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M6: 2022 net income falls 42.5%

( - M6 has reported consolidated revenues of 1,357 million euros for FY 2022, down 2.
4% from 2021.

The decline in advertising revenues (-4.7%), against the backdrop of a worsening economic environment, was partly offset by the increase in non-advertising revenues (+8.0%), the group said.

At the same time, EBITA (excluding government subsidies) came to 334.4 million euros, up 2.4% y-o-y. However, EBIT fell 20.1% to 312 million euros.

At the bottom line, net income, group share came in at 161.5 million euros, down 42.5% y-o-y.

The Supervisory Board also announced that it had appointed a new Board of Directors, as the term of office of the current Board of Directors expired yesterday.

The new Board, appointed for a period of three years, will be chaired by Nicolas de Tavernost, in whom it has renewed its confidence.

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