Central European Media Enterprises

OverviewSuggest Edit

CME is a media and entertainment company operating leading businesses in primarily six Central and Eastern European markets: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia. We operate 34 television channels broadcasting to approximately 50 million people across our six markets. We also develop and produce content for our television channels. Content is also distributed to third parties, both within our region and globally. CME’s broadcast assets enjoy leading audience shares generated largely from popular local content. Our leading networks also enable us to diversify our revenues from advertising to paid and subscription revenues, positioning the company as the industry trend setter in the region. Our success across the region is attributable to our strategy of producing and broadcasting high quality local programming and independent news, building multichannel networks and sharing knowledge and skills between our highly talented and locally managed teams. CME was founded in 1994 with the launch of TV Nova in the Czech Republic. CME’s television brands are market and audience share leaders in all of its markets with a combined 2014 television advertising spend of approximately US$ 908 million. CME is a Bermuda company, with subsidiaries in the Netherlands and in each operating country. CME is listed in the United States on the NASDAQ Global Select Market and in the Czech Republic on the Prague Stock Exchange under the ticker symbol "CETV". 
TypePublic
Founded1994
HQHamilton, BM
Websitecetv-net.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Dec 2018)2,600(+19%)
Revenue (FY, 2018)$703.9 M(+23%)
Share Price (Oct 2019)$4.9 (+11%)

Key People/Management at Central European Media Enterprises

Kelli Turner

Kelli Turner

Chairwoman of the Audit Committee Member of the Compensation Committee
Paul T. Cappuccio

Paul T. Cappuccio

Director
Douglas Shapiro

Douglas Shapiro

Director
Gerhard Zeiler

Gerhard Zeiler

Director
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Central European Media Enterprises Office Locations

Central European Media Enterprises has offices in Hamilton, Prague and Amsterdam
Hamilton, BM (HQ)
O’Hara House 3 Bermudiana Road
Prague, CZ
5A 1078 Kříženeckého nám.
Amsterdam, NL
g 55 Piet Heinkade
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Central European Media Enterprises Financials and Metrics

Central European Media Enterprises Revenue

Central European Media Enterprises's revenue was reported to be $703.91 m in FY, 2018
USD

Net income (Q2, 2019)

44.1m

EBIT (Q2, 2019)

60.5m

Market capitalization (17-Oct-2019)

1.2b

Closing stock price (17-Oct-2019)

4.9

Cash (30-Jun-2019)

74.6m
Central European Media Enterprises's current market capitalization is $1.2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

691.0m680.8m605.8m638.0m574.2m703.9m

Revenue growth, %

(1%)(11%)5%

Cost of goods sold

625.7m489.0m402.5m413.8m339.5m408.1m

Gross profit

65.4m191.8m203.3m224.2m234.7m295.8m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019Q2, 2019

Revenue

153.1m204.9m140.1m126.1m166.8m117.3m129.0m175.2m126.7m135.0m181.9m119.4m139.2m159.6m

Cost of goods sold

129.3m135.7m114.0m98.8m101.2m85.8m97.8m105.0m91.1m97.8m102.5m77.6m92.2m89.1m94.0m94.4m

Gross profit

23.8m69.2m26.2m27.3m65.6m31.5m31.2m70.2m35.6m37.2m79.4m41.8m47.0m70.4m

Gross profit Margin, %

16%34%19%22%39%27%24%40%28%28%44%35%34%44%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

105.0m34.3m61.7m43.5m54.9m62.0m

Accounts Receivable

184.6m175.9m167.4m178.3m158.9m193.4m

Inventories

Current Assets

451.1m374.9m358.3m340.4m464.8m374.1m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(281.5m)(231.9m)(115.6m)(180.6m)

Depreciation and Amortization

8.3m

Accounts Payable

23.2m6.2m2.6m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(52.5m)(52.5m)(73.5m)(9.0m)(21.8m)(40.7m)(181.9m)(201.8m)(11.3m)

Accounts Payable

(5.9m)(6.0m)(9.9m)

Long-term Borrowings

540.7m(540.7m)
USDY, 2019

Financial Leverage

5.2 x
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Central European Media Enterprises Operating Metrics

Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017

Channels

33 33 33 33 33 34 36 36 36 36 36 36 36

Locations

8 8 8
Show all operating metrics

Central European Media Enterprises Revenue Breakdown

Embed Graph

Central European Media Enterprises revenue breakdown by geographic segment: 11.4% from Bulgaria, 8.7% from Croatia, 29.8% from Czech Republic, 27.1% from Romania, 14.2% from Slovak Republic and 8.9% from Slovenia

Central European Media Enterprises Online and Social Media Presence

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Central European Media Enterprises News and Updates

Central European Media Enterprises lifts guidance after Q3 profit rise

Broadcaster Central European Media Enterprises (CME) raised its operating profit guidance on Thursday for the third time this year, after third-quarter earnings just beat analysts' expectations.

Central European Media Enterprises to review strategic alternatives, including possible sale of company

Central European Media Enterprises Ltd. said Monday its board has decided to review its strategic alternatives, including a possible sale of the company. The media and entertainment company operates in five Central and Eastern European markets with TV channels in Bulgaria, the Czech Republic, Roman…

Central European Media Enterprises Frequently Asked Questions

  • When was Central European Media Enterprises founded?

    Central European Media Enterprises was founded in 1994.

  • Who are Central European Media Enterprises key executives?

    Central European Media Enterprises's key executives are Kelli Turner, Paul T. Cappuccio and Douglas Shapiro.

  • How many employees does Central European Media Enterprises have?

    Central European Media Enterprises has 2,600 employees.

  • What is Central European Media Enterprises revenue?

    Latest Central European Media Enterprises annual revenue is $703.9 m.

  • What is Central European Media Enterprises revenue per employee?

    Latest Central European Media Enterprises revenue per employee is $270.7 k.

  • Who are Central European Media Enterprises competitors?

    Competitors of Central European Media Enterprises include scrnz.com, France 24 and Sinclair Broadcast Group.

  • Where is Central European Media Enterprises headquarters?

    Central European Media Enterprises headquarters is located at O’Hara House 3 Bermudiana Road, Hamilton.

  • Where are Central European Media Enterprises offices?

    Central European Media Enterprises has offices in Hamilton, Prague and Amsterdam.

  • How many offices does Central European Media Enterprises have?

    Central European Media Enterprises has 3 offices.