Roularta Media N : Presentatie halfjaarresultaten 2021
August 17, 2021 at 07:44 am EDT
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8/16/2021
Results YTD 06/2021
Brussels, August 17th 2021
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8/16/2021
Key facts 1H21
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1H21 KEY FACTS
Sales of € 142m, i.e. € 21m better than last year
EBITDA of € 22,7m (+ € 17,2 m YoY)
Record EBITDA for half year results
EBITDA includes an exceptional gain of € 5,8m on the purchase of the remaining 50% stake in the ex-joint ventures
Strong revival in advertising income (+28,9% YoY) although still impact from semi-lockdown measures
Subscriptions keep on delivering strong results (+17,9% YoY, +27,7% vs. 1H2019)
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1H21 KEY FACTS
Mediafin keeps delivering strong subscription results (+12% or € +2,0m vs record year 2020). Advertising is € 3,1m (+24%) higher than 1H20
Mediafin has a €4,3m stand-alone EBITDA & €2,6 m net result (for 50%). After amortizations of the brands De Tijd/L'Echo etc, € 1,6m is accounted for in Roularta's ebitda.
A dividend of € 5,3m was paid during 1H2021
Update impairment test Dec20 : a new impairment test was executed on the brands with limited headroom in Dec20 + for the brands with persistent lower revenues mainly linked to Covid-19. As a conclusion, a total impairment was booked of € 7,6m or € 6,4m net after reversal of the deferred tax liabilities for Sterck, Flair & Le Vif.
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1H21 KEY FACTS
Immovlan BV founded on January 6th and on track for sales and ebitda.
The signing of the shareholder agreements for the Bayard JV's Belgomedia, Senior Publication NL and Press Partners took place on 25 Mar 2021.
The companies and their daughters were consolidated as of 1 April 2021 and brought in € 7,9m sales and
1,4m EBITDA for the 2nd quarter
Purchase price allocation exercise ongoing (one year window) with the preliminary creation of two intangibles: brand Plus Magazine NL (€ 19,7m) and brand Télépro (€1,9m)
Expected useful lives : Plus 20Y and Télépro 10Y => expected yearly net result impact of € -0,9m (amortizations - DTL)
Linked to the acquisition of the ex-JV's, the German legal entity structure was simplified & Belgomedia NV merged with RMG NV
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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.
ROULARTA MEDIA GROUP N.V. 
