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Last $5.20 USD
Change Today 0.00 / 0.00%
Volume 0.0
MDIEF On Other Exchanges
Symbol
Exchange
Xetra
BrsaItaliana
As of 4:30 PM 04/14/15 All times are local (Market data is delayed by at least 15 minutes).

mediaset spa (MDIEF) Key Developments

Mediaset Group Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Mediaset Group reported consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's net revenues were EUR 892.3 million compared to EUR 904 million a year ago. Gross operating profit (EBITDA) was EUR 360.4 million compared to EUR 345.5 million a year ago. Operating profit (EBIT) was EUR 91.6 million compared to EUR 79.9 million a year ago. Profit before taxation was EUR 92.3 million compared to EUR 5.8 million a year ago. Net profit from operations was EUR 62.4 million compared to EUR 3.0 million a year ago. Profit for the Mediaset Group was EUR 23.6 million compared to loss of EUR 8.1 million a year ago. For the six months, the company's net revenues were EUR 1,721.1 million compared to EUR 1,724.8 million a year ago. Gross operating profit (EBITDA) was EUR 667.1 million compared to EUR 668.3 million a year ago. Operating profit (EBIT) was EUR 137.5 million compared to EUR 109.5 million a year ago. Profit before taxation was EUR 129.9 million compared to EUR 8.4 million a year ago. Net profit from operations was EUR 88.8 million compared to EUR 1.1 million a year ago. Profit for the Mediaset Group was EUR 24.3 million compared to loss of EUR 20.5 million a year ago. The group's net debt was further reduced, from EUR 861.3 million at 31 December 2014 to EUR 628.2 million on 30 June 2015. The improvement was the result of the effect of positive cash generation (free cash flow) equal to EUR 283.1 million, which should be added to the sum EUR 100 million deriving from the sale of an 11.1% stake in Mediaset Premium to Telefonica, which was completed in January.

Mediaset Enters into Agreement with Tiscali for Distribution of Online TV Content

Mediaset has reached an agreement with Tiscali for the distribution of online TV content. It covers a selection of the best entertainment programmes, dramas and news from Videomediaset.it. Indexed by the search engine istella, it will be made available on the portals Tiscali.it and Istella.it. Meanwhile, ad sales will be undertaken by Publitalia Group's Mediamond, while Tiscali's Veesible will have overall responsibility for Tiscali.it and Istella.it.

Mediaset Reportedly Not In Talks To Sell Premium To Sky

Sky Italia S.r.l. a unit of Sky plc (LSE:SKY) had offered to acquired Mediaset SpA (BIT:MS) pay-TV unit R.T.I. - Reti Televisive Italiane S.p.A. also known as Mediaset Premium had been rebuffed according to reports quoting two sources close to the matter. Mediaset Chief Executive Officer Pier Silvio Berlusconi said "There aren’t any discussions with Murdoch’s local unit Sky Italia regarding a sale of Mediaset’s pay-TV unit Premium."

Mediaset Announces Consolidated Earnings Results for the First Quarter of 2015

Mediaset announced consolidated earnings results for the first quarter of 2015. Consolidated net revenues amounted to €828.8 million, compared with the €820.8 million in the first quarter of 2014. In particular, revenues in Italy came to €608.5 million, compared with €620.9 million in the same period of last year. While in Spain, revenues totalled €220.7 million, compared with €200.4 million in the first quarter of 2014. In both cases the determining factor was the trend on advertising sales. In Spain, where the economic recovery continues, gross TV advertising revenues rose to €216.5 million, compared with €194.6 million in the same period of last year. In Italy, meanwhile, where also 2015 began with a further fall in advertising investments, Mediaset's gross TV advertising revenues amounted to €484.6 million, a fall of 1.6% on the first three months of 2014 of €492.4 million. However, the trend in advertising sales progressively improved over the course of the first three months, with a slight increase in March compared with the same month in 2014. The Group's EBIT amounted to €45.9 million, compared with €29.6 million in the same period of the previous year. In Italy, EBIT amounted to €3.8 million, compared with €7.0 million in the first quarter of 2014. And in Spain, EBIT came to €42.1 million, compared with €22.6 million in the same period of last year. Consolidated net profit came to €0.7 million, up from the loss of €12.5 million in the same period of 2014. There was a reduction in the Group's net debt from €861.3 million at 31 December 2014 to €623.6 million at 31 March 2015. This further improvement was the result of free cash flow in the period of €161.1 million which should be added to the €100 million deriving from the sale of an 11.1% stake in Mediaset Premium to Telefonica, finalised in January. EBITDA was €306.7 million against €322.8 million a year ago. Profit before taxation was €37.6 million against €2.5 million a year ago. Net profit from operations was €26.4 million against loss of €1.9 million a year ago.

Mediaset Signs Multi-Year Agreements with Warner Bros and NBC Universal

Mediaset has signed multi-year agreements with Warner Bros and NBC Universal to broadcast the latest productions of the Hollywood studios on an exclusive basis in Italy. Under the terms of the agreements, Mediaset will be able to offer exclusive broadcasts and VoD streams via its pay-TV channel Mediaset Premium as well as its free to air TV networks. The deal with Warner Bros runs until 2020 and the agreement reached with NBC Universal expires in 2018. Included in the deals are films such as American Sniper, Interstellar and Fast and Furious 7, as well as hit series such as The Big Bang Theory, Orange is the new Black and The Following.

 

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MDIEF Competitors

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Company Last Change
Metropole Television SA €17.02 EUR -0.01
ProSiebenSat.1 Media SE €43.21 EUR +1.03
Sky PLC 1,020 GBp 0.00
Telefonica SA €11.94 EUR -0.29
Societe Television Francaise 1 €13.96 EUR +0.04
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MDIEF

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Valuation MDIEF Industry Range
Price/Earnings 71.0x
Price/Sales 1.4x
Price/Book 2.1x
Price/Cash Flow 4.5x
TEV/Sales 0.8x
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