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M6 METROPOLE TELEVISION : Consolidated Results at 31 December 2019

Advertising revenue: €1,107.9 m (up 3.8%) ? all-time high

EBITA: €284.4 m (up 6.9%) ? all-time high

Operating margin: 19.5% (up 0.8 pps) ? highest in 19 years

Regulatory News:


At its meeting of 13 February 2020, the Supervisory Board reviewed the financial statements for the 2019 financial year as approved by the Executive Board.

M6 Group’s 2019 consolidated revenue grew 2.4% to €1,456.1 million, driven by a 3.8% increase in multimedia advertising revenue, which notably included the Youth TV division (formerly Lagardère) over the last 4 months of the year.

Profit from recurring operations (EBITA) was up €18.3 million to €284.4 million, a new all-time high. All the Group’s operating segments (TV, Radio, Production and Audiovisual Rights, Diversification) saw their contributions increase. On a like-for-like basis – i.e. excluding the Youth TV division – the Group increased its EBITA (up €1.1 million) despite the unfavourable base effect related to the termination of the M6 mobile by Orange contract on 30 June 2019 (a €10.1 million shortfall).


1 The information provided is intended to highlight the breakdown of consolidated revenue between advertising and non-advertising revenue. Group advertising revenue includes, on the one hand, TV advertising revenue (advertising revenue of free-to-air channels M6, W9, 6ter and Gulli, and the 6play and Gulli Replay platforms, as well as the share of advertising revenue from pay channels), and, on the other hand, the advertising revenue of radio stations RTL, RTL2 and Fun and the share of advertising

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