Financial results

2015 has been a year of growth consolidation that commenced in the last quarter of 2013. Atresmedia is already the leading Spanish communications group and the reference for all kinds of news events. Due to the excellent evolution of all of its media and supports, the Company has increased its Revenue, its EBITDA, and its Net Profit in 2015.

This has been helped by the fact that the advertising environment this year has once again been positive. In conventional media, the advertising market reached 5,016.7 million euros, up 7.5% on the previous year, according to Infoadex.

• Net Revenue reached 970.2 million euros (compared to 883.2 in 2014), which represents an increase of 9.8%.
• The EBITDA was 165.7 million euros, achieving a margin over sales of 17.1% compared to the 14.5% of 2014.
• Net Profit climbed up to 99.2 million euros, 112% more than in 2014.
• The Distributed Economic Value was 707.1 million euros.

Atresmedia Televisión

The television division of Atresmedia has notably increased its revenue.

Despite having two fewer channels than its competitors in the first six months of the year and one channel less from 1 July following the launch of the MEGA channel, the company has been able to compile a varied and competitive TV offer, incorporating into its grid some very attractive contents that have generated appreciable audience levels.

In December, the schedule was reinforced with the launch of the Atreseries channel, which in its brief existence has already recorded more than half a point of audience share.

Thus the financial results of this division increased in 2015:

• Net Revenue was 857.4 million euros, compared to 785.3 of the previous year, up 9.2%.
• EBITDA totalled 133.5 million euros, representing a margin over sales of 15.6% and growth of 29.1% versus 2014.

Atresmedia Radio

In radio, Atresmedia has obtained some outstanding results. The changes introduced at Onda Cero in April, to mark its 25th anniversary, as well as the incorporation of a new generation of professionals, has strengthened what was already an attractive radio offer from the Group, and 2015 has been the secondbest year in its history.

Income was above market growth (8.1%) due to an attractive, balanced and varied programming that has been able to win the confidence of both the public as well as advertisers.

• Net Revenue was 89.9 million euros, compared to 81.2 of the previous year, up 10.6%.
• EBITDA amounted to 21.8 million euros, compared to 17.6 million in 2014.

Distribution of profit

The proposed distribution of the profit for the year that the Company's directors will submit for approval by the shareholders at the Annual General Meeting is as follows (in thousands of euros):