M6 Métropole Télévision: 1st QUARTER 2013
13 Mai 2013 - 8:00AM
Business Wire
Regulatory News:
M6 Métropole Télévision (Paris:MMT):
REGULATED INFORMATION
1st Quarter
(in €m) 1
2013 2012 change Group advertising revenues
194.6 202.5 -3.9%
- of which M6 channel advertising
157.7
164.5
-4.1%
- of which digital channels and other
media advertising
36.9
38.1
-3.0%
Non advertising revenues 154.2 152.6 +1.1%
Consolidated revenues
348.8
355.1
-1.8%
In the first quarter of the 2013 financial year, M6 Group was
able to post a limited decline of 1.8% in consolidated revenues
within a challenging market.
M6 Group’s advertising revenues (M6 channel, digital channels
and Internet) fell 3.9% in the first three months of 2013 and
amounted to €194.6 million, which included €157.7 million for the
M6 channel’s advertising revenues (-4.1%).
The Group’s non-advertising revenues grew 1.1%.
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M6 FTA Network
(in €m)
1st Quarter
2013 2012 change Consolidated Revenues 164.2
168.2
-2.5%
o.w. M6 channel advertising
157.7
164.5
-4.1%
In a sluggish economic environment and despite a challenging
base effect (+1.5% in the first quarter of 2012), M6 channel
posted a limited decline in advertising revenues (-4.1%), enabling
it to gain market share.
In the first quarter of 2013, M6 reported an average audience
share of 10.7% across all targets, thus confirming it as the
2nd ranked on viewers under 50 y.o. and the 2nd ranked prime-time
channel on all viewers (source Médiamétrie).
M6 has built its success on its strong brands (Top Chef,
Capital, Maison à vendre, etc., as well as on its fiction
programmes which continue to win large audiences (Scènes de
Ménages, NCIS, etc.)
Digital channels
(in €m)
1st Quarter
2013 2012 change Consolidated Revenues 42.8
43.4 -1.4%
At the end of March 2013, revenues from the Group’s digital
channels (advertising revenues and distribution revenues)
fell 1.4%, due to the challenging macro-economic
environment.
Within this context, W9 has maintained its top ranking among DTT
channels on the commercial target with an average audience share of
4.3% (source Médiamétrie), and posted an average audience share of
3.2% across all targets (compared with 3.0% in the first quarter of
2012).
In addition 6ter is the leading new DTT channel in H˂50, with a
0.7% audience share (source Médiamétrie).
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).
Diversification and Audiovisual rights
(in €m)
1st Quarter
2013 2012 change Consolidated Revenues 141.7
143.5 -1.2%
Diversification and Audiovisual rights revenues fell slightly
(-1.2%) in the first quarter of 2013:
- Audiovisual Rights revenues
increased 3.8%, notably due to the success of the films Twilight 5
and Looper on video and from the quarter’s cinema releases (Amitiés
Sincères, Beautiful Creatures, etc.);
- M6 Web revenues fell 6.2%, due
to the end of skills games from the programme line-up and the
decrease in revenues from online community games and mobile
entertainment;
- revenues from the Interaction
division rose 28.3%, due notably to the success of its music
ventures;
- Distance selling
(Ventadis) revenues fell 5.4%, due mainly to the policy
implemented in its e-commerce business (Mistergooddeal) of
downsizing its product range.
- Girondins de Bordeaux (F.C.G.B)
revenues rose 14.0%, thanks to their involvement in the Europa
League.
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Financial position
At 31 March 2013, consolidated EBITA1 amounted
to €€59.6 million, a decrease of €€2.7 million, allowing
the Group to increase its profitability, excluding investments in
6ter.
Group Equity totalled €728.2 million (€687.6 million at 31
December 2012) with a net cash position of €394.1 million, an
increase of €76.6 million compared to 31 December 2012.
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Dividend
The Combined General Meeting convened today will be asked to
approve the payment2 of a €1.85 dividend per share in respect of
the 2012 financial year, comprising:
- An ordinary dividend of €0.85 per share
for the 2012 financial year, and
- An extraordinary dividend of
€1.00,
corresponding to a 15.7% yield, including the extraordinary
dividend (based on the 2012 closing price).
Once these €232 million have been paid, M6 Group will retain a
strong investment capacity.
Neuilly sur Seine, 13 May 2013
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Next release: H1 2013 revenues and earnings: 23
July 2013, after market closeM6 Métropole Télévision is a listed
company on Euronext Paris, compartment ATicker: MMT, ISIN:
FR0000053225
1 The current operating income, also called profit from
recurring operations or EBITA, is defined as the operating profit
(EBIT) before amortisation and impairment of intangible assets
related to acquisitions (excluding audiovisual rights) and capital
gains and losses on the disposal of financial assets and
subsidiaries.
2 Last trading day dividend incl.: 17 May 2013 – Ex-Dividend
date: 20 May 2013 – Payment of cash dividend: 23 May 2013
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