Dalet Revenue Grows 7 Percent in 2013 on Strong Sales of Newsroom Solutions

Posted by Joe Zaller
Feb 14 2014

Dalet, a provider of broadcast newsroom computer systems, asset management, and radio automation solutions, reported that its revenue for 2013 was 2012 revenue was €36.7m, an increase of 7% versus 2012.

Fourth quarter revenue was €12.3m, up 20% versus the same period a year ago.  The strong Q4 made the difference for Dalet, whose revenue had been flat for the first three quarters of 2013 when compared to the same period last year.

Goss margin for the full year 2013 were 87%, up from 86% in 2012, and up from 80% in 2011. The company attributed the margin expansion to a favorable sales mix during the year.

On a geographic basis:

  • Revenue in Europe was €17.6m in 2013, down 6% versus the full year 2012.  Nevertheless, Europe represented 48% of total revenue for the year.

 

  • Revenues grew 11% in the Americas to €12.8m, or 35% of total revenue for the year.

 

  • 2013 revenue from APAC and MEA grew 43% and 64%, respectively, and accounted for 9% and 7% of total revenue, respectively.

 

 

On a segment basis:

  • Asset management revenue was €13.6m, down 11.7% versus the previous year.  Asset management revenue represented 37.1% of total revenue in 2013, compared to 44.9% of total revenue in 2012

 

  • TV Newsroom systems was €12.9m, up 48.3% versus the previous year. TV newsroom systems represented 35.1% of total revenue, compared to 25.4% of total revenue in 2012

 

  • Sport solutions revenue was €3.8m, up 8.6% versus the previous year. Sports solutions revenue was 10% of total revenue in both 2013 and 2012

 

  • Radio solutions revenue was €5m, flat with 2012. Radio solutions represented 13.6% of total revenue, compared to 14.6% of total revenue in 2012

 

  • Integration revenue was €1.4m, down 26.3% versus the previous year.  Integration revenue represented 3.8% of total revenue, compared to 5.5% of total revenue in 2012

 

Dalet said its “financial position remains robust and the operating profit before non-recurring items for the year should be similar to the 2012 results,” but did not provide any further details.  The company had approximately €6m cash on hand at the end of 2012, but did not disclose its cash position at the end of 2013.  It also did not disclose its order backlog, which stood at €22m at the beginning of 2013.

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Related Content:

Press Release: Dalet Revenues 2013: €36.7 Million, +7%

Previous Year: Dalet Reports 10 Percent Revenue Growth in 2012 Thanks to Strong MAM Sales

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