TMCnet News

Grupo Clarín announces its Results for the First Half (1H16) and Second Quarter of 2016 (2Q16)
[August 11, 2016]

Grupo Clarín announces its Results for the First Half (1H16) and Second Quarter of 2016 (2Q16)


BUENOS AIRES, Argentina, Aug. 11, 2016 /PRNewswire/ -- Grupo Clarín S.A. ("Grupo Clarín" or the "Company" - LSE: GCLA; BCBA: GCLA), the largest media company in Argentina, announced today its first half and second quarter results for 2016. Figures in this report have been prepared in accordance with International Financial Reporting Standards ("IFRS") as of June 30th, 2016 and are stated in Argentine Pesos, unless otherwise indicated.

Highlights (1H16 vs. 1H15):

  • Net Sales totaled Ps. 18,724.3 million, an increase of 49.1% from 1H15, mainly due to ARPU and subscriber growth in the Cable TV, Internet access and Telephony segment and, to a lesser extent, driven by the consolidation of Nextel Argentina in the Cable TV, Internet access and Telephony segment.
  • Adjusted EBITDA (1) reached Ps. 5,721.5 million, an increase of 44.4% from 1H15, mainly driven by higher sales in the Cable, Internet access and Telephony segment.
  • Grupo Clarín's Adjusted EBITDA Margin (2) for 1H16 was 30.6%, compared to 31.6% in 1H15.
  • Income for the period totaled Ps. 2,062.9 million, an increase of 23.0% from the Ps. 1,677.1 million reported in 1H15, and the Income for the period attributable to Equity Shareholders amount to Ps 1,227.8 million from Ps. 1,034.3 million, an increase of 18.7%.

FINANCIAL HIGHLIGHTS














(In millions of Ps.)

1H16

1H15

% Ch.

2Q16

1Q16

2Q15

QoQ

YoY

Net Sales

18,724.3

12,555.6

49.1%

9,738.7

8,985.6

6,586.0

8.4%

47.9%










Adjusted EBITDA (1)

5,721.5

3,963.2

44.4%

2,876.8

2,844.7

2,027.1

1.1%

41.9%










Adjusted EBITDA Margin (2)

30.6%

31.6%

(3.2%)

29.5%

31.7%

30.8%

(6.7%)

(4.0%)










Income for the period

2,062.9

1,677.1

23.0%

949.7

1,113.2

876.7

(14.7%)

8.3%










Attributable to:


















Equity Shareholders

1,227.8

1,034.3

18.7%

595.0

632.7

565.1

(6.0%)

5.3%










Non-Controlling Interests

835.1

642.7

29.9%

354.7

480.5

311.6

(26.2%)

13.8%


 

(1)  We define Adjusted EBITDA as net sales minus cost of sales (excluding depreciation and amortization) and selling and administrative expenses (excluding depreciation and amortization). We believe that Adjusted EBITDA is a meaningful measure of our performance. It is commonly used to analyze and compare media companies on the basis of operating performance, leverage and liquidity. Nonetheless, Adjusted EBITDA is not a measure of net income or cash flow from operations and should not be considered as an alternative to net income, an indication of our financial performance, an alternative to cash flow from operating activities or a measure of liquidity. Other companies may compute Adjusted EBITDA in a different manner; therefore, Adjusted EBITDA as reported by other companies may not be comparable to Adjusted EBITDA as we report it.

(2) We define Adjusted EBITDA Margin as Adjusted EBITDA over Net Sales.

Investor Relations Contacts



In Buenos Aires:

In London:

In New York:




Agustín Medina Manson

Patricio Gentile

Alex Money

 

Melanie Carpenter

 




Grupo Clarín S.A.

Jasford IR

I-advize Corporate Communications

Tel: +54 11 4309 7215

Tel: +44 20 3289 5300

Tel: +1 212 406 3692

Email: [email protected]

E-mail: [email protected]

E-mail: [email protected]  

Investor Relations
http://www.grupoclarin.com/ir

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/grupo-clarin-announces-its-results-for-the-first-half-1h16-and-second-quarter-of-2016-2q16-300312371.html

SOURCE Grupo Clarin


[ Back To TMCnet.com's Homepage ]