Brief: M6 Q1 EBITA Up At EUR 64.3 Mln, To Set Up Committee On RTL Stake Sale

RTL SA

20/04/2021 06:55

April 20 (Reuters) - Metropole Television SA  MMTP.PA :
    * M6 MÉTROPOLE TÉLÉVISION: FIRST QUARTER 2021
    * OVER Q1 OF 2021 FINANCIAL YEAR, M6 GROUP POSTED STABLE
CONSOLIDATED REVENUE, EXCLUDING CONSOLIDATION SCOPE EFFECTS
    * Q1 ADVERTISING REVENUE: EUR 239.4 M, (UP 1.6%)
    * Q1 PROFIT FROM RECURRING OPERATIONS: EUR 64.3 M
    * Q1 CONSOLIDATED REVENUE EUR 296.6 MILLION VERSUS EUR 321.3
MILLION YEAR AGO
    * Q1 ADVERTISING REVENUE EUR 239.4 MILLION VERSUS EUR 235.6
MILLION YEAR AGO
    * Q1 CONSOLIDATED PROFIT FROM RECURRING OPERATIONS (EBITA)
STOOD
AT EUR 64.3 MILLION, COMPARED WITH EUR 45.6 MILLION IN Q1 OF
2020 AND EUR 64.2 MILLION IN Q1 OF 2019
    * Q1 MANAGEMENT OF PROGRAMMING COSTS HAS BEEN FURTHER
OPTIMISED,
RESULTING IN A SIGNIFICANT REDUCTION IN COSTS WHILE
SIMULTANEOUSLY INCREASING AUDIENCES
    * Q1 RECORD OPERATING MARGIN - 21.7% VERSUS. 14.2% IN 2020
AND
18.6% IN 2019 - HIGHEST LEVEL IN 16 YEARS
    * AT 31 MARCH 2021, GROUP EQUITY TOTALLED EUR 1,103.1
MILLION,
COMPARED WITH EUR 1,060.3 MILLION AT 31 DECEMBER 2020
    * COMBINED GENERAL MEETING CONVENED TODAY WILL BE ASKED TO
APPROVE
PAYMENT9 OF A DIVIDEND OF EUR 1.50 PER SHARE IN RESPECT OF 2020
FINANCIAL YEAR
    * AS PART OF PROPOSED TRANSFER OF CONTROL OF MÉTROPOLE
TÉLÉVISION
BY RTL GROUP, ON 22 MARCH 2021 SUPERVISORY BOARD DECIDED TO SET
UP AN AD HOC COMMITTEE COMPOSED SOLELY OF ITS INDEPENDENT
MEMBERS
    * COMMITTEE WILL BE RESPONSIBLE FOR REVIEWING VARIOUS
PROJECTS
PRESENTED TO IT BY RTL GROUP, PARTICULARLY WITH REGARD TO ITS
CORPORATE INTEREST
    * COMMITTEE MEMBERS: MARIE CHEVAL, MOUNA SEPEHRI AND NICOLAS
HOUZE, CHAIRED BY MARIE CHEVAL

Source text for Eikon:  ID:nBw64rSX3a 
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