Growth in both revenue and EBITDA
Advertising revenue up 3.7% (€199.0
million)Profit from recurring operations (EBITA) up 15.4%
(€45.8 million)
Regulatory News:
M6 Group (Paris:MMT):
1st Quarter
(€ millions) 1
2016 2015 change
Group advertising revenues
199.0
191.9
+3.7%
- of which FTA channels' advertising
revenue
186.1
181.0
+2.8%
- of which cab-sat channels and other
media advertising revenue
12.8
10.9
+18.0%
Non advertising revenue
112.9
115.5
-2.3%
Consolidated
revenues
311.8
307.4
+1.4%
Over the first three months of the 2016 financial year, M6
Group posted consolidated revenue of €311.8 million, an
increase of 1.4% in comparison with the first quarter of 2015.The
Group’s first quarter advertising revenues (free-to-air and pay
channels, Internet) grew 3.7%, reflecting the strength of TV and
Internet audience figures.Conversely, non-advertising revenue
dipped 2.3%, primarily as a result of a less dynamic home shopping
business.
During the first quarter of the financial year, consolidated
profit from recurring operations (EBITA) reached €45.8 million, an
increase of 15.4% in relation to the €39.7 million achieved in the
first quarter of 2015.
(€ millions)
1st Quarter
2016 2015 change
Consolidated Revenue
201.0
196.1
+2.5%
o.w. FTA channels' advertising
revenues
186.1
181.0
+2.8%
The average individual television viewing time over the
first quarter of 2015 was stable and, for individuals aged
four and over, reached 3 hours 52 minutes.
Within an ever more fragmented environment marked by audience
share gains for DTT channels, M6 Group confirmed its growth
across all audiences, with an average audience share of 13.6%
for its free-to-air channels (an increase of 0.2 percentage
points vs. the first quarter of 2015, source - Médiamétrie),
and was the only traditional audiovisual group to achieve
year-on-year growth on the commercial target with an average
audience share of 21.8% (up 1.2 percentage points vs.
the first quarter of 2015):
- The M6 channel was the sole traditional
channel to achieve year-on-year growth for both the entire
viewing public (up 0.1 percentage points) and for women under 50
responsible for purchases (up 0.8 percentage points), thanks to the
success of its access primetime schedule (Les Reines du Shopping,
Chasseurs d’appart, Le 19’45 and Scènes de ménages) and to the
relevance of its evening programming, which combines well
established brands (Top Chef, Capital, etc.) and new shows (Garde à
vous, X-Files, etc.);
- W9 retained its position as the second
placed DTT channel on the commercial target, thanks to the
strength of its range of blockbuster films, sporting events and
original magazines;
- 6ter was the top ranked of the new DTT
channels on the commercial target, thereby achieving the
highest growth of the new DTT channels on this target in a year (up
0.4 percentage points).
M6 Group was able to capitalise on its solid 2015 and early
2016 audience figures to post an increase in advertising
revenue for its free-to-air channels, which grew 2.8% in what
remained a cautious market.
- PRODUCTION
& AUDIOVISUAL RIGHTS
(€ millions)
1st Quarter
2016 2015 change
Consolidated revenue
30.5
27.0
+12.9%
At 31 March 2016, revenue from Production and Audiovisual
Rights activities increased €3.5 million (up 12.9%) thanks to a
busier cinema release schedule than during the first quarter of
2015 (5.0 million admissions compared with 2.9 million).The first
quarter of 2016 was marked by the success of Hateful Eight (1.8
million admissions) and The Divergent Series: Allegiant (1.7
million), both distributed at the box office by SND.
M6 Films also coproduced two films that were released in
cinemas over the first quarter, Chocolat (1.9 million admissions),
and Amis publics (0.8 million).
(€ millions)
1st Quarter
2016 2015 change
Consolidated revenue
80.2
84.3
-4.8%
Diversification revenues posted a fall of 4.8% over the first
quarter of the financial year, as a result of the contraction in
the activity of Ventadis, which saw its revenues fall by
€4.7 million (10.6%) due to the gradual renewal of the range of
home shopping products.
This decline was partly offset by the €0.6 million (4.4%) growth
in F.C.G.B’s revenues, related to the increase in
partnership/sponsorship revenues resulting from the new
stadium.
In addition, M6 Web’s revenue was stable at €24.9
million despite the decline in M6 Mobile’s contribution; M6 is
positioned as the leading French TV Group online with 14
million unique monthly visitors (source - Médiamétrie-Nielsen
Netratings, February 2016), and a new audience record for
6play in March with almost 120 million videos viewed across all
screens, a year-on-year increase of 46%.
At 31 March 2016, Group equity totalled €614.2 million (€583.9
million at 31 December 2015) with a net cash position of €201.1
million.
For the first quarter of the financial year, consolidated
profit from recurring operations (EBITA)2 reached
€45.8 million, compared with €39.7 million at 31 March 2015.
This €6.1 million growth was due to the increase in the
contribution of TV activities, related to the growth in advertising
revenues, as well as a profit on Girondins de Bordeaux players
during the winter transfer window.
- DIVIDEND AND
ANNUAL GENERAL MEETING
The Combined General Meeting convened today will be asked to
approve the payment3 of a dividend of €0.85 per share in
respect of the 2015 financial year, unchanged from the previous
year and corresponding to a yield of 5.4% based on the 2015 closing
price.
At the same General Meeting, the renewal of the terms of office
of five members of the Supervisory Board will be proposed:
- Delphine Arnault, Deputy CEO of Louis
Vuitton Malletier;- Mouna Sepehri, Executive Vice-President, Office
of the CEO, Renault;- Guillaume de Posch, co-CEO of RTL Group;-
Philippe Delusinne, Chief Executive Officer of RTL Belgium;- Elmar
Heggen, Chief Financial Officer, Head of the Corporate Center of
RTL Group.
Next release: Half-year financial information
on 26 July 2016 after close of tradingM6 Métropole Télévision is
listed on Euronext Paris, Compartment A.Ticker: MMT, ISIN code:
FR0000053225
1 The information provided is intended to highlight the
breakdown of consolidated revenue between advertising and
non-advertising revenue. Group advertising revenue include the
revenues of the free-to-air channels M6, W9 and 6ter, the
advertising portion of revenues from pay channels and the
advertising portion of revenues generated by diversification
activities (mainly Internet).2 Profit from recurring operations
(EBITA) is defined as operating profit (EBIT) before amortisation
and impairment of intangible assets (excluding audiovisual rights)
related to acquisitions and capital gains and losses on the
disposal of financial assets and subsidiaries.3 Last trading day
with dividend rights: 17 May 2016 - Ex-dividend date: 18 May 2016 -
Payment date: 20 May 2016
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160425006227/en/
M6 METROPOLE TELEVISIONINVESTOR RELATIONSEric
Ghestemme, +33 (0)1 41 92 59
53eric.ghestemme@m6.frorPRESSYann de Kersauson, +33 (0)1 41
92 73 50ydekersauson@m6.fr
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