Grupo Media Capital : Media Capital announces results for the 2nd quarter 2016
November 21, 2017 at 12:51 pm EST
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FIRST HALF 2016 RESULTS
Media Capital's EBITDA increased by 6% to € 17.2 million
In the first six months of 2016 (1H16), Media Capital's EBITDA improved by 6% YoY, reaching € 17.2 million, with operating revenues improving 4%, whilst operating expenses increased by 3%.
In what regards advertising, in 1H16 there was a YoY improvement of 6%.
TVI kept the leadership in TV audiences, with an average share of 22.3% and 26.0% in all day and prime time respectively. The positive gap over the second most watched channel was 4.5pp in all day and 3.8pp in prime time. TVI leadership was also maintained when analysing groups of channels, with 25.9% in all day and 29.0% in prime time, i.e. respectively 4.5pp and 3.8pp above the second most watched group of channels. The leadership was also kept in the month of June alone, despite the fact that TVI did not broadcast any of the UEFA Euro 2016 matches.
On financial grounds, the TV segment posted and EBITDA of € 14.7 million, improving 9% over the comparable period of 2015.
In turn, the Audiovisual Production segment kept a positive EBITDA contribution.
The EBITDA of the Radio segment was € 2.6 million, corresponding to a margin of 29.6% and improving 10% YoY. In the third audience reading, Media Capital's aggregate group of radios had an audience share of 36.2%, 1.3pp better than the second most listened to group. Rádio Comercial had an audience share of 24.4%, continuing to be the #1 radio and staying 2.3pp above the closest competitor.
In terms of operating cash flow, there was a YoY improvement of 25%, to € 21.7 million, coupled with a quarterly YoY increase of 59%, towards € 19.5 million.
Media Capital SGPS SA published this content on 21 November 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 November 2017 17:49:39 UTC.
Original documenthttp://www.mediacapital.pt/en/p/577/article/4991/media-capital-announces-results-for-the-2nd-quarter-2016/
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Grupo Média Capital, SGPS, S.A. is one the leading Portuguese media groups. Net sales (excluding businesses in the process of being sold) break down by activity as follows:
- operation of a TV channel (56.5%): operation of the general-interest TVI channel;
- production of televised programs (16.7%; NBP; No. 1 in Portugal): series, soap operas and movies;
- other (26.8%): operation of Internet portals, publishing of music CDs and DVDs, event organization, distribution of films in theaters, DVD distribution, sales of audiovisual rights, etc.
Net sales (excluding businesses in the process of being sold) break down by source of income between sales of advertising space (53.9%), and other (46.1%).
GRUPO MÉDIA CAPITAL, SGPS, S.A. 
