Business
Preliminary Results - year ended 31 December 2015
Preliminary Results - year ended 31 December 2015.
About this update from Itv Plc
[{"type":"text","content":"\n \nRNS Number : 7134Q ITV PLC 02 March 2016 \n\nDelivering strong growth and building scale\nFull year results for the year ended 31st December 2015\nRevenue growth across all parts of the business\n· Total external revenue up 15% at £2,972m (2014: £2,590m)\n· 6% growth in Net Advertising Revenue to £1,719m (2014: £1,629m)\n· Online, Pay & Interactive up 23% to £188m (2014: £153m)\n· Total ITV Studios revenue up 33% to £1,237m (2014: £933m)\n· 25% growth in Non-NAR to £1,664m (2014: £1,327m)\nSixth consecutive year of double digit profit growth\n· Adjusted EBITA up 18% to £865m (2014: £730m)\n· Broadcast & Online adjusted EBITA up 16% to £659m (2014: £568m)\n· Studios adjusted EBITA up 27% to £206m (2014: £162m)\n· Adjusted PBT up 18% to £843m (2014: £712m)\n· Adjusted EPS up 20% to 16.5p (2014: 13.8p)\nStrong cash flows funding investment and increased shareholder returns\n· International content business strengthened by further acquisitions including Talpa Media, Twofour Group and Mammoth Screen\n· Given our strong performance the Board is proposing a final dividend of 4.1p, giving a full year dividend of 6.0p per share, ahead of our previous guidance\n· Reflecting ITV's strong cash generation and the Board's confidence in the business, it is also proposing a 10.0p special dividend, equivalent to £400m\nPositive outlook for 2016\n· Expect another good year in 2016 with continued revenue growth across both businesses\n· Over the full year we expect to outperform the television advertising market\n· Euros football will impact phasing of ITV Family NAR, with Q1 flat while Q2 should be positive\n· Online, Pay & Interactive will again deliver double-digit revenue growth\n· ITV Studios will deliver double-digit revenue and profit growth, driven primarily by recent acquisitions\n· We continue to see opportunities to invest across the business, organically and through acquisitions\n \nAdam Crozier, ITV plc Chief Executive, said:\n\"ITV delivered another strong year as we continue to grow and strengthen the business in the UK and internationally. Revenues were up 15% to just under £3bn and for the sixth consecutive year we achieved double digit profit growth, as adjusted EBITA grew 18% to £865m, with all parts of the business performing well.\nOur Broadcast and Online business remains strong with adve...