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The Eyeworks Group has once again managed to achieve a higher operating profit (EBITDA). In comparison to 2010, the EBITDA increased by 12% to €30.1 million euros in 2011. The increase in EBITDA was generated entirely by autonomous growth. Revenue for the Eyeworks Group increased by 9% annually to its highest levels ever to €237 million in 2011. Net profit in 2011 also increased to €12.7 million. Eyeworks also announces the installation of a Supervisory Board. In April this year, the shareholders of Eyeworks will appoint Wilco Jiskoot (chairman) and Hubert Deitmers to the Supervisory Board.
Global growth for Eyeworks
Both financially and operationally 2011 was a year of growth for Eyeworks. All four clusters of the Eyeworks Group (with affiliates in 17 countries) contributed to the growth. The activities in cluster Western Europe benefited mainly as a result of both the scripted and non-scripted Dutch operations. In cluster Scandinavia, Eyeworks continued its growth. Following the successful launch of our scripted activities in Sweden, Eyeworks also announced beginning of its scripted activities in Denmark. In cluster South America, Eyeworks Brazil has created a market leading independent position in 3 short years since the launch of its operations. In 2011, Eyeworks signed a long-term contract with TV broadcaster Bandeirantes. The international hit format Obese led the English-speaking cluster (including the USA) to realize outstanding results as the program has been sold to 125 countries. In addition, Eyeworks USA closed a deal with ABC for a daily talk show.
Wilco Jiskoot Chairman of the new Supervisory Board
The new Supervisory Board will consist of two prominent personalities in the international business. Wilco Jiskoot, Chairman of Eyeworks’ Supervisory Board, was a member of the Managing Board of ABN Amro for 12 years (top 10 largest banks in Europe by assets at that time). In his last year, he served as Vice Chairman. Most recently, he started his own company where he provides advising various companies. Jiskoot has great affinity with the media world as he was closely involved in the growth and development of the production company Endemol. Hubert Deitmers is co-founder and co-owner of Van den Ende & Deitmers, an investment fund that is also a shareholder of Eyeworks. Deitmers is a member of the Supervisory Board of Nyenrode New Business School and a member of the Advisory Board of ACE (Amsterdam Center for Entrepreneurship). Previously, he was a member of the Executive Board of Endemol. It is the intention to extend the Supervisory Board to three members.
CEO and founder of Eyeworks, Reinout Oerlemans is pleased with the current developments: “Never before has Eyeworks been as strong as we are today. Our results gives us the opportunity to focus further on our creativity and the development of new titles. Together, with a strong creative team, I will apply myself to the task in hand. In addition, I am looking forward to working with the new Supervisory Board. Installing a Supervisory Board –with noteworthy names such as these– is a natural step for Eyeworks as we professionalize our growing global business. I am convinced that the entire Eyeworks Group will benefit from the knowledge of Wilco Jiskoot and Hubert Deitmers and we will be able to strengthen our market positions in the countries where we operate.”
Eyeworks is a creative, independent television & film production company that develops, produces and distributes content in different genres including fiction and entertainment. Eyeworks was founded in The Netherlands in 2001 by Reinout Oerlemans. Currently, with operations in The Netherlands, Belgium, Germany, Switzerland, Sweden, Denmark, Norway, Argentina, Chile, Brazil, Spain, Portugal, Italy, the United States, New Zealand, Australia and the United Kingdom, Eyeworks operates a tight-knit web of local affiliates on four continents. In its 17 countries Eyeworks produces television programs for over 100 different channels and employs more than 1,500 employees. Internationally successful titles include: Test The Nation, CQC, Who Wants to Marry my Son, Beat The Blondes, Reality Queens of the Jungle, The Italian Dream and Obese (Extreme Makeover: Weight Loss Edition).
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