Rentabiliweb: a highly profitable business
Published 2009-03-27Latest news. The online audience monetisation specialist has done well in 2008. Its sales have soared by 127% to €56.3 million, thanks largely to its takeover of Montorgueil. Its trading profit also benefited: 258% up at €10.1 million. The gross profit also rose sharply, from 12.3% to 17.9%. Finally, the net profit increased by 38%, to €6.7 million, giving rise to a symbolic dividend of 2 eurocents.
Our analysis. Rentabiliweb’s strategy of external growth worked extremely well in 2008. The group has now successfully diversified into the publishing of digital content, while its original business of providing online payment solutions continues to generate steady repeat income. With €14 million in liquid assets and equity capital of €37 million, Rentabiliweb has the means to pursue its acquisitions policy, develop and grow.
Target share price: 8 €