(CercleFinance.com) – The group’s consolidated turnover amounted to 511.9 million euros in the first quarter of 2024, up 6.7% compared to the first quarter of 2023. It was driven by the increase in advertising turnover (+6.6% compared to 2023).
The turnover of the Media sector stood at 453.1 million euros, an increase of 8.1% compared to 2023. The advertising turnover of the Media sector amounted to 363 at the end of March 2024. .3 million euros, up 6.6%,
Current operating income from activities (ROCA) amounted to 37.3 million euros (down 2.6 million euros). The current operating margin rate for activities stood at 7.3% compared to 8.3% at the end of March 2023.
Operating profit amounts to 34.1 million euros and includes 2.5 million euros of non-current charges linked to the Group’s digital acceleration plan.
Net income, Group share, stood at 29.7 million euros, up 5.7% compared to the first quarter of 2023.
The Group’s 2024 outlook is to continue digital growth based on the launch of TF1+, maintain a current operating margin rate for activities close to that of 2023 and continue to generate solid cash flow allowing it to target a dividend policy growing over the coming years.
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