DISCLAIMER
This document contains forward-looking statements regarding intention, expectations or estimates of the Company or its management at the date of issue thereof, relating to various aspects, including the growth of various lines of business and the business overall, the market share, the results of the Company and other aspects of the activity and status thereof. Analysts and investors should bear in mind that such estimates do not amount to any warranty as to the future behaviour or results of the Company, and they shall bear all risks and uncertainties with regard to relevant aspects, and thus, the real future results and behaviour of the Company might be substantially different from what is stated in the said predictions or estimates.
The statements in this statement should be taken into account by any persons or entities who may have to make decisions or prepare or disseminate opinions on securities issued by the Company and, in particular, by the analysts who handle this document. All are invited to consult the documentation and information published or registered by the Company before the National Securities Market Commission. The financial information contained in this document has been prepared under International Financial Reporting Standards (IFRS). This financial information is unaudited and, therefore, is subject to potential future modifications. This document is only provided for information purposes and does not constitute, nor may it be interpreted as, an offer to sell or exchange or acquire, or solicitation for offers to purchase or accept any kind of compromise.
VOCENTO, S.A. AND SUBSIDIARIES - 9M21
CONSOLIDATED PROFIT AND LOSS ACCOUNT
Thousand Euro | IFRS | |||||
9M21 | 9M20 | Var Abs | Var % | |||
Circulation revenues | 85.299 | 88.030 | (2.731) | (3,1%) | ||
Advertising revenues | 99.936 | 95.759 | 4.177 | 4,4% | ||
Other revenues | 64.267 | 57.705 | 6.561 | 11,4% | ||
Total revenue | 249.501 | 241.495 | 8.007 | 3,3% | ||
Staff costs | (107.714) | (106.620) | (1.094) | (1,0%) | ||
Procurements | (18.782) | (19.466) | 684 | 3,5% | ||
External Services | (99.769) | (102.135) | 2.366 | 2,3% | ||
Provisions | (1.553) | (1.720) | 167 | 9,7% | ||
Operating expenses (without D&A) | (227.818) | (229.941) | 2.123 | 0,9% | ||
EBITDA | 21.683 | 11.554 | 10.130 | 87,7% | ||
Depreciation and amortization | (15.158) | (14.748) | (410) | (2,8%) | ||
Impairment/gains on disposal of tan. & intan. assets | 10.855 | (126) | 10.981 | n.r. | ||
EBIT | 17.380 | (3.321) | 20.701 | n.r. | ||
Impairments/reversal of other intangible assets | (1.500) | (4.507) | 3.007 | 66,7% | ||
Profit of companies acc. equity method | (280) | 425 | (706) | n.r. | ||
Net financial income | (1.708) | (1.997) | 288 | 14,4% | ||
Net gains on disposal of non- current assets | (922) | (218) | (704) | n.r. | ||
Profit before taxes | 12.969 | (9.618) | 22.587 | n.r. | ||
Corporation tax | (4.032) | (1.365) | (2.667) | n.r. | ||
Net profit for the year | 8.937 | (10.983) | 19.920 | n.r. | ||
Minority interests | (5.811) | (3.147) | (2.664) | (84,6%) | ||
Net profit attributable to the parent | 3.127 | (14.130) | 17.256 | n.r. | ||
Staff costs ex non recurring costs | (107.714) | (102.376) | (5.338) | (5,2%) | ||
Operating Expenses ex non recurring costs | (227.818) | (225.697) | (2.121) | (0,9%) | ||
Comparable EBITDA | 21.683 | 15.797 | 5.886 | 37,3% |
Investor Relations | 2 | P&L |
VOCENTO, S.A. AND SUBSIDIARIES - 9M21
CONSOLIDATED BALANCE SHEETS
Thousand Euro | IFRS | ||
9M21 | 2020 | Var abs | |
ASSETS | |||
NON CURRENT ASSETS | |||
Intangible assets | 143.343 | 145.396 | (2.053) |
Goodwill | 92.245 | 94.014 | (1.769) |
Intangible assets | 51.098 | 51.382 | (284) |
Property, plant and equipment | 95.476 | 98.345 | (2.869) |
Use of leases | 17.859 | 19.619 | (1.760) |
Investments accounted for using the equity method | 4.385 | 17.121 | (12.736) |
Financial assets | 3.662 | 3.694 | (32) |
Non-current investment securities | 2.642 | 2.642 | (0) |
Other non current financial assets | 1.020 | 1.052 | (31) |
Other non current receivables | 5.665 | 2.236 | 3.428 |
Deferred tax assets | 53.585 | 55.333 | (1.748) |
326.750 | 342.654 | (15.904) | |
CURRENT ASSETS | |||
Inventories | 14.351 | 19.149 | (4.798) |
Trade and other receivables | 63.727 | 79.073 | (15.346) |
Tax receivables | 2.718 | 3.440 | (722) |
Cash and cash equivalents | 24.473 | 25.065 | (592) |
105.270 | 126.728 | (21.459) | |
Assets held for sale and discontinued operations | 1.410 | 7.083 | (5.673) |
TOTAL ASSETS | 433.429 | 476.465 | (43.036) |
Thousand Euro | IFRS | ||
9M21 | 2020 | Var abs | |
EQUITY AND LIABILITIES | |||
EQUITY | |||
Of the Parent | 194.593 | 191.734 | 2.858 |
Share capital | 24.864 | 24.994 | (130) |
Reserves | 174.936 | 199.035 | (24.099) |
Treasury shares | (8.334) | (10.542) | 2.208 |
Net profit for the year | |||
Of minority interest | 3.127 | (21.753) | 24.879 |
66.854 | 64.523 | 2.331 | |
NON CURRENT LIABILITIES | |||
Deferred income | 17 | 51 | (34) |
Provisions | 1.354 | 1.198 | 156 |
Bank borrowings and other financial liabilities | 44.492 | 53.696 | (9.204) |
Other non-current payables | 17.772 | 15.417 | 2.355 |
Deferred tax liabilities | 11.930 | 10.959 | 971 |
75.565 | 81.320 | (5.755) | |
CURRENT LIABILITIES | |||
Bank borrowings and other financial liabilities | 17.297 | 39.027 | (21.729) |
Trade and other payables | 68.743 | 86.700 | (17.958) |
Tax payables | 10.377 | 13.160 | (2.783) |
96.417 | 138.887 | (42.470) | |
TOTAL EQUITY AND LIABILITIES | 433.429 | 476.465 | (43.036) |
Investor Relations | 3 | Balance Sheet |
VOCENTO, S.A. AND SUBSIDIARIES - 9M21
NET DEBT
Thousand Euro | IFRS | |||
9M21 | 2020 | Var Abs | Var % | |
Bank borrowings and other financial liabilities (s.t.) | 17.297 | 39.027 | (21.729) | (55,7%) |
Bank borrowings and other financial liabilities (l.t.) | 44.492 | 53.696 | (9.204) | (17,1%) |
Gross debt | 61.789 | 92.722 | (30.933) | (33,4%) |
+ Cash and cash equivalents | 24.595 | 25.175 | (580) | (2,3%) |
+ Other non current financial asstes | 801 | 1.599 | (798) | (49,9%) |
Deferred expenses | 544 | 1.332 | (788) | (59,2%) |
Net cash position/ (net debt) | (36.937) | (67.280) | 30.342 | 45,1% |
Investor Relations | 4 | Net Debt |
VOCENTO, S.A. AND SUBSIDIARIES - 9M21
CASH FLOW STATEMENT
Thousand Euro
IFRS
9M21 | 9M20 Var Abs | % Var |
Net profit attibutable to the parent | 3.127 | (14.130) | 17.256 | n.r. |
Adjustments to net profit | 20.335 | 27.296 | (6.961) | (25,5%) |
Cash flows from ordinary operating activities before | 23.462 | 13.167 | 10.295 | 78,2% |
changes in working capital | ||||
Changes in working capital & others | 8.110 | 4.665 | 3.445 | 73,9% |
Other payables | (3.263) | 1.714 | (4.977) | n.r. |
Income tax paid | (1.325) | (2.074) | 749 | 36,1% |
Interests deduction for tax purposes | (804) | (899) | 94 | 10,5% |
Net cash flow from operating activities (I) | 26.179 | 16.573 | 9.607 | 58,0% |
Acquisitions of intangible and property, plan and equipment | (12.435) | (11.692) | (743) | (6,4%) |
Acquisitions of financial assets, subsidiaries and associates | 22.249 | (1.551) | 23.800 | n.r. |
Interests and dividends received | 155 | 312 | (157) | (50,3%) |
Other receivables and payables (investing) | 610 | 997 | (387) | (38,8%) |
Net cash flow from investing activities (II) | 10.579 | (11.934) | 22.513 | n.r. |
Interests and dividends paid | (5.145) | (4.533) | (612) | (13,5%) |
Cash inflows/ (outflows) relating to bank borrowings | (5.853) | 176 | (6.029) | n.r. |
Other receivables and payables (financing) | (26.245) | 1.195 | (27.440) | n.r. |
Equity related instruments without financial cost | 0 | 0 | 0 | n.a. |
Equity related instruments with financial cost | (96) | 0 | (96) | n.a. |
Net cash flows from financing activities (III) | (37.339) | (3.162) | (34.177) | n.r. |
Net increase in cash and cash equivalents (I + II + III) | (580) | 1.477 | (2.057) | n.r. |
Cash and cash equivalents from acquired companies | 0 | 0 | 0 | n.a. |
Cash and cash equivalents of discounted operations | 0 | 0 | 0 | n.a. |
Cash and cash equivalents at beginning of the year | 25.175 | 17.696 | 7.479 | 42,3% |
Cash and cash equivalents at end of year | 24.595 | 19.173 | 5.421 | 28,3% |
Investor Relations | 5 | CashFlow |
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Vocento SA published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 16:56:03 UTC.