real estate showcase on social media

  • Online real estate auction solutions

Buy-Louer.fr is eligible for PEA-PME


Contact


Buy-Louer.fr: 01 60 92 96 00 investors@buy-louer.fr



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Financial calendar:


[1] Adjusted net income: -€18,232k (Net income Group share) + €13,680k (Temporary financial provision) + €3,209k (Depreciation of intangible assets) = -€1,343k (Adjusted net income).

[2] Press releases of June 29, 2021 and March 23, 2022

[3] The monitoring table for the exercises of issuance warrants, conversions of OCEANEs and exercises of BSAs is available on the Group’s website:

[4] Press release of October 27, 2021

[5] Press release of July 8, 2021

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We wish to say thanks to the writer of this write-up for this outstanding material

Buy-louer.fr: Annual results 2021


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