German owner of UK HQ'd studio network generated â?¬34.6m in FY07Catalis, the German firm which owns both Kuju Entertainment and QA outfit Testronic Labs, has reported a revenue hike of over 200 per cent, attributing the jump to its acquisition of Kuju early last year.
In a preliminary report for the 2007 fiscal year, revenues were €34.6 million, over triple's the previous year's €11.1 million. Meanwhile operating profit increased 76 per cent from €2.9m to €5.1m. In both revenues and operating profit Catalis exceeded its published guidance for 2007.
Catalis said the increase was "due to the acquisition of Kuju Entertainment" plus the consolidation of testing outfit PMTC, and organic growth.
A statement said: "The acquisition of Kuju Entertainment turned out to be a substantial contributor to the company’s revenue as well as profit line, providing Catalis with a second strong foothold in the segment of outsourcing services for the digital media industry."
Kuju runs six studios: Zoe Mode, Doublesix, NiK NaK, Chemistry, Kuju London and Kuju America.
Also, the firm added that its media services and testing division saw more growth off the back of games, in which "testing turned out to be the fastest growing line of business in the quality assurance division". The firm also said the slump in the QA market caused by the Blu-Ray and HD-DVD format war had finished.
Catalis added that it is targeting revenues of €39m and operating profit target of €5.5m in FY 2008.