Jungle increases its sales figure by 80%
Jungle, the creative ecosystem, has announced its financial results of 2022, a year in which the company has experienced growth in an environment marked by the weakening of global economic activity in the latter part.
The ecosystem has reported a sales figure of 19.8 million euros in 2022, increasing its economic income by 80%, compared to the same period last year. The year-on-year growth increased to 67%, adding 13.9 million euros. Operating EBITDA of the creative group reached 2.5 million euros. In addition, Jungle records a compound annual growth in gross margin of 47% from its founding to now (2018-2023).
‘These results prove, once again this year, that creativity is the engine of business. It is what really differentiates business, it makes it grow and it is profitable. With this data and the presence in the stock market since March 2022, we have the necessary financial tools to continue growing at double digits, as we have done over the course of the last three years’, explains Agustín Vivancos, founder and CEO of Jungle.
Jungle is a listed company on Euronext Paris as of March 2022, and it is composed by the independent companies PS21 and PS21 Barna, creative agency; True, communication consultancy; Redbility, product design and digital services consultancy; ES3, digital agency; PINK, creative boutique; the cultural lab and future design Invisible; the editorial project Líbero; the football creative agency Líbero Creative Club; the industrial design company Lúcid and the social agency MeMe. In 2022, Jungle acquired Pink, Líbero and Lúcid, integrated Invisible into the ecosystem, launched PS21 Barna and LCC and, in January 2023, it created partner-first agency MeMe.
The workforce has grown by 68% in the last fiscal year and currently totals 220 employees. The ecosystem has been built over the last four years through the acquisition, mergers and launch of companies, to position itself as one of the most important players in the Spanish creative context.