Based on a recovery of the Spanish TV advertising market, consolidated revenue of Grupo Antena 3 increased by 15.7 per cent to EUR 423 million. The company’s operating profit (EBITDA) was EUR 86 million – an increase by 87.0 per cent compared to the first six months of 2009. The net result of Grupo Antena 3 more than doubled to EUR 58 million.
The strong set of results is primarily due to the fact that Grupo Antena’3 TV activities – which contributed 85 per cent to the company’s consolidated revenue in the first half of 2010 – clearly outperformed the market: while the Spanish TV advertising market was estimated to be up 7.4 per cent year on year, Grupo Antena 3’s net TV advertising sales surged by 21.5 per cent. As a result, the group’s market share increased by 3.4 percentage points to 27.7 per cent.
For more information, please see the presentation.
29 July 2010 - Grupo Antena 3, Spain