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December 01, 2015 4:10 PM ET


Company Overview of TVN Spolka Akcyjna

Company Overview

TVN S.A., together with its subsidiaries, operates as a public media and entertainment company in Poland. The company operates in two segments, Television Broadcasting and Production, and Teleshopping. The Television Broadcasting and Production segment produces, purchases, and broadcasts news, information and entertainment shows, series, and movies. This segment operates or jointly operates 10 television channels comprising TVN, TVN 7, TVN 24, TVN Meteo, TVN Turbo, ITVN, TVN Style, TVN 24 Biznes i Swiat, NTL Radomsko, and TTV. The Teleshopping segment operates Telezakupy Mango 24, a dedicated teleshopping channel, on other television channels and on the Mango Media Internet site. The company...

ul. Wiertnicza 166

Warsaw,  02-952


Founded in 1995

1,444 Employees


48 22 856 6060

Key Executives for TVN Spolka Akcyjna

President of Management Board, Chief Executive Officer and President
Age: 54
Vice-President of Management Board and Chief Financial Officer
Age: 54
Member of Management Board
Age: 47
Member of Management Board
Age: 59
Member of Management Board
Age: 59
Compensation as of Fiscal Year 2015.

TVN Spolka Akcyjna Key Developments

TVN Partners with Samsung

TVN has signed a contract with Samsung to provide users of smart phones, tablets and Samsung Smart TVs with access to TVN productions. The partnership applies to VoD services. Under the deal, users of mobile devices and Smart TV by Samsung will have access to player. pl's own productions, series and programmes known from Group TVN's channel range, as well as foreign productions and VoD material for children. The new service will be launched within the next few weeks.

TVN Teams Up with Eleven Sports Network

TVN has entered into an agreement with Eleven Sports Network for the distribution of the latter's channels on its OTT service Eleven Sports Network will launch its second channel - Eleven Sports - in Poland on August 22.

TVN SA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

TVN SA reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net profit attributable to the owners of PLN 37 million against PLN 115 million a year ago. The result was burdened with a PLN 17.3 million cost tied to the takeover of TVN by Scripps Networks. The results are slightly lower than expectations due to higher costs. Revenue was PLN 445 million against PLN 434 million a year ago. Adjusted EBITDA was PLN 173 million against PLN 175 million a year ago. Reported EBITDA was PLN 164 million against PLN 183 million a year ago. The revenue improved by 2.7%, driven predominantly by TV airtime sales increase of 3.2%, sponsoring revenue up by 1.9%, subscription fees growth of 1.4%, online revenue improving by 7.3%. Adjusted EBITDA slipped by 1.3% year-on-year, on the backdrop of investments in the programming schedule exceeding the impact of revenue growth. Reported EBITDA translating into 10.1% year-on-year decline, reflecting PLN 17 million one-off impact of change of control transaction costs which more than offset improvement in the share of profit of associates. For the six months, the company reported net profit attributable to the owners of PLN 116 million against PLN 126 million a year ago. Net debt as on June 30, 2015 was PLN 1.9 billion. Revenue was PLN 808 million against PLN 784 million a year ago. Adjusted EBITDA was PLN 265 million against PLN 262 million a year ago. Reported EBITDA was PLN 223 million against PLN 278 million a year ago. Reported EBITDA declined by 19.7% under pressure of PLN 65 million of the change of control transaction costs, while the margin decreased year-on-year to 27.6% from 35.5%.

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