October 24th, 2019
www.atresmediacorporacion.com
"We believe in the power of reflection and emotion"
9M19 Highlights
- According to external sources, Total Ad market decreased by around 3% in 9M19 with TV down by 6%, Radio up by 2% and Digital up by 9%
- Atresmedia achieved 26.5% audience share in Total Individuals and 28.0% in Commercial Target. Both roughly in line with 9M18
- Atresmedia TV increased market share by 30bps up to 41.2%
- Atresmedia Digital revenue grew by 8% up to €33 mill
- Atresmedia Radio's NAR totaled €59 mill (+1% yoy)
- Atresmedia's Total Net revenue amounted to €724 mill; -3.2% yoy
- OPEX stood at €597 mill; -4.2% yoy
- EBITDA of €126 mill (+1.9% yoy) which implies EBITDA margin of 17.5%
- Net Profit reached €80 mill and FCF was €119 mill
- Total Net Debt stood at €179 mill (vs €231 mill at Dec 2018), less than 1x Net Debt /last 12m EBITDA
9M19 Results | 2 |
1
9M19 Financial Summary
9M19 Results | 3 |
Atresmedia
9M 19 Results in € mill: P&L
Net Revenues
OPEX
EBITDA
EBITDA Margin
EBIT
EBIT Margin
Net profit
Net profit Margin
9M 19 | 9M 18 | YoY | ||
- 723.7 747.6 -3.2%
<<<<<<<<<<<<<<<<<597.3 623.6 -4.2%
<<< | 126.4 | 124.0 | +1.9% |
17.5% | 16.6% | ||
111.8 | 110.1 | +1.5% | |
15.4% | 14.7% | ||
80.3 | 86.1 | -6.8% | |
11.1% | 11.5% |
Source: Atresmedia's financial statements
9M19 Results | 4 |
Atresmedia: Net revenues by segment
- Total Net Revenues stood at €724 mill, -3.2% yoy
- Audiovisual revenues were €672 mill (-3.5% yoy)
- Radio revenues totaled €59 mill (+0.6% yoy)
Net Revenues
In € mill
-3.2% | |||
-3.5% | |||
748 | 724 | 696 | |
672 | |||
+0.6% | ||||||
59 | 59 | |||||
9M 18 | 9M 19 | 9M 18 | 9M 19 | 9M 18 | 9M 19 | |
Total Group | Audiovisual | Radio |
Source: Atresmedia's financial statements
Eliminations are not included
9M19 Results | 5 |
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