Impresa - Sociedade Gestora de Participações Sociais, S.A. Announces Consolidated Earnings Results for First Quarter Ended March 31, 2018
May 02, 2018
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Impresa-Sociedade Gestora de Participacoes Sociais SA announced consolidated earnings results for first quarter ended March 31, 2018. For the quarter, the company reported total revenues of €39,209,616 compared to €45,268,482 a year ago. Operating results was €932,761 compared to loss of €1,564,029 a year ago. Loss before income taxes was €547,633 compared to €3,364,219 a year ago. Net loss was €632,789 compared to €2,759,152 a year ago. Total EBITDA was €1,833,264 compared to total LBITDA of €656,771 a year ago. Net debt was €185.6 million compared to €191.6 million a year ago.
Impresa, SGPS, S.A. is Portugal's leading communications group. Net sales break down by activity as follows:
- operation of TV channels (82.2%): 8 channels operated (SIC, SIC Internacional, SIC News, SIC Radical, SIC Mulher, SIC K, SIC Caras et Txillo) at the end of 2021. The group also offers an activity of streaming exclusive content by subscription (OPTO) and operation of a sports content portal (ADVNCE);
- publishing of newspapers and magazines (12.5%): weekly newspapers Expresso, Blitz, Boa Cama Boa Mesa, Tribuna, etc.;
- other (5.3%): primarily publishing and distribution of multimedia and digital content (operating primarily through the portals Olhares and InfoPortugal).
Net sales break down primarily by source of income into sales of advertising space (65.4%), sales of TV subscriptions (16.8%) and sales of newspapers and magazines, individually or by subscription (5.4%).
Portugal accounts for 95.9% of net sales.