PR Newswire
BUENOS AIRES, Argentina, Nov. 19, 2012
BUENOS AIRES, Argentina, Nov. 19, 2012 /PRNewswire/ -- Grupo Clarin S.A. ("Grupo Clarin" or the "Company" - LSE: GCLA; BCBA: GCLA), the largest media company in Argentina, announced today its nine months and third quarter results for 2012. Figures in this report have been prepared in accordance with International Financial Reporting Standards ("IFRS") as of September 30th, 2012 and are stated in Argentine Pesos, unless otherwise indicated.
Highlights (9M12 vs. 9M11):
FINANCIAL HIGHLIGHTS | | |||||||
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(In millions of Ps.) | 9M12 | 9M11 | % Ch. | 3Q12 | 2Q12 | 3Q11 | QoQ | YoY |
Net Sales | 8,142.0 | 6,610.2 | 23.2% | 2,930.2 | 2,725.3 | 2,377.4 | 7.5% | 23.2% |
Adjusted EBITDA (1) | 2,039.3 | 1,828.2 | 11.5% | 711.8 | 706.8 | 595.6 | 0.7% | 19.5% |
Adjusted EBITDA Margin (2) | 25.0% | 27.7% | (9.4%) | 24.3% | 25.9% | 25.1% | (6.3%) | (3.0%) |
Net Income | 556.5 | 661.3 | (15.9%) | 156.3 | 195.4 | 172.6 | (20.0%) | (9.4%) |
Attributable to: | | | | | | | | |
Equity Shareholders | 315.4 | 433.9 | (27.3%) | 89.1 | 107.7 | 117.2 | (17.3%) | (24.0%) |
Non-Controlling Interests | 241.0 | 227.4 | 6.0% | 67.2 | 87.7 | 55.4 | (23.4%) | 21.3% |
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(1) We define Adjusted EBITDA as net sales minus cost of sales (excluding depreciation and amortization) and selling and administrative expenses (excluding depreciation and amortization). We believe that Adjusted EBITDA is a meaningful measure of our performance. It is commonly used to analyze and compare media companies on the basis of operating performance, leverage and liquidity. Nonetheless, Adjusted EBITDA is not a measure of net income or cash flow from operations and should not be considered as an alternative to net income, an indication of our financial performance, an alternative to cash flow from operating activities or a measure of liquidity. Other companies may compute Adjusted EBITDA in a different manner; therefore, Adjusted EBITDA as reported by other companies may not be comparable to Adjusted EBITDA as we report it. (2) We define Adjusted EBITDA Margin as Adjusted EBITDA over Net Sales. (3) We define Net Income as Income for the period.
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Investor Relations Contacts | | |
In Buenos Aires: | In London: | In New York: |
| | |
Alfredo Marin Agustin Medina Manson | Alex Money Clare Gallagher | Melanie Carpenter Pete Majeski |
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Grupo Clarin S.A. | Temple Bar Advisory Ltd. | I-advize Corporate Communications |
Tel: +54 11 4309 7215 | Tel: +44 20 7002 1080 | Tel: +1 212 406 3692 |
Email: investors@grupoclarin.com | E-mail: info@templebaradvisory.com | E-mail: clarin@i-advize.com |
For a full version of this release, please visit www.grupoclarin.com/ir.
There will be a conference call to discuss these results:
Monday, November 19, 2012 at 10:00 am Eastern Time (12:00 pm Buenos Aires time).
Presentations by Alejandro Urricelqui, Chief Financial Officer, and Alfredo Marin, Investor Relations Officer, will be in English.
Those interested in connecting via conference call are invited to please dial (0800) 092-3582 toll free from the U.K., 1 (800) 311-9401 toll free from the U.S., (0800) 333-0050 from Argentina, or 1 (334) 323-7224 from elsewhere 5-10 minutes prior to the start time. The Conference ID is 6118.
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