Atresmedia Corporación de Medios de Comunicación S A : 2020 Full Year Financial Results
February 25, 2021 at 02:46 am EST
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JANUARY-DECEMBER 2020
RESULTS
31 December 2020
Atresmedia's consolidated financial statements were prepared in accordance with International Financial Reporting Standards (IFRS), taking into account all mandatory accounting principles and rules and measurement bases, as well as the alternative treatments permitted by the legislation in this regard.
In addition, information is disclosed on the individual performance of the Group's two main lines of business: Audiovisual and Radio.
3.2.1 Television viewing ............................................... 24
3.2.2 Television audiences ............................................ 25
3.2.3 Digital audiences ................................................. 29
4. RADIO .............................................................................. 31
4.1 Advertising market and audience figures ........................ 31
4.2 Income statement ....................................................... 32
5. ALTERNATIVE PERFORMANCE MEASURES ............................. 34
1. HIGHLIGHTS
1.1 Milestones and key figures
Atresmedia. Key figures
Jan-Dec
Jan-Dec
Operational highlights
2020
2019
Total TV audience
26.3%
26.2%
TV market share (internal estimates)
41.1%
40.9%
Radio listeners (thousands) (3rd EGM wave
Rolling average)
Total no. employees
2,571
2,464
Financial highlights
Jan-Dec
Jan-Dec
Euros (in thousands)
2020
2019
Net revenue
866,300
1,039,406
EBITDA
74,262
183,945
Profit for the period
23,853
118,025
Net financial debt
116,792
193,010
3,165
3,445
The key issue throughout 2020 has been the global crisis caused by the COVID-19 pandemic. Against this backdrop, Atresmedia's EBITDA for the year totalled 74.3 million euros, with consolidated profits of 23.9 million euros.
During the year the Group implemented a voluntary severance scheme for employees. Excluding the impact of the corresponding provision, EBITDA for the year would have been 110.8 million euros.
According to internal estimates, Atresmedia Television's market share for the period was 41.1%. It achieved an audience share of 26.3%, making it the only television group to see growth in the year, while its competitors lost audience share, and it obtained a prime time commercial target audience of 27.9%.
Antena 3 achieved an 11.8% audience share in the period, with a prime time commercial target audience share of 13.2%.
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Atresmedia Corporación de Medios de Comunicación SA published this content on 25 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2021 07:45:04 UTC.
Atresmedia Corporacion de Medios de Comunicacion SA, formerly Antena 3 de Television SA, is a Spain-based company primarily engaged in the television (TV) broadcasting. The Companyâs activities are divided into three business segments: Television, which specializes in TV broadcasting through its network of channels, such as Antena 3, Neox, Nova, Atresseries and LaSexta; Radio, which focuses on radio broadcasting through a number of radio stations, including Onda Cero, Europa FM and Melodia FM, and Others, which offers advertising services, production of motion pictures and TV movies, as well as development of promotional events, among others. The Company transmits programs in Spain, Colombia, Mexico and the United States, among others.