Grupo Clarín S.A.
Grupo Clarín Announces its Nine Month and Third Quarter 2020 Results
BUENOS AIRES, ARGENTINA / ACCESSWIRE / December 4, 2020 / Grupo Clarín S.A. ("Grupo Clarín" or the "Company")(LSE:GCLA)(BCBA:GCLA), the largest media company in Argentina, announced today its Nine month and Third quarter 2020 results. Figures in this report have been prepared in accordance with International Financial Reporting Standards (*) ("IFRS") as of September 30, 2020 and are stated in Argentine Pesos ("Ps"), unless otherwise indicated. (*) The Company's Management has applied IAS 29 in the preparation of these financial statements (inflation adjustment) because Resolution 777/18, issued by the Comisión Nacional de Valores ("CNV"), establishes that the restatement will be applied to the financial statements. Highlights (9M20 vs.9M19):
FINANCIAL HIGHLIGHTS
(1) We define Adjusted EBITDA as Total Revenues minus cost of sales (excluding depreciation and amortization) and selling and administrative expenses (excluding depreciation and amortization). We believe that Adjusted EBITDA is a meaningful measure of our performance. It is commonly used to analyze and compare media companies based on operating performance, leverage and liquidity. Nonetheless, Adjusted EBITDA is not a measure of net income or cash flow from operations and should not be considered as an alternative to net income, an indication of our financial performance, an alternative to cash flow from operating activities or a measure of liquidity. Other companies may compute Adjusted EBITDA in a different manner; therefore, Adjusted EBITDA as reported by other companies may not be comparable to Adjusted EBITDA as we report it. (2) We define Adjusted EBITDA Margin as Adjusted EBITDA over Total Revenues. For a full version of this earnings release with financial statements, go to: https://grupoclarin.com/IR/ CONFERENCE CALL AND WEBCAST INFORMATION GRUPO CLARIN S.A. (BCBA: GCLA; LSE: GCLA) cordially invites you to participate in its conference call and webcast presentation to discuss Third Quarter 2020 Results Date: Wednesday, December 6, 2020 Time: 3:00pm Buenos Aires Time/6:00pm London Time/1:00pm New York Time To access the conference call, please dial: U.S. Participants: 1-877-830-2576 All other countries: +1-785-424-1726 The 3Q20 results will be accompanied by a webcast presentation. To access the live stream and slide presentation, visit: https://services.choruscall.com/links/gcla201209r0BN4pk0.html The webcast presentation will be archived at http://www.grupoclarin.com/ir/ ABOUT THE COMPANY Investor Relations Contacts
In Buenos Aires: Grupo Clarín S.A. Agustín Medina Manson Tel: +54 11 4309 7215 Email: investors@grupoclarin.com In London: In New York: SOURCE: Grupo Clarín S.A. via EQS Newswire
12/04/2020 EQS Newswire / EQS Group AG |