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Central European Media Enterprises (CME), which also owns Markiza TV, increased its operating income before amortization (OIBDA) in the first half of the year to 19% to $ 86.3 million .
The company's total business turnover increased 16% to $ 298.7 million during the six-month period, while revenues increased 9% to $ 159.6 million in the second quarter . OIBDA's operating profit during the quarter increased eight percent to $ 55.7 million.
"Our second-quarter financial results were in line with our expectations three months ago, and we expect growth in profitability to accelerate in the second half of 2018 as all our countries are doing well." Significant progress in reducing our debt, which continues to continue, CME has achieved the best financial results of the last decade in the first half, "said one of the two CEOs of CME, Michael Del Nin
| in thousands of dollars) | |||||||||
| 1. Semester 2018 | Y / Y Variation [%] | Change in the real-time rate (%) | ] 19650010] 215 | 9.2 [19659006] Czech Republic | 112 562 | 21.2 | 43 089 | ||
| 49 723 | 15.7 | 4 | 5 009 | ||||||
| CME | |||||||||
CME anticipates the conclusion of closer sales of the Croatian activities of Slovenia's broadband, a subsidiary of United Group BV as of July 31 of this year. To meet the conditions, including the approval of the regulator, he pays to sell activities in Slovenia as well as the United group.
During the first half, CME repaid a debt of 160 million euros using warrant yields and generated cash, which, combined with a better operating result, brought down the debt ratio at 4.4x at the end of June.
Sales of television commercials increased from CME in the first half at the current exchange rate of 16%, at a constant rate of 3%. In terms of distribution commissions, the group chose 15% more, at a constant rate of 4%.
In the Czech Republic, CME announces in the case of Markiza a half-yearly business turnover of $ 49.7 million, up nearly 16% in one year (4% at constant currency). In the second quarter, Marquis lost $ 26.8 million, up almost nine percent (+ 0.4% at constant prices). Slovakia] (19659035) QII / 2018
Despite the growth in sales, the Slovak market of CME is the only one where the operating profit decreased in the first half. This is not explained by the group in the report. Last year, OIBDA earned $ 8.16 million for the first six months of this year, five million, or 39% less this year (at a fixed rate of 43%)
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