M6: 9m EBITA slumps almost 18%
(CercleFinance.com) - The M6 group has reported a 17.
7% drop in current operating income (EBITA) to E157.1m for the first nine months of 2024, giving a margin of 16.8% on sales of E935.7m, up 1.9% (+3.3% excluding scope effects).
After July, which was buoyed by the Euro 2024 football tournament, business was impacted by Olympic and Paralympic Games broadcasting, with sales down 5.8% to E278.8m in Q3 alone.
As for the final months of the year, given the current economic and political environment, the advertising market remains uncertain, both in television and radio, the media group says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
7% drop in current operating income (EBITA) to E157.1m for the first nine months of 2024, giving a margin of 16.8% on sales of E935.7m, up 1.9% (+3.3% excluding scope effects).
After July, which was buoyed by the Euro 2024 football tournament, business was impacted by Olympic and Paralympic Games broadcasting, with sales down 5.8% to E278.8m in Q3 alone.
As for the final months of the year, given the current economic and political environment, the advertising market remains uncertain, both in television and radio, the media group says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.