> Media Capital announces results for the 1st quarter 2015

FIRST QUARTER 2015 RESULTS

 

Media Capital’s net profit more than tripled YoY, reaching € 2.3 million in the first three months of 2015

 

Media Capital’s EBITDA improved by 5%, reaching € 5.5 million, with a margin of 14.5%. This performance stems from the improvement in advertising, as well as from the continuous effort put into controlling opex.

 

In what advertising is concerned, on consolidated grounds it increased by 1%.

 

TVI kept the leadership in TV audiences, with an average share of 23.1% and 26.0% in all day and prime time respectively. The positive gap over the second most watched channel was 3.9pp in all day and 1.6pp in prime time. TVI leadership was also maintained when analysing groups of channels, with 26.6% in all day and 28.4% in prime time, i.e. respectively 4.1pp and 1.4pp above the second most watched group of channels.

 

On financial grounds, the TV segment posted an EBITDA of € 4.6 million and a margin of 14.7%, with advertising up by 1%.

 

The Audiovisual Production segment had a substantial improvement of its profitability, with an EBITDA of € 0.7 million (vs. € -0.3 million in the comparable quarter of 2014).

               

The Radio’s EBITDA was € 0.5 million, with a margin of 15.7%, thus improving by 10% vs Q1 2014. The first audience data for 2015 confirmed Rádio Comercial as the country’s number one radio station (23.6% share, 2.3pp above the closest competitor), whereas MCR’s aggregate group of radios registered a share of 33.8% (1.9pp above the comparable reading of 2014).

 

Below the operating line, financing results improved by almost 50%, benefiting greatly from the refinancing operation that took place in the second half of 2014.