2020 Annual Results: AudioValley Announces Marked Improvement in Its Operating Profitability and the Preparation of a New Growth Plan.
Vivendi debt fully repaid
Preparing for the launch of a new business line
Regulatory News:
AudioValley, an international specialist in B2B solutions in digital audio, (ISIN code: BE0974334667 mnemonic: ALAVY) has published its annual results for the 2020 financial year and its revenue for the first quarter of 2021.
Alexandre Saboundjian, CEO: 2020 was marked by several exceptional events. The health crisis of course, but also the early repayment of our debt to the Vivendi group and the signing of strategic partnerships that enabled us to make up for much of the decline in our business, heavily impacted by the fall in advertising investment at the start of the coronavirus crisis. As our results show, we were able to confront the crisis by controlling our costs. These measures and the resilient mindset that spurred each member of our teams led