Grupo Media Capital : Media Capital announces results for the 3rd quarter 2017
November 21, 2017 at 12:45 pm EST
Share
21/11/2017
FIRST NINE MONTHS 2017 RESULTS
Media Capital's net income increased by 10% to € 9.7 million
Media Capital's net income was up 10% in the first nine months.
Consolidated EBITDA was stable on an accumulated basis, reaching € 22.7 million, benefiting from a relevant effort in cost cutting (-9%), which compensated the decrease in turnover. In the quarter, EBITDA was down by 3% YoY.
As a result of a lackluster performance of the advertising market, in the first nine months of 2017 advertising revenues came down by 4% YoY, although in the third quarter the decrease was less significant (only 2%).
TVI kept the leadership in TV audience share, achieving an average of 20.9% and 24.9% in all day and prime time, respectively. The gap over the second most watched channel was 3.9pp in all day and 2.9pp in prime time. TVI's leadership in audiences was also maintained when analysing by groups of channels, with 23.9% in all day and 27.3% in prime time, i.e., respectively 3.4pp and 2.4pp above the second most watched group of channels.
On financial grounds, the TV segment posted an EBITDA of € 19.7 million, which favorably compares with € 19.0 million in 9M 2016 (+4%). In the third quarter, EBITDA grew by 6%, from € 4.3 million to € 4.6 million.
The Radio segment achieved an EBITDA of € 3.7 million, with a margin of 27.6%, and was up 14% vs last year's figure. In the third quarter, EBITDA rose by 81% YoY to € 1.1 million. In the latest audience measurement, Media Capital's radios had yet again their best performance ever in terms of share (38.6%), beating the record attained in the previous reading (38.1%) and growing 3.1pp vs the comparable reading of 2016. In terms of radio formats, Rádio Comercial kept the leadership with a 24.6% share, whereas m80 maintained 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/4996/media-capital-announces-results-for-the-3rd-quarter-2017/
Public permalinkhttp://www.publicnow.com/view/49295517AFF1F87A9F3B712AAEAB83B397920BEF
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. 
