Full Year 2019 Metropole Television SA Earnings Call Transcript

Feb 14, 2020 / 07:30AM GMT
Nicolás Bellet de Tavernost Abel - ©tropole Té©vision S.A.-Chairman of the Executive Board&CEO

Good morning to all. We're going to start, as usual, with a little movie. And then I'll present the group's results for 2019 and the prospects for 2020.

(presentation)

Nicolás Bellet de Tavernost Abel - ©tropole Té©vision S.A.-Chairman of the Executive Board&CEO

So good morning again to all. Regarding the 2019 results you have seen, I'd like to recall that we've had an advertising revenue of EUR 1.108 million; an EBITDA of EUR 284 million, a record figure; and operating margin that has grown, which is now 19.5%, plus 0.8% (sic) [0.8 percentage points]. Be those figures, it is the strategy we've initiated 2 years ago that is bearing fruit. This strategy has consisted in, first, reallocating assets to our traditional businesses with the exit

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