by Impresa closed last year with profits of 1.1 million euros. although positivevalue translates to a 91.4% decline from 2021 earnings of 12.6 million. The EBITDA (operating result) of the group that controls SIC and Expresso was 16.8 million, a decrease of 45.5% compared to 2021, and EBITDA corrected for restructuring costs was 19.1 million, a decrease of 38% compared to the value calculated in 2021, the group reveals in the report sent this Thursday evening to CMVM.
The total revenue of the group led by Francisco Pedro Balsemão amounted to 185.2 million, a decrease of 2.6%. compared to the previous year. This was second best”The result, in terms of the turnover of the last 5 years, suits the group, which in terms of advertising revenue increased by 0.2%. he says, while not promoting the exact amount.
already it Operating expenses increased by 5.7% to 168.5 million. “as a result, mainly, of the response to the computer attack suffered in January 2022, the increase in production and energy costs, the coverage of the war in Ukraine, the increased competitiveness of SIC’s networks and compensations”, Impresa justifies.
Net interest-bearing debt amounts to 107.2 million, a decrease of 31.4 million. compared to the corresponding period.
“The year 2022 was marked by events with a strong direct negative impact on our results, such as the war in Ukraine and the increase in production and energy costs. In addition, Impresa’s activity was dependent on a violent and criminal computer attack, which hurt us both due to the increase in costs and the digital revenue we did not earn in the first quarter”, states Francisco Pedro Balsemão, CEO of the group. “The attack was a test of the resilience and responsiveness of all the workers in the group, which it passed with great success.for which we owe them a grateful word of recognition,” continues the head of the group that owns SIC and Expresso.
As positive points of the past year, Francisco Pedro Balsemão highlights two aspects. “The fact that we reached the second best turnover number since the sale of magazines in 2017, surpassed only by 2021 revenue, as well as the significant reduction in debt, which resulted from a series of actions focused on strengthening liquidity and mitigating the interest rate danger”, he says in a press release.
Breakdown by regions, SIC had 2022 revenue of 159.9 million, a decrease of 3.1% on a comparable basis. Costs, on the other hand, increased by 4.8% to 142.8 million. EBITDA was 17.1 million, which rises to 18.1 million if adjusted for restructuring costs. Compared to 2021, the decline is 40.4% and 37.1%, respectively. SIC’s net result last year was 7.4 million, 55.2% less than the previous year.
In the press area, Impresa Publishing reaches total revenue of 24.4 million, an increase of 2.5% and “the best result since 2017”, says the team. Costs rose by 9.5% to 22 million, a variation justified “by Jornal Expresso’s increase in the price of paper, by the computer attack and by coverage of the war in Ukraine.”
The year ended with EBITDA of 2.3 million, 37.8% less than 2021. Adjusted EBITDA is 3.2 million, down 13.8%.
In the Others sector, Infoportugal achieved operating income of 1.2 million, a decrease of 23.8% compared to 2021.
“Impresa stock closed 2022 down 37.3% compared to the end of 2021. Trading volume was down 45% compared to the same period last year, reflecting an average of 145.7 thousand shares traded per session, between January and December 2022,” the team says.
“The group started in September the implementation of its new strategic plan, which will last until the end of 2025. one of the main targets is a 15 to 20% increase in our fees, with the tripling of the weight of the revenues from the digital activity, reminds the CEO of the group.
“In 2023, Impresa will focus on the execution of its new strategic cycle, maintaining the objective of increasing revenue and improving the operating margin, supplementing it with new sources of revenueas well as the constant focus on quality, competitiveness and diversification of the multi-platform content offer”, concludes Francisco Pedro Balsemão.
