Piersilvio Belusconi, CEO of Mediaset
Mediaset, in the first 9 months net profit of 273 million, advertising sales of 534 million
Mediaset closes the first nine of the year with a Net income in marked growth a 273.8 million euros compared to 10.5 million in 2020 and an increase (even three times) compared to 92.1 million in the nine months of 2019, "while subtracting the results of the sale of Towertel (86.7 million euros) from the 2021 figure and the proceeds from the settlement of the dispute with Dailymotion (€ 26.3 million) ".
Ebit is 275 million (compared to 87.6 million in the same period of 2020, a figure higher than the 188.6 million in 2019) while the free cash flow amounted to € 423.6 million of Euro. In the nine months consolidated net revenues amounted to € 1,992.7 million compared to € 1,722.8 million in the first nine months of the previous year.
"Even in a context that still perceives the Covid emergency - explains Mediaset - the Group closed the first nine months of 2021 in Italy and Spain with a strong increase in results both compared to the same period of 2020 and to the pre-pandemic 2019: in particular, profits up three times compared to the 2019 figure and costs down both in Italy and Spain, again in relation to 2019 ".
It should be noted that the third quarter, "historically the least brilliant of the year for television companies", also recorded record data: net profit of 47.1 million euros (29.4 million in 2020), Ebit equal to 76.3 million euros (55.9 million in the previous year) e cash generation of 149 million euro (23.9 million last year).
In addition, in the third quarter there advertising revenue consolidated gross reached i 534.8 million euros confirming a positive trend underway for five consecutive quarters. In particular, the progressive growth figure of advertising revenues in Italy is also higher than the 2019 levels.
In the wake of the quarterly results, and the strong increase in the first nine months of the year, the Mediaset group also shines in Piazza Affari: the stock continues to rise by 6.30% to 2.634.
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