Television Franchise (TVFCF) Q3 2021 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the TF1 group conference call. At this time, I would like to turn the call over to Philippe Delery, CFO. Sir, please go ahead. Thank you. Good evening, ladies and gentlemen. Thank you for joining us. I will start with the main key points and then give an overview of our results for the first nine months of 21. Then I will be happy to take questions as usual. Let's move to the financial results for the first nine months of 21. The TF1 Group posted strong results for the first nine months of 21, thanks to the combination of a positive trend in the TV ad market, a strong demand for content, as far as our production business is concerned, and cost control in line with our expectations. Group revenues stand at 1,651,000,000 euros, They are up by 21 percent compared to the first nine months or 20, and they are 37 million higher compared to end of September or 19 level. I would like to point out that revenues from our activities are up by 88 million euros year on year, which is plus 22 percent compared to last year, and 33 million euros versus September or 19 plus 7 percent. This performance illustrates the success of our group capacity to extend its core business to complementary activities like production distribution services. The current operating profit stands at 223 million euros plus 98 million euros versus last year and around 40 million higher than nine months or 19. Thanks to this, the group delivered a high current operating margin at 13.5% at the end of September 2021, 11.8% excluding government support of €27.7 million. TF1 remains focused on its ESG involvement. The AdSafe House launched in July an environmental advertising fund called Ecofunding. in order to support responsible advertising initiatives. This...