Go to content
Vocento Social

Vocento obtains EBITDA of 28.2 million euros, 27.4% more than in the same period in the previous year

  • Profitability has increased across all business areas, thanks to 22.8 million euros of cost reductions
  • O Advertising rises by 9.8% in the audiovisual area and by 27.5% on the Internet. The two areas now represent 19.4% of total revenues.
  • O The solid financial position supports the business model: net debt of 98.6 million euros and cash of 78.6 million euros.
  • O Net income improved by 13.5 million euros from the same period in 2009.


Madrid, 29 July 2010.- In the first half of 2010, Vocento obtained EBITDA of 28.2 million euros, an increase of 27.4% from the first half of the previous year. Cost reduction measures of 22.8 million euros have contributed to this performance.

In terms of advertising spending, the coordinated strategy of the group's brands across different media has served to slow the decline in the press, and led to significant increases in the audiovisual area (+9.8%) and on the Internet (+27.5%), which continues to grow faster than the market (13.5%, source Infoadex).

Despite the current environment, which is having a particular impact on the media sector, Vocento maintains a solid financial position, with net debt of 98.6 million euros and cash of 78.5 million euros. These figures put the group at an advantage for capturing future growth.

Net income improved by 13.5 million euros from the first half of 2009, excluding from last year's result capital gains from the sale of real estate assets.

Results by business area

A highlight in print media is the progress made by ABC, which has increased circulation revenues by 2.2% and which has closed the gap to El Mundo over the last year to a third (41,508 copies). In addition, ABC has improved its EBITDA by over 3.8 million euros, thanks to the balance achieved between editorial and commercial efforts and cost controls and savings.

For its part, the regional press has retained its leadership of a fragmented market, with share of 26.3%, and has obtained EBITDA of 27.2 million euros. Based on the above, the profitability of the print area improved significantly, by 30.4% from the first half of 2009.

The audiovisual area performed excellently in the first half of the year, based on its leadership in DTT, which doubled its EBITDA (2.1 million euros) from the first half of 2009. The channels of NET TV have achieved audience share of over 3,6% and Disney Channel is the leading thematic channel. "La 10", a general and family television channel, and MTV, for young people, have joined the offering.

In addition, revenues have increased at Punto Radio (+16.4%), and also at Content (+3.7%), because of increased activity from the production companies. In total, revenues in the audiovisual area increased by 5.4% to 60.8 million euros, with EBITDA up 43.5% to 7.6 million euros.

The results from the Internet area again demonstrate Vocento's potential in this area. Advertising increased by 27.5%, well above the market rate (13.5%), with advertising revenues from the Internet now representing 10.6% of the group's total advertising sales. The commitment to the development of Classifieds has led to a 47.4% increase in classified advertising revenues.

In addition, in the first half of the year, Vocento portals registered 7.1% more unique monthly users, according to data from Nielsen Netview, consolidating the group's leadership on the Internet, with over 10 million users.

Vocento

Vocento is a leading multimedia company in Spain, thanks to the strength of its brands, which have a significant presence in all areas of information and entertainment, including the press, supplements, magazines, television, radio, audiovisual production, movie distribution, and the Internet.
The national, regional and local positioning of Vocento, its permanent commitment to innovation, and the strength of its brands, enable the company to extend its reach beyond its competitors, covering over 27.4 million people, according to the EGM. For more information, go to Vocento.com.

Back