Press Releases

• 99.9% of shareholders back the Board's stewardship

PRISA’s Annual General Meeting of Shareholders, held this Tuesday at the PRISA Media HQ in Madrid, has given its endorsement to the range of changes undertaken throughout 2021. Shareholders also gave their backing to both the new strategy presented by the Group and the Board's stewardship, with the majority of the AGM (99.9%) supporting the Board's performance and measures.

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PRISA has reached an agreement to acquire the 20% of the capital of the Radio division currently held by Grupo Godó. PRISA Media, a wholly-owned subsidiary of Grupo PRISA that encompasses the press and radio businesses, will pay a total of 45 million euros – 30 million at the signing of the agreement and the remaining 15 million to be paid in 2023. 

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• The Group announces a positive net result of EUR 100,000 compared to losses of 13.8 million registered between January and March 2021 thanks to restructuring undertaken throughout 2021 and the steady operational improvement of its Education and Media divisions.
• PRISA generated Q1 revenues of EUR 210.6 million, 32.8% more than in the same period of the previous year.
• EBITDA, excluding severance payouts, was EUR 43.8 million, 156.3% more than between January and March 2021.
• The Group’s commitment to digital transformation continues to drive growth: there are nearly 2.5 million students using the company’s subscription models in Latin America (500,000 more than in December); 196,228 subscribers to EL PAÍS (of whom 155,939 are exclusively digital); a total of 77.4 million streaming hours per month (+19%); and 46 million podcast downloads (+49%).

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• Following the reorganization of the Group in 2021 and a recent refinancing deal, PRISA is set to focus its efforts on the organic growth of its two businesses: PRISA Media and Santillana.
• The Group has outlined a roadmap based on five pillars: financial and corporate stability, a new business culture, growth driven by innovation and digitization, the leadership of its brands and a firm commitment to sustainability.
• The company foresees revenues in the region of between 950 to 1,050 million euros by 2025, which would mean cumulative annual growth of between 8 and 9%.
• Adjusted EBITDA margin will be between 22% and 25% in 2025, compared to 14% in 2021.
• Cumulative free cash flow will hit 300 million euros in the period 2022-2025.
• The company redoubles its commitment to corporate governance and sustainability and sets 11 objectives linked to ESG criteria.

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PRISA’s board today voted to create a Sustainability Committee on its Board of Directors, with the aim of organizing and actively promoting the Group's sustainability strategy, as well as fostering good corporate governance policies and aligning the management of all of the company's operations with the United Nations Sustainable Development Goals.

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• The outline deal extends maturity dates, gives the company greater flexibility to focus on business development and has, for the first time, the support of creditors who stand firmly behind the Group's growth plan.

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