Sales of € 300 m, i.e. € 44 m better than last year
€ 17 m better due to internal growth and € 27 m due to external growth
Strong revival of publicity income
EBITDA of € 41m, double vs. last year
Overall stronger margins in the business
Acquisitions immediately add EBITDA
When excluding a one off positive element of € 5,8 m, EBITDA stands at 11,7% of sales
Net Result of € 16m, almost triple vs. last year
Margin on sales doubled to 5,5%
3
2021 KEY FACTS
Mediafin (50% RMG) keeps on delivering strong full year results (proportional):
Record subscription & publicity sales
€ 36,8 m 2021 sales (14% growth vs. last year) with 90% gross margin & 23% EBITDA margin or € 8,7 m
Statutory result of € 5,4 m with dividend of € 5,3 m but only € 3,7 m accounted for in RMG
Very strong balance sheet, with € 5,5 m proportionate cash not accounted for in RMG balance sheet
4
Results YTD Dec21
Mediafin - Statutory EBITDA of € 16,3m
becomes € 3,7m RMG IFRS EBITDA
(A)+(B)+(C)
(A)
IFRS adjustments
(B)
PPA (C)
=(D)
ACT 2021
ACT 2021
ACT 2021
ACT 2021
ACT 2021
ACT 2021
Depr
ACT 2021
ACT 2021
(in thousands of euros)
50% net
Statutory
IFRS 16 adj.
IAS 19 adj
other adj
brands/cust.list
IFRS
-50%
result in RMG
Impairment
Sales
73.685
73.685
-36.843
36.843
Own construction capitalised
Raw materials, consumables and goods for resale
-7.466
-7.466
3.733
-3.733
Gross Margin
66.219
66.219
-33.110
33.110
% on sales
ppts
89,9%
89,9%
89,9%
89,9%
Services and other goods
-24.802
1.346
0
-23.456
11.728
-11.728
Personnel costs
-26.589
-26.589
13.294
-13.294
Other operating results
1.476
-171
1.306
-653
653
Other operating income
1.856
-171
1.686
-843
843
Other operating expenses
-380
-380
190
-190
EBITDA
16.305
1.346
-171
0
17.480
-8.740
8.740
Depreciation, write-down and provisions
-2.163
-1.246
-368
-4.075
-7.852
3.926
-3.926
Depreciation and write-down of intangible and tangible assets
-2.823
-1.246
-3.401
-7.470
3.735
-3.735
Write-down of inventories and debtors
89
89
-44
44
Provisions
571
-368
0
204
-102
102
Impairment losses
-674
-674
337
-337
Operating result - EBIT
14.142
100
-368
-171
-4.075
9.629
-4.814
4.814
Financial income
546
546
-273
273
Financial expenses
-147
-110
0
-257
129
-129
Operating result after net finance costs
14.541
-10
-368
-171
-4.246
9.917
-4.959
4.959
Income taxes
-3.769
1.168
-2.600
1.300
-1.300
Net result of the consolidated companies
10.773
-10
-368
-171
-3.077
7.317
-3.659
3.659
Attachments
Original Link
Original Document
Permalink
Disclaimer
NV Roularta Media Group published this content on 08 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 14:33:20 UTC.
Roularta Media Group N.V. is a Belgium-based company engaged in the publication and printing of news- and niche magazines, newspapers and free sheets, in the audiovisual media and in electronic publishing. For the wider public, Roularta Media Group N.V. produces free sheets, open network television (TV), radio and the Vlan.be internet site. For special target groups, Roularta Media Group N.V. produces newsmagazines, a business news TV station and news sites. The group's media brands including local free media, newspapers, magazines, newsletters, books, news sites and Internet-services, accounted for 98.5% of total revenue in 2022. The audiovisual media, which comprised advertising on television and radio, production and broadcasting as well as all related services on the Internet made up for 1.5% of total revenue.