Hofmann
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Hofmann - overview
Established
1923
Location
-, -, Spain
Primary Industry
Consumer Products
About
Hofmann specializes in personalized photo products and services, catering to consumers who wish to preserve memories and create unique gifts through their varied offerings. Hofmann is a Spanish company that provides personalized photo products. Founded in 1923, it has successfully navigated shifts in consumer demand and technology. In November 2014, Hofmann was acquired by PhotoBox, expanding its market reach.
The company's headquarters is located in Spain, and it has completed three notable deals since its inception. Hofmann specializes in personalized photo products and services aimed at consumers looking to preserve memories and create unique gifts. Their core offerings include custom photo albums, personalized canvases, photo prints, custom mugs, photo blocks, personalized magnets, puzzles, customized cushions, personalized calendars, and greeting cards. The company’s user-friendly tools facilitate the creation of products that reflect personal styles and memories, serving a diverse customer base in Spain and other European markets.
In 2022, Hofmann reported a revenue of EUR 41,306,093. 1 and an EBITDA of EUR 6,538,551. 4, generated through direct-to-consumer sales of its personalized products, with pricing ranging from EUR 9. 99 for photo albums to EUR 37.
99 for custom puzzles. Hofmann aims to innovate by launching new products tailored to emerging consumer trends, with specific release dates yet to be announced. The company is also focused on expanding its reach beyond Spain into other European markets to attract a broader customer base. Following its acquisition by PhotoBox in 2014, the recent funding will be utilized to support these growth initiatives, enhancing product offerings and market penetration.
Current Investors
Photobox Limited
Primary Industry
Consumer Products
Sub Industries
Commercial Printing, Consumer Products, Digital Media
Website
www.hofmann.es
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Hofmann - timeline of key events

Hofmann - financials
| Fiscal Year Ended | Apr 30, 2015 | Apr 30, 2016 | Apr 30, 2017 | Apr 30, 2018 | Apr 30, 2019 | Apr 30, 2020 | Apr 30, 2021 | Apr 30, 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 9,891,749.7 | 38,440,056.6 | 41,873,197.1 | 40,605,106.4 | 44,128,378.7 | - | - | - |
| % Revenue Growth (YoY) | - | 288.6% | 8.9% | (3.0%) | 8.7% | - | - | - |
| EBITDA (USD) | 1,480,222.1 | 12,204,762 | 14,254,805 | 12,484,643.9 | 9,501,625.4 | - | - | - |
| Operating Income (USD) | 346,975.6 | 9,317,304.7 | 11,692,784.6 | 10,958,231.7 | 7,704,146.3 | - | - | - |
| Operating Margin | 3.5% | 24.2% | 27.9% | 27.0% | 17.5% | - | - | - |
| % EBITDA Margin | 15.0% | 31.8% | 34.0% | 30.7% | 21.5% | - | - | - |
| NET Income (USD) | (2,593,827.5) | 1,595,627.5 | 10,488,258.9 | 8,939,869.9 | 5,803,095 | - | - | - |
| % Net Margin | (26.2%) | 4.2% | 25.0% | 22.0% | 13.2% | - | - | - |
Hofmann - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Hofmann | - | ||||||||
| Add-on | Completed | Hofmann | - | ||||||||
| Add-on | Completed | Posterjack | - | ||||||||
| Buyout | Completed | Hofmann | - |
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Hofmann - employee data


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