Financial accounts 2021

For its 40th year in business, Indigo Publications recorded its 19th consecutive year of growth and positive results. This strong performance has been accompanied by an ambitious recruitment drive in all departments (editorial, commercial and IT).

Turnover reached €6.64m in 2021, representing 16% growth (it was also 16% in 2020), while operating expenses increased by 20% (13% in 2020). The expense-to-revenue ratio was therefore 82%. The operating profit reached €1.23m (€1.18m in 2020).

As of 31 March 2022, Indigo Publications has a full-time workforce of 67 people, including 45 editorial staff and 22 in other departments (sales, marketing, IT, management). Twenty of these positions were created during the last year. The company also has a growing network of more than 100 freelance correspondants around the world.

This recruitment drive has enabled us to produce more informative and higher quality publications, and to expand our editorial coverage.

Since 2009, Indigo Publications has been rewarding its employees for the company’s results through a profit-share plan. A payment of €258,000 was made for 2021. In addition to this plan, an employee shareholding programme has also been set up.

The first quarter of 2022 has already shown strong growth. As a result, Indigo Publications expects its turnover to increase by 15 to 20% in 2022.