Agora with good results he wants to move with television – parquet

Source: Fotorzepa

The author: Krzysztof Skłodowski

Mediowa group closed the second quarter better than expected by analysts and intends to develop its business television, starting in the competition for the new terrestrial television stations with two projects.

Agora’s revenues in the second quarter amounted to 292.8 mln zł and were up by 8.1 percent. higher than a year earlier. -Group Most categories recorded an increase in revenues. The increase in the Group’s revenues were proceeds from the co-production and distribution of The Witcher 3: Wild Hunt. Revenues from advertising sales were higher by 3.6 percent. and amounted to 151.5 million zł – gives the company. The operating result reached 3.6 million zł (last year amounted to 0), and net attributable to shareholders of the parent company 3.8 million zł (last year was a loss of 1 million zł). – Operating expenses increased group net by 6.8 percent. to 289.2 million zł. The increase is mainly due to higher depreciation costs and external services related to contributions koproducenckim in The Witcher 3: Wild Hunt – gave Agora.

Analysts polled by PAP expected weaker results: revenues of 280.6 million zł. negative operating result of EUR -0.2 million zł, and net loss of 1.1 million zł.

advertising spending in Poland, by the Agora in the first half amounted to 3.8 billion zł and were higher year year by 3.5 percent. The fastest growing radio revenues – about 11 percent .i Internet – about 9 per cent., Another former television: an increase of 3.5 percent. and cinema (an increase of 3 per cent.). Newspapers, advertising revenue fell 10.5 per cent., And magazines – by 9.5 percent. In the second quarter of the entire advertising market grew by 2.5 per cent Agora. and I was worth 2.1 billion zł. – The Company maintains its estimate of this year’s increase in value of advertising spending in Poland in the range of 2 to 4 percent. However, given the positive signals coming from the Polish economy and higher than expected growth in advertising expenditure in the period January – June 2015. Agora does not mean that its growth rate in 2015. Can shape up the upper limits of the range in growth – given .

The Agora also confirmed that it intends to launch its own TV station, terrestrial and start with her in the competition for the development of the Eighth multiplex was announced by the National Broadcasting Council. – We want to strengthen the position of Agora’s television market, which is why we will take part in the proceedings concession for at least two television channels available on the MUX-8. A further later this year run a business and technology service licensed Business Insider, and we will further increase the scale of our radio operations – says Bartosz Hojka, President of Agora.

At the end of the second quarter Agora was 101.1 million zł funds Cash: zł 25.2 million of cash (cash, bank accounts and bank deposits) and 75.9 million zł invested in short-term securities.