Earnings Release • Nov 19, 2012
Earnings Release
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19 November 2012
In the third quarter of 2012 Roularta Media Group posted consolidated sales of EUR 138.1 million, down 5.3% on the EUR 145.9 million recorded in Q3 2011. Even after adjusting for changes in the group1 , sales were down 5.3% compared with Q3 2011. In the Audiovisual Media division the fall was 7.7%, in the Printed Media division 4.6%.
Adjusted sales for the 9 months to 30 September 2012 amount to EUR 508.4 million compared with EUR 519.9 million for the first nine months of 2011. This is a fall of 2.2%.
| Division | Q3 2011 | Q3 2012 | Trend | YTD 30/09/11 |
YTD 30/09/12 |
Trend |
|---|---|---|---|---|---|---|
| Printed Media | 110.608 | 105.545 | - 4,6% | 396.317 | 386.845 | - 2,4% |
| Audiovisual Media | 36.447 | 33.655 | - 7,7% | 127.144 | 125.183 | - 1,5% |
| Intersegment sales | -1.183 | -1.076 | -3.532 | -3.651 | ||
| Adjusted sales1 | 145.872 | 138.124 | - 5,3% | 519.929 | 508.377 | - 2,2% |
| Changes in the group | 56 | -9 | 159 | 1.222 | ||
| Consolidated sales | 145.928 | 138.115 | - 5,3% | 520.088 | 509.599 | - 2,0% |
The sales downturn already observed in the second quarter of 2012 in the Printed Media division persisted into the third quarter, with sales down from EUR 110.6 million in Q3 2011 to EUR 105.5 million in Q3 2012 (-4.6%).
1 Changes in the group are eliminated to arrive at an adjusted sales figure, i.e. a sales figure that is comparable with 2011. The changes in the group relate to the new participations in Web Producties NV since 05/2011 and in New Bizz Partners NV since 11/2011, the start-up of Roularta Business Leads NV in 04/2011 and the liquidation of Tvoj Magazin since 01/2012.
Advertising revenue from the magazines fell by an average 7.2% in the third quarter. At the Krant van West-Vlaanderen they remained almost stable, while total freepress turnover fell by 3.9%, with the exception of lifestyle magazine Steps, which grew by 15%.
For the first time ever, sales revenues of the various internet sites showed a slight decrease (-2.7%) compared to Q3 2011.
Income from the readers' market (subscriptions and newsstand sales) fell by 3.6% compared to Q3 2011.
Typesetting and printing sales remained more or less unchanged compared with Q3 2001.
In this calmer period for the organisation of trade fairs and seminars, sales dropped back by 13%.
Compared with Q3 2001, sales by the Audiovisual Media division fell from EUR 36.4 to 33.7 million (- 7.7%).
TV and radio advertising revenue fell by 10% during the third quarter.
Sales from other revenue-producing areas, including line extensions, SMS, video-ondemand, rights, etc., remained unchanged from 2011.
The unfavourable economic situation continues to create uncertainty in the advertising market. This situation, which started in the second quarter of 2012, continues and will impact the figures for the year as a whole.
Measures are being taken in every department to improve margins, especially by creating further synergies within the group and by adjustments that will be effective in 2013.
| Contact persons | Rik De Nolf (CEO) | Jan Staelens (CFO) |
|---|---|---|
| Tel: | + 32 51 266 323 | + 32 51 266 326 |
| Fax : | + 32 51 266 593 | + 32 51 266 627 |
| e-mail: | [email protected] | [email protected] |
| URL : | www.roularta.be |
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