Groupe M6 Reports Revenue, EBITA and Net Profit Up

February 17, 2020

02/14/2020, France, Groupe M6

On 13 February 2020, Groupe M6 published its full-year results for the year ending 31 December 2019, with revenue, EBITA and net profit up.

Groupe M6’s 2019 consolidated revenue grew 2.4 per cent to €1,456.1 million, driven by a 3.8 per cent increase in multimedia advertising revenue, which notably included the Youth TV division (formerly Lagardère) over the last four months of the year.

Profit from recurring operations (EBITA) was up €18.3 million to €284.4 million, a new all-time high. All the group’s operating segments (TV, Radio, Production and Audiovisual Rights, Diversification) saw their contributions increase.

On a like-for-like basis – i.e. excluding the Youth TV division – the group increased its EBITA (up €1.1 million) despite the unfavourable base effect related to the termination of the M6 mobile by Orange contract on 30 June 2019 (a €10.1 million shortfall). Net profit from continuing operations was stable (€174.0 million).

The group’s operating margin was 19.5 per cent (up 0.8 pps on 2018), achieving its highest level in 19 years. These results reflect the success of the strategic choices made by Groupe M6 to renew its assets, which began with the purchase of the Radio division in 2017 and the sales of monAlbumPhoto and FCGB in 2018, and was followed by the acquisition of the Youth TV division in 2019.

Entities from the Youth TV division have been consolidated since 1 September 2019. Their operational integration is gathering momentum, as the relocation of all teams to Neuilly is already complete. Within a changing audiovisual landscape, television continues to reign supreme. As the most powerful medium, it attracted an average daily audience of 41.3 million viewers compared with just 4.5 million for SVoD platforms (source – Médiamétrie).

Groupe M6’s family of free-to-air channels grew in strength with the addition of Gulli. It posted a 14.5 per cent audience share amongst the total audience and more than 22.8 per cent on the commercial target of women under 50  responsible for purchases, representing record levels for the Group (source – Médiamétrie).

Moreover, the next Annual General Meeting will be asked to make the following appointments to the Supervisory Board:
– to reappoint Elmar Heggen, Chairman of the Board and COO of RTL Group;
– to reappoint Philippe Delusinne, CEO of RTL Belgium;
– to reappoint Mouna Sepehri, independent member, lawyer;
– to approve the appointment of Siskia Ghesquiere, General Counsel and Head of M&A of RTL Group;
– to approve the appointment of Björn Bauer, CFO of RTL Group.

Download the Groupe M6 press release for more information.

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