Financial Results 9M19
P&L (million €) | Balance Sheet (million €) | |||||||
9M19 | 9M18 | %var | 9M19 | FY18 | ||||
Net Revenues | 723.7 | 747.6 | -3.2% | Goodwill | 163.2 | 163.2 | ||
OPEX | 597.3 | 623.6 | -4.2% | Other intangible assets | 149.7 | 147.3 | ||
EBITDA | 126.4 | 124.0 | 1.9% | Property pland and equipment | 102.0 | 81.2 | ||
Amortization | 14.6 | 13.9 | 5.3% | Deferred tax assets | 219.5 | 216.7 | ||
Impairment and disposals | 0.0 | 0.0 | n.a | Non current assets | 634.5 | 608.5 | ||
EBIT | 111.8 | 110.1 | 1.5% | Programming rights and inventories | 317.0 | 352.4 | ||
Financial results | -6.9 | -3.5 | -96.9% | Trade and other receivables | 190.3 | 275.1 | ||
Net Income from investing in other entities | -1.8 | 2.1 | n.a | Other current assets | 31.9 | 31.4 | ||
PBT | 103.1 | 108.7 | -5.2% | Current tax assets | 10.9 | 5.6 | ||
Taxes | 22.9 | 22.7 | 1.0% | Cash and cash equivalents | 90.8 | 85.6 | ||
Minorities | 0.0 | 0.0 | n.a | |||||
Net Profit | 80.3 | 86.1 | -6.8% | Current assets | 640.9 | 750.2 | ||
TOTAL ASSETS | 1,275.3 | 1,358.6 | ||||||
P&L by division (million €) | Equity | 444.1 | 420.5 | |||||
9M19 | 9M18 | %var | Debentures and notes | 183.7 | 170.8 | |||
Net Revenues Audiovisual | 671.6 | 696.0 | -3.5% | Debt to financial institutions | 103.4 | 137.9 | ||
Net Revenues Radio | 59.1 | 58.7 | 0.6% | Other non-current liabilities | 43.7 | 5.8 | ||
Eliminations | -7.0 | -7.1 | Deferred tax liabilities | 30.1 | 30.3 | |||
Total Net Revenues | 723.7 | 747.6 | -3.2% | Non current liabilities | 360.8 | 344.7 | ||
OPEX Audiovisual | 554.9 | 582.1 | -4.7% | Debentures and notes | 2.0 | 3.9 | ||
OPEX Radio | 49.3 | 48.6 | 1.6% | Debt to financial institutions | 1.2 | 12.0 | ||
Eliminations | -7.0 | -7.1 | Trade and otther creditors | 334.9 | 430.9 | |||
Total OPEX | 597.3 | 623.6 | -4.2% | Other current liabiliites | 107.7 | 146.5 | ||
EBITDA Audiovisual | 116.6 | 113.8 | 2.4% | Current tax liabilities | 24.7 | 0.0 | ||
EBITDA Radio | 9.8 | 10.2 | -4.0% | Current liabilities | 470.4 | 593.4 | ||
Total EBITDA | 126.4 | 124.0 | 1.9% | TOTAL LIABILTIES | 1,275.3 | 1,358.6 | ||
EBITDA Mg Audiovisual (%) | 17.4% | 16.4% | ||||||
EBITDA Mg Radio (%) | 16.5% | 17.3% | Cash Flow (million €) | |||||
Total EBITDA Mg (%) | 17.5% | 16.6% | 9M19 | 9M18 | ||||
PBT | 103.1 | 108.7 | ||||||
KPI's | Adjustments | 23.3 | 18.1 | |||||
9M19 | 9M18 | var | Change in working capital | 21.0 | 23.8 | |||
TV | Income tax (paid)/refunded | -7.4 | -5.6 | |||||
Market share (%) - Infoadex | 41.2% | 40.9% | 0.3 | Net Cash Flows from operating activities | 140.0 | 145.1 | ||
Audience Share (%) - Kantar Media | 26.5% | 26.6% | 0.0 | Investments | -33.6 | -53.8 | ||
- Antena 3 | 12.0% | 12.2% | -0.2 | Divestitures | 7.9 | 22.1 | ||
- laSexta | 6.9% | 6.8% | 0.2 | Net Cash Flows from investing activities | -25.7 | -31.7 | ||
- Neox | 2.5% | 2.4% | 0.2 | Lease payments | -0.9 | 0.0 | ||
- Nova | 2.1% | 2.4% | -0.3 | Financial results collected (paid) | -5.9 | -3.5 | ||
- Mega | 1.6% | 1.6% | 0.0 | Dividens paid | -56.3 | -67.5 | ||
- Atreseries | 1.4% | 1.2% | 0.2 | Financing of associates and related parties | 0.0 | -1.8 | ||
Power Ratio (x) | 1.55 | 1.54 | Financial Debt | -46.3 | 40.2 | |||
Radio | Net Cash Flows from financing activities | -109.5 | -32.6 | |||||
No. Listeners (thousands) - EGM | 3,470 | 3,875 | Net increase / decrease in cash | 4.8 | 80.8 | |||
Digital | Cash and cash equivalents, beginning of the period | 85.6 | 25.0 | |||||
Unique Users (mill) - Comscore (end of period: | ||||||||
september) | 26.1 | 19.8 | Changes in the scope of consolidation | 0.3 | 0.0 | |||
Cash and cash equivalents, beginning of the period | 85.9 | 25.0 | ||||||
Financial and market data | Cash and cash equivalents, end of the period | 90.8 | 105.8 | |||||
9M19 | 9M18 | %var | ||||||
Net Financial Debt (mill €) | 179.4 | 199.0 | -9.8% | |||||
No. Of outstanding shares | 225,732,800 | 225,732,800 | 0.0% | |||||
Price / Share end of period (€) | 3.53 | 5.35 | -33.9% | |||||
Market Cap end of period (mill €) | 798 | 1,208 | -33.9% |