TF1: net income up 31% in Q3

(CercleFinance.com) - The TF1 group reports consolidated sales of E487m for the Q3, down 4.
3% y-o-y.

Profit from recurring operations came to E68.6m (vs. E50.6m a year earlier), giving net income, group share of E49.4m, up 31%.

Over the first nine months of the year, the TF1 group's consolidated sales totaled E1,590.9m at end-September 2024, up 2.8% y-o-y, driven by growth in advertising sales (+4.5% vs. 2023).

9m Net income, group share came to E145.4m, up E6.3m y-o-y, benefiting in particular from the return on surplus cash.

The group confirms its outlook for 2024, namely to pursue growth in digital by building on the promising launch of TF1+, maintain a recurring operating margin rate for activities close to that of 2023, and continue to generate solid cash flow enabling it to target a growing dividend policy over the coming years.


Copyright (c) 2024 CercleFinance.com. All rights reserved.