News tags: Corporate

• The Board of Directors of PRISA, following a proposal and a favorable report from the Appointments, Remuneration, and Corporate Governance Committee, has approved the appointment of Paloma Bravo as the Group’s new Chief of the Presidency and Communications.

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• PRISA has surpassed its market commitments for the 2024 fiscal year.
• The Group’s businesses saw strong growth: learning systems surpassed three million subscriptions, while EL PAÍS exceeded 400,000 subscribers.
• Operating cash flow generation rose by 6%, while net debt decreased by 10%, bringing the net debt/EBITDA ratio to 3.97x, its lowest level in 20 years.
• The Group maintained a strong liquidity position, reaching €223 million.
• Financial results improved by 17%.

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• With the conversational search engine, the group is expanding the distribution and monetisation channels for its quality content.
• Carlos Núñez: “we contribute to making browsing with AI an informatively safe and reliable space”.

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• The inaugural edition of this conference will be held on October 14 and 15 at the CaixaForum in Barcelona
• Participants will include economist Mariana Mazzucato, columnist Anne Applebaum, author Javier Cercas, and philosopher Daniel Innerarity
• Spain’s Prime Minister, Pedro Sánchez, will inaugurate the forum, which will also feature former Italian Prime Ministers Matteo Renzi and Enrico Letta, former Colombian President Juan Manuel Santos, President of the Hauts-de-France region Xavier Bertrand, former Foreign Ministers of Spain and Israel José Manuel García Margallo and Shlomo Ben Ami, and former U.S. Ambassador to Spain, Julissa Reynoso

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• He joins the senior management team, reporting to the group's Deputy Chairperson and CFO, Pilar Gil.

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• Oversubscription makes a pro-rata allotment necessary.
• 100 million injection will allow PRISA to further reduce debt and continue pursuing business growth.
• The operation, which has once again received strong support from shareholders, opens the door to further refinancing.

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