Grupo Media Capital : Media Capital announces results for the 2nd quarter 2017
November 21, 2017 at 12:45 pm EST
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FIRST HALF 2017 RESULTS
Media Capital's net income increased by 13% to € 8.3 million
Media Capital's net income was up 13%, with the second quarter improving 16% YoY.
Consolidated EBITDA improved 1% YoY in the first half (1H), reaching € 17.3 million, benefiting from a relevant effort in cost cutting (-9%). In the quarter, EBITDA improved 8% YoY.
In the first six months of 2017, advertising revenues came down 5% YoY, with the impact mostly due to the first quarter, as in the second one advertising decreased only 1%.
TVI kept the leadership in TV audience share, registering an average of 21.4% and 25.0% in all day and prime time, respectively. The gap over the second most watched channel was 4.3pp in all day and 3.3pp in prime time. TVI's leadership in audiences was also maintained when analysing groups of channels, with 24.4% in all day and 27.6% in prime time, i.e. respectively 3.8pp and 2.8pp above the second most watched group of channels.
On financial grounds, the TV segment posted an EBITDA of € 15.1 million, which compares with € 14.7 million in 1H 2016. In the second quarter, EBITDA grew by 18%, from € 9.5 million to € 11.1 million, with a margin of 30.4%.
The Radio segment had an EBITDA of € 2.6 million, with a margin of 28.4%, down 1% vs last year's figure. In the second quarter, EBITDA rose by 2% YoY to € 1.8 million. In the latest audience measurement, Media Capital's radios had their best performance ever in terms of share: 38.1%. Rádio Comercial kept the leadership, with a 24.6% share, whereas m80 had a very significant improvement, reaching its highest audience ever (9.7%), standing out as the third radio station in Portugal.
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 17:44:02 UTC.
Original documenthttp://www.mediacapital.pt/en/p/577/article/4995/media-capital-announces-results-for-the-2nd-quarter-2017/
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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. 
