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    IPR   PTIPR0AM0000

IMPRESA, SGPS, S.A.

(IPR)
  Report
Real-time Quote. Real-time Euronext Lisbonne - 10/15 11:01:03 am
0.26 EUR   +0.39%
10/04IMPRESA SGPS S A : SIC Audiences in September 2021
PU
09/22IMPRESA SGPS S A : informs about the partnership of its subsidiary SIC with THU
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09/09IMPRESA SGPS S A : SIC Audiences in August 2021
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

IMPRESA SGPS S A : informs about First Half 2021 Results

07/28/2021 | 12:45pm EDT

1st Half 2021

Results

IMPRESA - SOCIEDADE GESTORA DE PARTICIPAÇÕES SOCIAIS, S.A.

Publicly Held Company

Share Capital: Eur 84,000,000

Head Office: Rua Ribeiro Sanches, 65, 1200-787 Lisboa

NIPC 502 437 464

Commercial Registry Office of Lisbon

Contents

1. HALF-YEARLY HIGHLIGHTS ..........................................................................................

3

1.1. IMPRESA Brands .......................................................................................................

4

2. ANALYSIS OF THE CONSOLIDATED ACCOUNTS........................................................

5

2.1. Income Statement.......................................................................................................

5

2.2. Sources of Revenue ...................................................................................................

6

2.3. Indebtedness ..............................................................................................................

6

2.4. Segments....................................................................................................................

7

2.4.1. Television (SIC) ....................................................................................................

7

2.4.2. IMPRESA Publishing ............................................................................................

9

2.4.3. IMPRESA Other..................................................................................................

10

3. IMPRESA GROUP SECURITIES ...................................................................................

11

3.1. IMPRESA Shares .....................................................................................................

11

3.2. 4,5% 11Jul2022 SIC Bonds ......................................................................................

11

3.3. 3,95% 11Jun2025 SIC Bonds ...................................................................................

11

4. AWARDS........................................................................................................................

12

5. OUTLOOK......................................................................................................................

14

2

1ST HALF 2021 RESULTS

Net income increased almost 19 times when compared with the first half of 2020 to M€ 3.3

The Group's EBITDA grew 30%

Total net debt fell M€ 14.7

SIC was audience leader with a share of 20.1%

Total circulation and digital subscribers of EXPRESSO increased once again

1. HALF-YEARLY HIGHLIGHTS

IMPRESA's half-yearlyconsolidated net income reached M€ 3.3, representing an increase of M€ 3.2, up 1,776% compared to the first six months of 2020.

The Group's EBITDA exceeded M€ 10.8, registering an increase of 30% relative to the first half of 2020.

The Group's total revenues reached M€ 92, reflecting an increase of 17% relative to the first half of 2020.

The net interest-bearingdebt of IMPRESA fell M€ 14.7 year-on-year to M€ 154.4 at the end of June 2021.

Operating costs increased 16%.

3

1.1. IMPRESA Brands

  • SIC maintained audience leadership in the first half of 2021, in the universe of generalist channels, with an average share of 20.1% in terms of consolidated data, according to data from GfK.
  • SIC's generalist and thematic channels closed the month of June in first place, with a collective market share of 23.7%.
  • SIC represented a 50.3% market share of advertising investment among the generalist channels, in the first six months of 2021.
  • In terms of half-yearly performance, SIC's websites obtained the highest ever monthly average of 2,578,691 Unique Visitors.
  • In the first half of 2021, the OPTO premiered among other contents the original series "Prisão Domiciliária" and the "Clube - 2nd season", after several hits released at the end of 2020 like
    "Esperança" and "A Generala".
  • The eSports ADVNCE platform was released on the national operators MEO and NOS.
  • The EXPRESSO was the best-sellingnewspaper in Portugal, with an average of 109 thousand paper and digital copies per edition, according to data from the APCT, with reference to the period covering January to March 2021.
  • The EXPRESSO was also the leading
    Portuguese publication in paid digital circulation, with average sales of more than 50 thousand copies per edition, with reference to the first three months of the year.
  • In the second quarter of 2021, one edition of EXPRESSO sold 117 thousand copies (according to internal data, not yet audited by APCT).
  • The universe of the EXPRESSO brand's websites registered the second best half-yearlyresult with an average of 2,566,653 Unique Monthly Visitors, only preceded by the result for the first half of 2020.

4

  1. ANALYSIS OF THE CONSOLIDATED ACCOUNTS
  1. Income Statement

(values in Euros)

1º Sem 21

1º Sem 20

var %

Total Revenues

91 999 861

78 358 070

17,4%

Television

80 022 094

67 275 239

18,9%

Publishing

11 193 781

10 237 532

9,3%

Infoportugal & Others

897 391

1 014 100

-11,5%

Intersegments

-113 405

-168 801

32,8%

Operating Costs (1)

81 126 201

70 010 955

15,9%

Total EBITDA

10 873 660

8 347 116

30,3%

EBITDA Margin

11,8%

10,7%

Television

9 997 485

8 996 180

11,1%

Publishing

1 544 599

587 224

163,0%

Infoportugal & Others

-668 423

-1 236 288

45,9%

Total EBITDA (2)

10 884 562

8 348 231

30,4%

EBITDA Margin (2)

11,8%

10,7%

Depreciation

2 546 190

2 730 006

-6,7%

EBIT

8 327 470

5 617 110

48,3%

EBIT Margin

9,1%

7,2%

Financial Results

-3 453 433

-4 519 784

23,6%

Res. Bef Taxes & Minorities

4 874 037

1 097 326

344,2%

Provisions

171 000

186 500

-8,3%

Income Tax (IRC)(-)

1 359 280

732 621

85,5%

Net Profit

3 343 757

178 205

1776,4%

Notes:

EBITDA = Operating Results + Amortisation and Depreciation + Provisions + Impairment in non-current assets.

  1. Does not consider Amortisation and Depreciation, Provisions and Impairment Losses in non-current assets.
  2. EBITDA adjusted for restructuring costs.

The IMPRESA Group recorded M€ 92 in consolidated revenues, which represents an increase of 17.4% year-on-year.

Operating costs, without considering amortisation, depreciation, provisions and impairment losses in non-current assets, increased 15.9% compared to 2020.

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Impresa SGPS SA published this content on 28 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2021 16:43:07 UTC.


© Publicnow 2021
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Financials
Sales 2020 177 M 205 M 205 M
Net income 2020 11,2 M 13,0 M 13,0 M
Net Debt 2020 153 M 177 M 177 M
P/E ratio 2020 2,14x
Yield 2020 -
Capitalization 43,5 M 50,5 M 50,5 M
EV / Sales 2019 1,11x
EV / Sales 2020 1,00x
Nbr of Employees 845
Free-Float 37,6%
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Managers and Directors
Francisco Pedro Presas Pinto de Balsemão Chief Executive Officer & Director
Paulo Miguel dos Reis Chief Financial Officer
Francisco José Pereira Pinto de Balsemão Chairman
Maria Luísa C. F. L. de C. A. Correia Independent Non-Executive Director
João Nuno Lopes de Castro Independent Non-Executive Director
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