May 21, 2024

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PRISA raises its EBITDA by 75% and reaches 121 million by the end of the third quarter of 2023

PRISA raises its EBITDA by 75% and reaches 121 million by the end of the third quarter of 2023

PRISA Group ended the first nine months of the year with Strong business growthRevenues and margins are in line with Planned goals for 2023 And with the strategic plan 2022-2025.

At the end of September, PRISA was registered Revenue 678 million, up 16% Compared to those obtained in the first nine months of last year. EBITDA reaches 121 million, up 75% When compared to the same period in 2022, the EBITDA margin continues its positive trend and reaches 17.9%, Six percentage points higher than at the end of September 2022.

Strong commitment b Santillana’s digital work It leads to a growth in subscriptions by 7% compared to the same period of the previous year, to exceed 2.8 million.

For its part, a number of The number of digital subscribers exclusively to EL PAÍS increased by a significant 43% Compared to the same period last year. The total number of subscribers (print + digital) exceeds 328 thousand by the end of September

Focus on Debt reduction continues and amounts to 870 millionthat is, 55 million less than at the end of last year, thanks to the impact of the bond issue, the second conversion window of which opens in November. Net debt to EBITDA ratio is 4.3 timesA decrease of 1.9 times compared to December 2022. For its part, Financial flow An improvement of 119 million compared to September 2022, and at the end of the first nine months of 2023, liquidity stands at 162 million.

The net result of the group is -37 millionAffected by increased financial expenses resulting from the sharp rise in interest rates.

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The education business continues to perform very positively in the third quarter of 2023 Double-digit growth in all areas of business. Business in both the public and private sectors is increasing, and Revenues rise to 376 millionAn increase of 21% compared to the first nine months of 2022.

Santillana’s EBITDA reached 102 million in the first nine months of the year, representing An increase of 84% compared to the same period Since last year.

Santillana’s leadership in digital transformation continues to drive the business strongly. Education systems grow and their subscriptions rise by 7% Compared to the previous year, which indicates the strength of the offer and the loyalty of its customers. It highlights overall sales growth of 40%.

Medium rush

With regard to PRISA Media, No The number of EL PAÍS subscribers is also steadily increasing to exceed 328,000 (paper + digital). The Group’s advertising revenue performance was positive in the first half of the year. 5% increase due to compression of both print publications (paper + digital) As well as radio in Spain and Latin America. PRISA Media’s EBITDA presents a positive result of 21 million, which is 15% higher than in the same period last year.

Income from this business field as well Growing to 301 million, 8% more. The EBITDA margin is 7%. PRISA Media continues to keep the good going performance Operation during these nine months, with significant growth during 2022 in digital development trends: digital subscribers (+43%), digital audio (+10% in downloads and +11% in listening hours) and digital video (+22%). Radio (Cadena SER and LOS40 in Spain; Caracol and W in Colombia; ADN in Chile and Radiopolis in Mexico, among others) continued to lead the audience in all the markets where we are present with 23 million daily listeners.

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The group continues to advance the international sustainability agenda, leading high-level meetings such as International Summit on Sustainability and Environmental Innovationheld in Colombia, and the sixth forum Latin America, the United States and Spain in the global economy Which was held in September in New York. Coinciding with the United Nations Sustainable Development Goals Summit, this forum addressed, among other topics, Food security and hunger eradication goals And fighting poverty.

In the field of education, Santayana has been recognized as The second most valuable Spanish company in Latin AmericaAccording to the Spanish Image Scale (BIE) of the Royal Elcano Institute Think tank International and strategic studies.

Our commitment to Climate action continues to advance, both in reducing our emissions and supporting themDisseminating and recognizing best environmental practices. We have launched The third station for self-generation of photovoltaic energy At Miguel Yuste’s offices in Madrid, which means saving 28.89 tons of CO2, in addition to the 70.75 tons of CO2 in the two plants already installed. In addition, for the third year in a row, Queen Letizia chaired the Retina ECO Awards 2023, which honors the best business projects in innovation and technology applied to green generation, efficient consumption and smart mobility, among other categories.