Atresmedia reported excellent results in 2016. It achieved its highest ever revenues; higher even than those reported in 2007 when the conventional advertising market was 34 % bigger than it is today. Thanks to the strong performance of all its media and platforms, the Company’s net revenues, EBITDA and net profit all increased compared to 2016.
The advertising market in conventional media was worth a total of 5,234.7 million euros, up 4.3 % on the previous year, according to Infoadex.
The revenues generated by Atresmedia’s Television Division increased markedly in the year; in fact, it reported its highest ever revenues despite operating in a market that has shrunk by 39 % since its peak in 2007. Although it operates one channel fewer than its main competitor, it has succeeded in developing a varied and competitive range of programming with attractive content that has resulted in impressive audience figures.
The Division’s financial results improved as a result in 2016:
The Radio Division of the Company has released solid results despite the lower growth shown by the advertising radio market. The strength of the grid of the radio channels, renewed in 2015, together with the cost control, make Atresmedia Radio the most profitable radio company in Spain, with an EBITDA Margin on sales of 24 %.
The proposed distribution of the profit for the year 2016 that the Company’s directors will submit for approval by the shareholders at the Annual General Meeting is as follows (in thousands of euros):
|Interim dividends paid in 2016 (EUR 0.22/share)||49,487|
|Maximum final dividend (EUR 0.25/share)||56,433|
|To voluntary reserves||18,569|