Brief: Atresmedia Q1 Net Profit Up At 33.4 Mln Euros YoY

Atresmedia Corporacion de Medios de Comunicacion SA

25/04/2024 07:05

April 25 (Reuters) - Atresmedia Corporacion de Medios de
Comunicacion SA  A3M.MC :
    * Q1 NET PROFIT AT 33.4 MILLION EUROS VERSUS 23.4 MILLION
EUROS
YEAR AGO
    * Q1 EBITDA 50.1 MILLION EUROS VERSUS 36.3 MILLION EUROS
YEAR AGO
    * Q1 NET REVENUES 245.1 MILLION EUROS VERSUS 212.3 MILLION
EUROS
YEAR AGO
    * OVERALL ADVERTISING MARKET STARTED OFF THIS YEAR EXTREMELY
WELL,
DRIVEN PRIMARILY BY STRONG GROWTH IN TV ADVERTISING SPEND
    * LOOKING AHEAD TO NEXT FEW MONTHS, IT EXPECTS PACE TO EASE,
BUT
STILL SHOW YEAR-ON-YEAR INCREASES
    * ADVERTISING IN AUDIOVISUAL CONTENT NET REVENUE ROSE BY
14.4%
YEAR-ON-YEAR IN 1Q24 TO EUR 193.9 MILLION
    * EXPECTS TO END 2024 WITH NET CASH OF UNDER 50 MILLION
EUROS,
ASSUMING PAYMENT IN JUNE OF FINAL DIVIDEND OF EUR 0.24 CENTS (54
MILLION EUROS) FOR 2023 AND FORESEEABLE INTERIM DIVIDEND FOR
2024

Source text for Workspace:  ID:nCNM67ggqG 
Further company coverage:  A3M.MC 

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