Prisa produced globally satisfactory H1 16 results with consolidated revenues amounting to €624.5m, down 3.9% on a reported basis, after advertising revenues (38% total group) declined by 3% despite a 1% improvement in Spain, supported by online advertising and sponsorship growth, and a 5.5% rebound in Portugal. Consolidated EBITDA improved by 1.6% to €86.5m as cost cutting control continued throughout the group, reflecting a 70bp margin improvement to 13.8%. Unsurprisingly, forex i
21 Sep 2016
Latin America's negative forex impact, digital transformation and asset disposals ahead…
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Latin America's negative forex impact, digital transformation and asset disposals ahead…
Promotora de Informaciones SA Class A (PZ41:FRA) | 0 0 0.9% | Mkt Cap: 1,033m
- Published:
21 Sep 2016 -
Author:
Véronique Cabioc'h -
Pages:
3
Prisa produced globally satisfactory H1 16 results with consolidated revenues amounting to €624.5m, down 3.9% on a reported basis, after advertising revenues (38% total group) declined by 3% despite a 1% improvement in Spain, supported by online advertising and sponsorship growth, and a 5.5% rebound in Portugal. Consolidated EBITDA improved by 1.6% to €86.5m as cost cutting control continued throughout the group, reflecting a 70bp margin improvement to 13.8%. Unsurprisingly, forex i