Media company Roularta Media Group reported revenue was lower in 2017 at €256.8 million compared to €276.5 million in 2016 as a result of lower advertising revenue and lower newstand sales while subscription revenues remained stable.
Operating profit, EBITDA, as a result of lower revenue was €1.9 million, versus €16.9 million in 2016, and net result was a loss of -€13.0 million versus a profit of €20.3 million in 2016.
Cash decreased over the twelve months by -€7.6 million in 2017, compared to €12.1 million cash generation in 2016, and net debt stood at €62.6 million, an increase of €5.1 million since the start of the year.
The company said the result of the strategic choices made in 2017 will be seen in the 2019 figures.
No dividend for 2017 will be paid however Roularta is considering paying a €5.00 interim gross dividend per share at the start of the second half of 2018 as a result of the capital gain of approximately €145 million realised in January 2018 on the sale of the 50% participation in Medialaan.