Television Franchise (TVFCF) Q1 2021 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the TF1 Group's conference call. At this time, I would like to turn the call over to Philippe Denry, CFO. Sir, please go ahead. Thank you. Good evening, ladies and gentlemen. Thank you for joining us. I hope that you are all keeping safe. Already one year into the pandemic, the TF1 Group has remained committed to ensuring the health and safety of all staff and stakeholders. taking necessary sanitary measures while ensuring business continuity. I will start with the main key points, as usual, and then give an overview of our results for the first three months of 2021. Then I will be happy to take questions. First, let's move to financial results for the first quarter of 2021. Once more, the TF1 group has shown its agility and its capacity to improve its performances. Group revenues stand at 510 million euros. They are up by 3.2% compared to the first quarter of 2020, thanks to a growth of head-spanning and significant increase of revenue from new in. Profitability rose to 57 million euros at end of March of 2021, a plus 35% increase versus last year. The group is back to the double-digit profitability levels with an operational profit rate of 11.1%. This was achieved while keeping costs in check and our ratings on all our media brands. With €16 million growth on total revenues, we deliver a €15 million increase on the operating profit of the group. It's a profitable growth for the group. As a leader, TF1 seeks to make a real difference through its ESG involvement. In Q1, the channels launched a third edition of the Experts à la Une program, which promotes diversity on news shows thanks to the empowerment of female experts. Through better inclusion and exemplarity, we believe we can explore untapped potential. The re...