Mediapro: €668m in turnover (+68%) and an EBITDA of €115m for the first half of 2021

"The Mediapro Group has recovered quickly from the impact the Covid-19 pandemic had on its activity in 2020. In just 6 months of 2021 it has generated practically all the EBITDA forecast for the entire year: €115m compared to €124m forecast for the entire year of 2021. Turnover until the month of June has been €669m, compared to €399m in 2020, an increase of 68%," explained the Spanish audiovisual group on 29/07/2021.

"This evolution bodes excellent results for the year as a whole. For 2021, the Group had forecast a turnover of €1.237bn. The results obtained during the first half indicate that Mediapro could close the year with an increase in its turnover of 25%," added the Spanish group, which posted a turnover of €1.115bn and a negative EBITDA of €215m for the year 2020.

On 10/05/2021, the Spanish newspaper El Confidencial reported that Mediapro was unable to meet its €920m debt (€904m on 31/12/2020 according to figures communicated by Mediapro on 20/04/2021) and was seeking €230m of financing from the Spanish state-owned company SEPI (Sociedad Estatal de Participaciones…