TF1: Group net income of €29.7 million in Q1
Media sector sales came to 453.1 million euros, up 8.1% versus 2023. Media sector advertising sales to end March 2024 came to 363.3 million euros, up 6.6%.
Recurring operating income from activities (ROCA) came to 37.3 million euros (down 2.6 million euros). Operating margin before non-recurring items was 7.3%, compared with 8.3% at the end of March 2023.
Operating income totaled 34.1 million euros, including 2.5 million euros in non-recurring expenses linked to the Group's digital acceleration plan.
Net income, Group share stood at 29.7 million euros, up 5.7% on the first quarter of 2023.
The Group's outlook for 2024 is to pursue growth in digital, supported by the launch of TF1+, maintain a recurring operating margin close to that of 2023, and continue to generate solid cash flow, enabling it to aim for a growing dividend policy over the coming years.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction