21/11/2017

FIRST NINE MONTHS 2015 RESULTS

Media Capital's net profit up 241% YoY in the quarter and 12% YoY until September

  • In 3Q15, Media Capital's EBITDA improved 2%, due to better revenues (+2%) and opex decrease (-1%), mostly due to the TV segment. In the first nine months, EBITDA was down 8% to € 22.0 million, with a margin of 18.1%. The accumulated performance resulted chiefly from the decrease in operating revenues related with call TV.
  • Consolidated advertising revenues improved 2% YoY in 3Q15 and 1% in 9M15.
  • TVI kept the leadership in TV audiences until the end of September, with an average share of 22.6% and 26.7% in all day and prime time respectively. The positive gap over the second most watched channel was 3.6pp in all day and 2.6pp in prime time. TVI leadership in audiences was also maintained when analysing groups of channels, with 25.7% in all day and 29.1% in prime time, 3.6pp and 2.3pp more than the second most watched group of channels. Such lead has expanded vs the comparable period of last year.
  • On financial grounds, in the June-September period, the TV segment posted a 22% YoY improvement of the EBITDA, from € 4.2 million to € 5.1 million. The accumulated figure stood at € 18.6 million, with a margin of 18.4%.
  • The Audiovisual Production segment posted an EBITDA of € -0.6 million (€ -0.2 million until September). This performance is mostly due to the investment in the quality of productions, with a focus on contents with a more international profile and better potential to be sold outside Portugal.
  • The Radio's EBITDA was € 3.1 million for the first nine months, with a margin of 26.1%, improving 14% YoY. In the quarter, EBITDA was € 0.8 million (+4% YoY). In the latest audience measurement available for 2015, MCR's aggregate figures showed a share of 35.9%. It was the third consecutive measurement with MCR ranking number one as a group. Furthermore, Rádio Comercial stands as #1 radio since the second quarter of 2012.
  • The first half of the year was also marked by the launching of TVI Player, a service that consists of an own platform optimised for the visualisation of programs and videos of the TVI universe in a digital environment. It is available free of charge on the web, iPad and iPhone, as well as on smartphones and tablets running on Android. The offer includes live contents of TVI channels, as well as non-linear access to programs, clips with 'best of' and exclusive contents.
  • Consolidated financing results improved considerably (29%), essentially due to renegotiation of financing costs.
  • Also worth mentioning, TVI launched, already in October, the channels TVI Africa (Multichoice - Angola and Mozambique) and TVI Reality (NOS - Portugal), thus increasing the Group's presence in various critical dimensions and reinforcing its strategic advantages.

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 17:29:00 UTC.

Original documenthttp://www.mediacapital.pt/en/p/577/article/4988/media-capital-announces-results-for-the-3rd-quarter-2015/

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