Investment and sales growth exercises

( — Dad’s agencyThe company, listed on Euronext Access + (MLPAP), an independent digital real estate network founded in October 2019, has announced its 2021 annual results and 2022 outlook. 249 KE).

The first factor in 2022 (200,000 sales in the first three months of the current fiscal year) is part of this trend of accelerating growth, and Group management is quintupling revenue. For the purpose of, we will come to predict this dynamic continuation. 2022 (1.5 ME, or 5 times the sales in 2021).

Fiscal Year 2021 resulted in strong advertising investment (representing 5.3 ME in Fiscal Year 2021) aimed at establishing the brand’s reputation in France and the French-speaking world. Creating a pool of in-house skills in 2021 has also made it possible to help prepare for the future (fiscal 2021 labor costs 5.2 million, average workforce 103).

These two items account for the majority of annual operating expenses (13.1 million euros).

In the first quarter of fiscal year 2022, the Group benefited from the advertising and technology efforts deployed in 2021 and further relied on automated digital solutions to absorb the increased activity. The recurring monthly operating cost for March 2022 was approximately € 600,000, 46% lower than the average level observed in 2021. With this new, more economically efficient model, group managers can expect regular improvements in the productivity levels of Les Agencesde. Daddy model.

Strengthening financial structure and equity

Fiscal Year 2021 made it possible to lay the foundation for the Group in terms of infamy and organizational and technical capabilities.
As of December 31, 2021, the company’s balance sheet totals 2,424 KE. Fixed assets are 1,216 KE, cash is 444 KE, and current assets are 839 KE. It is important to note that cash does not include 2,450K of funds raised after the end of the fiscal year. On the debt side, the debt was 7,524 KE and the negative capital was -5,133 KE.

As of March 31, 2022, Les Agences de Papa has raised a stake of 2,450K. This includes 2 ME from Holmarcom, one of the largest private Moroccan groups, and 0.45 ME from European investors.

Other financing options are currently being considered to strengthen the company’s capital and enable it to continue to grow.

Strategic areas of development

After laying the foundation for the business model, Les Agences de Papa leverages the processed volume (signature of 2,830 mandates in the second half of 2021) by developing a variety of related services through partnership agreements with professional players. I am aiming to do it.

In addition, the maturity of the digital model offers the prospect of expanding the range of services offered over a period of 6 to 12 months.

“2021 was an important step in establishing the brand in France thanks to our unprecedented marketing investment efforts to scale up, and it is dynamic despite our health. We were able to start promising growth in France, which is expected to continue in 2022 and should be able to exceed the 1.5 million milestone in sales.
Due to the constant productivity gains we made at the beginning of fiscal year 2022, monthly cash consumption was significantly reduced by nearly 50% compared to the 2021 average level, allowing us to look to the future. I was able to do it. Optimistic. Some very important projects that create new revenue opportunities need to be completed in 2022, “commented Frédéric Ibanez, President and Founder of Les Agences de Papa.