M6 - METROPOLE TELEVISION: 3rd Quarter of 2013: Consolidated Revenues of € 293.3 m (up 3.7%)
October 29 2013 - 1:45PM
Business Wire
First 9 months of 2013: consolidated
revenues of € 991.5 m (down 0.2%)
EBITA of € 153.9 m, up excluding
investments in 6ter
Regulatory News:
1st Half-Year 3rd Quarter
9 months
(€ millions) 1
2013
2012
%
2013
2012
%
2013
2012
%
Multimedia advertising revenues
417.6
423.5
(1.4%)
161.5
155.1
4.1%
579.1
578.6
0.1%
of which M6 channel advertising
revenues
334.2
342.1
(2.3%)
127.0
123.9
2.5%
461.2
466.0
(1.0%)
of which other advertising revenues
83.3
81.4
2.3%
34.5
31.2
10.4%
117.8
112.6
4.6%
Non-advertising revenues
280.6
287.3
(2.3%)
131.8
127.9
3.1%
412.4
415.2
(0.7%)
Consolidated revenues
698.2
710.8
(1.8%)
293.3
283.0
3.7%
991.5
993.8
(0.2%)
1 The financial information provides a breakdown of advertising
and non-advertising revenues. Group advertising revenues include
M6, W9 and 6ter (FTA channels) advertising revenues, the share of
advertising revenues of pay digital channels and the share of
advertising revenues generated by diversification activities
(mainly Internet).
Having demonstrated its resilience during the first half of the
year in a weakened economic environment, the M6 Group
(Paris:MMT) recorded an increase in consolidated revenues over the
third quarter (up 3.7%), in an economic climate that
remained unfavourable.
The M6 channel’s advertising revenues returned to growth (up
2.5%), whilst other advertising revenues increased by 10.4%.
Non-advertising revenues posted growth of 3.1%.
For the year to the end of September 2013, the M6 Group
achieved revenues of € 991.5 million (down 0.2%), with
advertising revenues of € 579.1 million (up 0.1%), and
non-advertising revenues of € 412.4 million (down 0.7%).
*
* *
M6 TV Network
(€ millions)
2013
2012
%
Revenues – M6 channel advertising
revenues
1st Quarter
157.7
164.5
(4.1%)
2nd Quarter
176.6
177.6
(0.6%)
3rd Quarter
127.0
123.9
2.5%
9 months
461.2
466.0
(1.0%)
Other segment revenues
9 months
16.7
13.1
27.5%
Total M6 FTA segment revenues
9 months
477.8
479.1
(0.3%)
Over the third quarter as a whole, M6 achieved an average
audience share of 10.9%, an increase compared to the 10.5% reported
in the first half of the year (4+ year olds, source: Médiamétrie),
and 17.1% across the commercial target (vs. 15.8%).
M6 succeeded in increasing its audiences thanks to the ratings
achieved by its strong brands (L’Amour est dans le pré,
Capital, 100% Mag, etc.) and the success of its new
programmes launched in September (La meilleure boulangerie de
France, Les Nannies etc.).
Against a backdrop of a continuing decline in advertising
investment in television, M6 managed to gain market share and
posted an increase in its revenues (up 2.5%) in the third quarter.
Whilst demand from advertisers proved to be slightly stronger than
during the first part of the year, advertising market visibility
remained limited.
Digital Channels
(€ millions)
2013
2012
%
1st Quarter
42.8
43.4
(1.4%)
2nd Quarter
51.1
48.1
6.2%
3rd Quarter
41.9
39.0
7.6%
9 months
135.8
130.4
4.1%
During the third quarter of 2013, revenues from the Group’s
digital channels grew 7.6%, driven by W9 and 6ter.
W9 confirmed its position as the leading DTT channel on the
commercial target, with a 4.0% audience share over the third
quarter (source: Médiamétrie) thanks to its original programming.
W9 also strengthened its position as the leading DTT channel
across the audience as a whole during the strategic 5pm-12am time
slot.
In addition, 6ter confirmed its status as the leading HD DTT
channel in the under 50 year-old housewives segment, with a
0.9% audience share over the third quarter (source:
Médiamétrie).
Diversification and Audiovisual Rights
(€ millions)
2013
2012
%
1st Quarter
141.7
143.5
(1.2%)
2nd Quarter
115.2
124.2
(7.3%)
3rd Quarter
120.7
116.3
3.8%
9 months
377.6
384.0
(1.7%)
Revenues from Diversification and Audiovisual Rights reached
€ 120.7 million over the third quarter of 2013, an increase of
3.8%:
- Revenues from Audiovisual Rights
operations grew 36.7%, primarily due to their successful summer
releases (Now you see me and Red 2);
- Revenues from the Interactions
Division increased by 4.5% thanks to the success of the
albums released this summer (Génération Goldman 2, Tropical Family,
etc.);
- M6 Web revenues fell by 11.8%,
notably as a result of the continued decline in revenues from
mobile games and entertainment operations, and pricing pressure on
the mobile phone market, despite the number of M6 Mobile
customers reaching 2.8 million at the end of September;
- Ventadis operations were stable
(sales up € 0.3 million);
- F.C.G.B posted a € 1.3
million increase in revenues, mainly as a result of its
participation in the Europa League.
*
* *
Change in the financial position and outlook
For the year to 30 September 2013, consolidated
EBITA2 totalled € 153.9 million (down 3.9%), up
3.9% excluding investments in the 6ter channel and costs induced by
the new taxes introduced in 2013.
Group equity totalled € 551.6 million at 30 September 2013
(against € 659.3 million at 30 September 2012) with a net cash
position of € 217.8 million.
In a TV advertising market that is in decline, the Group remains
cautious as to how revenues will trend and will maintain its
investments in programming.
2 The profit from recurring operations, also called EBITA, is
defined as operating profit (EBIT) before amortisation and
impairment of intangible assets related to acquisitions (excluding
audiovisual rights) and capital gains on the disposal of financial
assets and subsidiaries.
The Group’s indicative 2014 calendar
will be published shortly on the website
www.groupem6.fr
Next release: 2013 annual financial
information on 18 February 2014 after close of trading
M6 Métropole Télévision is listed on Euronext Paris, compartment A
Ticker MMT, ISIN Code: FR0000053225
M6INVESTOR RELATIONSEric Ghestemme, Tel +33 1
41 92 59 53eghestemme@m6.frorPRESSYann de Kersauson,
Tel +33 1 41 92 73
50ydekersauson@m6.frwww.groupem6.fr
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