Grupo Media Capital : Media Capital announces results for the 3rd quarter 2016
November 21, 2017 at 12:40 pm EST
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21/11/2017
FIRST NINE MONTHS 2016 RESULTS
Media Capital's net income increased by 7% to € 8.8 million
In the first nine months of 2016 (9M16), Media Capital's EBITDA improved by 3% YoY, reaching € 22.7 million, with operating revenues improving 3%, whilst operating expenses increased by 2%.
In what regards advertising, in 9M16 there was a YoY improvement of 5%.
TVI kept the leadership in TV audiences, with an average share of 21.7% and 25.6% in all day and prime time respectively. The positive gap over the second most watched channel was 4.1pp in all day and 3.4pp in prime time, in both cases improving vs 2015. TVI leadership was also maintained when analysing groups of channels, with 25.3% in all day and 28.6% in prime time, i.e. respectively 4.0pp and 3.4pp above the second most watched group of channels.
On financial grounds, the TV segment posted and EBITDA of € 19.0 million, improving 2% over the comparable period of 2015.
In turn, the Audiovisual Production had a positive EBITDA contribution (€ 0.5 million), improving € 0.7 million vs 2015.
The EBITDA of the Radio segment was € 3.2 million, corresponding to a margin of 25.4% and improving 2% YoY. In the fourth audience reading, Media Capital's aggregate group of radios had an audience share of 35.5%. Rádio Comercial posted an audience share of 23.8%, continuing to be the #1 radio. In turn, m80 posted its second best audience share ever (7.6%), while improving its performance for the fourth reading in a row.
In Digital, advertising improved by 14% YoY in 9M16.
In terms of operating cash flow, there was a YoY improvement of 18%, to € 19.6 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 17:39:01 UTC.
Original documenthttp://www.mediacapital.pt/en/p/577/article/4992/media-capital-announces-results-for-the-3rd-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. 