Turnover: 17.141 million EUR (2021)

Country: France

  • A major French player in the co-working sector, with around 23 spaces in France as well as in Geneva, Brussels and Antwerp
  • Subsidiary of La Poste Immobilier group
  • 130 employees

News

Coworking, housing, senior residences La Poste flexes its real estate muscles 17/09/2024

  • - First steps into coworking: 2016.
  • - Number two in France in terms of number of sites, behind IWG.
  • - Merger of subsidiaries: Startway (shareholder since 2016) and Multiburo (acquired in 2022) merge under the Mitwit brand.
  • - Number of sites by the end of 2024: Approximately 40 sites, compared with 50 at present, following the closure of unprofitable sites.
  • - Distribution of current sites: 17 in Paris, 17 outside Paris, the rest in Belgium and Switzerland.
  • - Future expansion: 20 new locations planned by 2026 or 2027, including spaces in Paris, Toulouse and other locations.
  • - Target: To reach a hundred sites, probably by 2030.
  • - Number of employees: 160.
  • - Maximum surface area of coworking sites: 2,000 m².
  • - La Poste real estate assets: 9,000 buildings, representing over 6 million square meters.
  • - Senior residence projects : Four residences by the end of the year, with four others in rehabilitation and eight projects under study.
  • - Housing production: 5,000 housing units by 2028, with a forthcoming delivery in Paris (35 social housing units + 48 home-ownership units).

Shared offices: the coworking market is back on track 16/02/2023

  • By 2022, the coworking market in France will have grown by 20%
  • 3.500 coworking spaces in France, with a combined surface area of over 1 million square meters
  • 91% occupancy rate by 2022 across the country

Financial Data

DUNS: 345250153

Legal Name: MULTIBURO

Address: 27 B AV DES SOURCES LE SHERATAN, 69009 LYON 9EME

Number of employees: Entre 50 et 99 salariés (2020)

Capital: 4 212 080 EUR


Financial Data:

Year 2021 2020 2019 2018 2017 2016 2015
Turnover 17 141 886 19 515 806 21 001 616 20 972 331 20 735 850 21 285 855 20 394 705
Gross margin (€) 17 266 410 19 671 389 21 134 201 21 118 101 21 431 608 21 366 876 -
EBITDA (€) -123 008 996 740 817 172 1 657 438 1 475 863 2 627 150 -
Operating profit (€) -1 528 384 -610 354 -541 583 480 355 379 748 1 195 715 -
Net profit (€) -1 204 977 -607 225 1 379 668 1 494 141 1 042 116 1 402 744 855 970
Turnover growth rate (%) -12,2 -7,1 0,1 1,1 -2,6 4,4 -
Ebitda margin rate (%) -0,7 5,1 3,9 7,9 7,1 12,3 -
Operating margin rate (%) -8,9 -3,1 -2,6 2,3 1,8 5,6 -
Working Capital (turnover days) 59,3 38,5 83,9 37,2 7,7 -16,5 -
Working Capital requirements (turnover days) -19,4 -42,2 -18,8 -24,7 -31,9 -31,1 -
Net margin (%) -7 -3,1 6,6 7,1 5 6,6 -
Added value / Turnover (%) 30,4 32,6 33,8 37,8 37,3 40,4 -
Wages and social charges (€) 4 280 817 4 058 125 4 934 789 4 871 360 4 953 202 4 623 721 -
Salaries / Turnover (%) 25 20,8 23,5 23,2 23,9 21,7 -

Company Managers:

Position First Name Last Name Age Linkedin
Directeur général Stéphanie Marie Christine REY 58

Studies mentioning this company

The coworking market - France

Other companies mentioned:

  • La Cordée
  • Wojo
  • WeWork
  • Spacesworks (International Workplace group)
  • Wellio (Covivio Groupe)
  • Morning Coworking
  • Kwerk
  • Multibureau
  • Giboire groupe
  • Industrious Office
  • Start way (La poste Immobilier)
  • DIGITAL VILLAGE Coworking
  • THALES DIGITAL FACTORY
  • Vinci Immobilier
  • HÉMÉRA
  • Bureaux à partager
  • IWG Regus (International Workspace group)
  • Ateac
  • Insitu Groupe
  • Bureaux and co
  • Now Coworking
  • La Ruche CoWorking
  • Coworkings communautaires
  • Cardinal Groupe
  • Cowool
  • Deskeo
  • BMG Groupe
  • The Bureau
The business centre market - France

Other companies mentioned:

  • ABCLIV
  • Sofradom
  • Alac Etoile
  • Servcorp
  • Ateac
  • NCI Groupe
  • Sofrapart
  • Centre d’affaires des Monts d’or 1
  • Baya Axess
  • Bureaux à partager
  • Le Bloc (Eyrolles Groupe)
  • IWG Regus (International Workspace group)
  • Buro club
  • Multibureau