ATRESMEDIA CORPORACIÓN DE MEDIOS DE COMUNICACIÓN, S.A. JANUARY-SEPTEMBER 2019
RESULTS
30 September 2019
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.
1
1. | HIGHLIGHTS ....................................................................... | 3 | |
1.1 | Milestones and key figures.............................................. | 3 | |
1.2 | The economic climate and the market .............................. | 4 | |
2. | ATRESMEDIA....................................................................... | 6 | |
2.1 | Consolidated Income Statement...................................... | 6 | |
2.1.1 Net revenue ......................................................... | 7 | ||
2.1.2 Operating expenses............................................... | 7 | ||
2.1.3 Operating earnings and margins ............................. | 8 | ||
2.1.4 Profit before tax.................................................... | 9 | ||
2.1.5 Consolidated profit for the period ............................ | 9 | ||
2.2 | Consolidated Balance Sheet .......................................... | 10 | |
2.3 | Consolidated Cash Flow Statement ................................ | 12 | |
2.4 | Share price................................................................. | 13 | |
2.4.1 Atresmedia's shares ............................................ | 13 | ||
2.4.2 Analysts' recommendations .................................. | 14 | ||
2.5 | Corporate Social Responsibility...................................... | 14 | |
3. | AUDIOVISUAL ................................................................... | 16 | |
3.1 | Income statement ....................................................... | 16 | |
3.1.1 Net revenue ....................................................... | 16 | ||
3.1.2 Operating expenses............................................. | 19 | ||
3.1.3 Operating earnings and margins ........................... | 20 | ||
3.2 | Audiences................................................................... | 21 | |
3.2.1 Television viewing ............................................... | 21 | ||
3.2.2 Television audiences............................................ | 22 | ||
3.2.3 Digital audiences................................................. | 27 | ||
4. | RADIO .............................................................................. | 29 | |
4.1 | Advertising market and audience figures ........................ | 29 | |
4.2 | Income statement ....................................................... | 30 |
2
1. HIGHLIGHTS
1.1 Milestones and key figures
Atresmedia. Key figures
Operational highlights
Total TV audience
TV market share
Radio listeners (thousands) (2nd EGM wave. Rolling average)
Jan-SepJan-Sep
2019 2018
26.5% 26.6%
41.2% 40.9%
3,470 3,875
Total no. employees | 2,450 | 2,036 |
Financial highlights | Jan-Sep | Jan-Sep |
Euros (in thousands) | 2019 | 2018 |
Net revenue | 723,668 | 747,599 |
EBITDA | 126,359 | 123,990 |
Profit for the period | 80,251 | 86,062 |
Net financial debt | 179,431 | 198,974 |
Atresmedia's EBITDA for the nine months to September 2019 totalled 126.4 million euros, a 1.9% increase on the nine months to September 2018, with consolidated profits of 80.3 million euros.
According to Infoadex, Atresmedia Television's market sharefor the period was 41.2%.
It achieved an audience shareof 26.5%, heading the rankings with a prime time commercial target audience of 28.9%, 0.2 percentage points more than Mediaset España.
Antena 3 achieved a 12.0% audience share in the period, with a prime time commercial target audience share of 13.2%.
laSexta stayed 1.6 points ahead of its main competitor with an average audience figure of 6.9%, and 7.4% for commercial target audiences in the prime time slot.
3
The complementary channels (Neox, Nova, Mega and Atreseries) achieved a combined audience share of 7.6% in the nine months to September 2019, with a commercial target audience of 9.0%.
According to statistics published by ComScore in September, Atresmedia's Digital business continued to head the internet rankings for audiovisual groups, with 26.1 million unique visitors, and it was the sixth most visited website in Spain.
Films on release from Atresmedia Cine during the nine months to September accounted for 44% of total earnings for Spanish cinema. "Padre no hay más que uno" was the highest grossing Spanish film in the year to date.
Atresmedia's international channels, meanwhile, had 57 million subscribers, 4 million more than at September 2018, an increase of 7.5%.
Atresmedia Radio's stations, Onda Cero, Europa FM and Melodía FM, maintained their position with 3.5 million listeners, according to the latest study (2nd 2019 EGM wave).
1.2 The economic climate and the market
On 16 September, the National Statistics Institute revised the Spanish National Accounts, restating last year's GDP growth figures downward by 0.2 percentage points from 2.6% to 2.4%.
Based on these figures, the Bank of Spain reduced its GDP growth forecast for 2019 to 2% (from 2.4%), for 2020 to 1.7% (from 1.9%) and for 2021 to 1.6% (from 1.7%).
The Fundación de las Cajas de Ahorros (FUNCAS) did not reflect the INE's changes in its September forecast, estimating GDP growth of 2.2% and 1.9% in 2019 and 2020, respectively.
The number of new jobs created is expected to increase by 2.2% in 2019, while somewhat slower growth of 1.6% is forecast for 2020. The unemployment rate is expected to fall from 13.9% in 2019 to 12.9% in 2020.
Household consumption is expected to increase by 1.7% in 2019 and by
0.1 percentage points less (1.6%) in 2020.
4
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Atresmedia Corporación de Medios de Comunicación SA published this content on 24 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2019 07:09:16 UTC
