Alter Ego Media Group: 2024 was a year of impressive financial growth

The financial results for the year ended on 31.12.2024 of Alter Ego Media, the country's major media group, demonstrate strong growth across all financial indicators.

The year 2024 marked as a major milestonefor the Alter Ego Media Group,recording impressive growth, both at operations and financials,across all active segments (seebelow). The Group’s performance was also the springboard for theCompany's listing on the Regulated Market of the Athens StockExchange, concluded successfully in early 2025.

Consolidated turnover for 2024 rose to€124.4 million from €108.4 million in 2023, an increase of 14.8%.The increase was driven by both a 15.5% rise in publishing turnover,to €38.4 million from €33.3 million in 2023, and an increase of14.4% in turnover in the broadcasting and content creation segment,to €85.9 million from €75.1 million in 2023.

The Group's earnings before interest,taxes, depreciation and amortisation (EBITDA) rose by 37.4%, to €46.7million compared to €34.0 million in 2023.

The Group's earnings before interest andtaxes (EBIT) increased by 108.9%, to €17.1 million from €8.2million in 2023.

The Group's net profits markeda significant increase by180.0%, to €10.9 million from €3.9 million in 2023.

At balance sheet level, the Group's capitalstructure and liquidity were further strengthened in 2024. As of31/12/2024, consolidated equity amounted to €71.3 million, whilenet cash reserves (minus borrowing, excluding lease liabilities)stood at €5.4 million.

The Board of Directors will propose thedistribution of a dividend amounting to €5,699,600 beforewithholding tax (in accordance with tax legislation), equating to€0.10 per share, for approval at the next AnnualGeneral Meeting.

Finally, theBoard, evaluating the recentlisting of the Company on the Athens Stock Exchange, the significantinterest demonstrated with the oversubscription of the publicoffering that preceded, which at the company’s views was perceivedas a vote of confidence from investors in the Company's prospects,will propose to the Annual GeneralMeeting the introduction of anoptional dividend reinvestment plan, which will provide shareholderswith the right to optionally reinvest their dividends in shares ofthe Company for a period of three years, up to an amount of €30,0million. Based on the proposed plan for 2025, the maximum amount thatshareholders of Alter Ego Media will be entitled to reinvest inshares amounts to €5,699,600.

The CEO of Alter Ego Media, Mr. GiannisVrentzos, noted:

"2024 was a landmark year for AlterEgo Media Group. We initiated the strategic goal of transformationinto a Media Tech Group specializing in the creation, distributionand management of content using cutting-edge technological solutions,and we launched the listing of our shares on the Athens StockExchange, which came to a successful conclusion in early 2025. TheGroup maintained a noteworthy rate of growth across all operatingsegments as well as achieving historically high financial results,consolidating further our strong position in the Greek Media &Entertainment market. During 2025, we will focus on implementing ourinvestment plan, securing further growth for the Group in the Mediasector, expanding into new activities, and creating long-term valuefor Company’s shareholders. Our ambition is to achieve all theaforementioned while adhering to our core principles of reliability,quality, innovation, business excellence, and sustainability. We areoptimistic that 2025 will be another year of growth for Alter EgoMedia."

#AlterEgoMedia#MegaTV #inGr #ToVima #TaNea #OT #More

AboutAlter Ego Media 

AlterEgo Media isamajor media Group in Greece. A large-scale group with over 1,000staff members, it is also one of the largest content producer in thecountry.

TheGroup's portfolio includes MEGA Channel, Greece’s most-viewed TVstation, and the iconic and historic news media TO VIMA, TA NEA andOIKOΝΟMIKOSTAKHYDROMOS. The IN.GR portal, significantlycontributed to the spreadof Internet use in Greece, is another cornerstone of AlterEgo Media.The Group’s portfolio also includes the radio station MY RADIO, theproduction company ALTER EGO STUDIOS, and the content creationcompany MORE MEDIA.

Committedto responsible journalism and pluralism and withpassionfor highqualityentertainment, AlterEgo Mediais investing in new technologies and is evolving into a competitiveMedia Tech Group.

Διαβάστε περισσότερα στο iefimerida.gr