Grupo Clarin announces its Results for the Fourth Quarter (4Q15) and Full Year of 2015 (FY15)
BUENOS AIRES, Argentina, March 10, 2016 /PRNewswire/ -- Grupo Clarin S.A. ("Grupo Clarin" or the "Company" - LSE: GCLA; BCBA: GCLA), the largest media company in Argentina, announced today its fourth quarter and full year results for 2015. Figures in this report have been prepared in accordance with International Financial Reporting Standards ("IFRS") as of December 31th, 2015 and are stated in Argentine Pesos, unless otherwise indicated.
Highlights (FY15 vs. FY14):
- Net Sales totaled Ps. 27,791.5 million, an increase of 41.0% from 2014, mainly due to ARPU and subscriber growth in the Cable TV and Internet access segment and, to a lesser extent, to higher advertising sales in the Broadcasting and Programming segment and circulation sales in the Printing and Publishing segment.
- Adjusted EBITDA (1) reached Ps. 8,360.8 million, an increase of 65.9% from 2014, mainly driven by higher sales in the Cable and Internet access segment.
- Grupo Clarin's Adjusted EBITDA Margin (2) for 2015 was 30.1%, compared to 25.6% in 2014.
- Income for the period totaled Ps. 2,915.9 million, an increase of 116.7% from the Ps. 1,345.5 million reported in 2014, and the Income for the period attributable to Equity Shareholders amount to Ps 1,884.9 million from Ps. 804.1 million, an increase of 134.4%.
FINANCIAL HIGHLIGHTS
(In millions of Ps.) |
2015 |
2014 |
% Ch. |
4Q15 |
3Q15 |
4Q14 |
QoQ |
YoY |
Net Sales |
27,791.5 |
19,709.6 |
41.0% |
7,810.1 |
7,307.7 |
5,726.7 |
6.9% |
36.4% |
Adjusted EBITDA (1) |
8,360.8 |
5,039.6 |
65.9% |
1,954.0 |
2,443.6 |
1,473.2 |
(20.0%) |
32.6% |
Adjusted EBITDA Margin (2) |
30.1% |
25.6% |
17.7% |
25.0% |
33.4% |
25.7% |
(25.2%) |
(2.7%) |
Income for the period |
2,915.9 |
1,345.5 |
116.7% |
175.7 |
1,063.2 |
584.9 |
(83.5%) |
70.0% |
Attributable to: |
||||||||
Equity Shareholders |
1,884.9 |
804.1 |
134.4% |
140.7 |
709.9 |
357.2 |
(80.2%) |
60.6% |
Non-Controlling Interests |
1,031.0 |
541.4 |
90.4% |
35.0 |
353.3 |
227.7 |
(90.1%) |
84.6% |
(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. |
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(2) We define Adjusted EBITDA Margin as Adjusted EBITDA over Net Sales. |
Investor Relations Contacts |
||
In Buenos Aires: |
In London: |
In New York: |
Alfredo Marin Agustín Medina Manson |
Alex Money Jasford IR |
Melanie Carpenter |
Grupo Clarin S.A. |
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] |
SOURCE Grupo Clarin
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