Brief: Atresmedia Q1 Net Profit Up At 23.4 Mln Euros YoY

Atresmedia Corporacion de Medios de Comunicacion SA

27/04/2023 06:52

April 27 (Reuters) - Atresmedia Corporacion de Medios de
Comunicacion SA  A3M.MC :
    * Q1 NET PROFIT AT 23.4 MILLION EUROS VERSUS 23.1 MILLION
EUROS
YEAR AGO
    * Q1 NET REVENUES 212.3 MILLION EUROS VERSUS 209.3 MILLION
EUROS
YEAR AGO
    * Q1 EBITDA 36.3 MILLION EUROS VERSUS 35.2 MILLION EUROS
YEAR AGO
    * Q1 NET TELEVISION ADVERTISING REVENUES AT 151.1 MILLION
EUROS
VERSUS 159.7 MILLION YEAR AGO
    * EXPECTS ADVERTISING MARKET ACROSS ALL MEDIA TO PICK UP IN
LINE
WITH ECONOMIC GROWTH, OR EVEN BY SLIGHTLY MORE, GRADUALLY MOVING
CLOSER TO 2019 LEVELS TOO
    * ESTIMATES THAT GROUP'S FINANCIAL DEBT AT 2023 CLOSE WILL
BE
BELOW 50 MILLION EUROS
    * BELIEVES RADIO AND DIGITAL ADVERTISING MARKETS WOULD
OUTPERFORM
MARKET IN GENERAL IN THE YEAR, AS SEEN IN THIS FIRST QUARTER
    * CONFIDENT THAT IT WILL CONTINUE TO MAINTAIN THE OPERATING
MARGINS ACHIEVED IN RECENT YEARS
    * DIVIDEND POLICY REMAINS UNCHANGED, THEREFORE A FINAL
DIVIDEND
AGAINST 2022 PROFIT OF €0.22/SHARE (49.5 MILLION EUROS) WAS
APPROVED AT YESTERDAY'S GENERAL MEETING OF SHAREHOLDERS

Source text for Eikon:  urn:newsml:reuters.com:*:nCNM7VxfZH
Further company coverage:  A3M.MC 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))