Central European Media Enterprises

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". 
Company Growth (employees)
Type
Public
HQ
Hamilton, BM
Founded
1994
Size (employees)
2,950 (est)
Central European Media Enterprises was founded in 1994 and is headquartered in Hamilton, BM

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
Amsterdam, NL
g 55 Piet Heinkade
Prague, CZ
5A 1078 Kříženeckého nám.

Central European Media Enterprises Data and Metrics

Central European Media Enterprises Financial Metrics

Central European Media Enterprises's revenue was reported to be $135 m in Q1, 2017
USD

Revenue (Q1, 2017)

135 m

Gross profit (Q1, 2017)

37.2 m

Gross profit margin (Q1, 2017), %

28%

Net income (Q1, 2017)

(11.3 m)

EBIT (Q1, 2017)

12.3 m

Market capitalization (25-Jul-2017)

621 m

Closing share price (25-Jul-2017)

4.3

Cash (31-Mar-2017)

91 m
Central European Media Enterprises's current market capitalization is $621 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

691 m680.8 m605.8 m638 m

Revenue growth, %

(1%)(11%)5%

Cost of goods sold

625.7 m489 m402.5 m413.8 m

Gross profit

65.4 m191.8 m203.3 m224.2 m

Gross profit Margin, %

9%28%34%35%

General and administrative expense

150.2 m143.6 m107 m112.6 m

Operating expense total

150.2 m143.6 m107 m112.6 m

EBIT

(180 m)38.3 m94.6 m111.6 m

EBIT margin, %

(26%)6%16%17%

Interest expense

111.9 m142 m171.4 m132.2 m

Interest income

504 k294 k

Net Income

(281.5 m)(231.9 m)(115.6 m)(180.6 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

204.9 m140.1 m126.1 m166.8 m117.3 m129 m175.2 m126.7 m135 m

Cost of goods sold

135.7 m114 m98.8 m101.2 m85.8 m97.8 m105 m91.1 m97.8 m

Gross profit

69.2 m26.2 m27.3 m65.6 m31.5 m31.2 m70.2 m35.6 m37.2 m

Gross profit Margin, %

34%19%22%39%27%24%40%28%28%

General and administrative expense

43.7 m34.5 m43.9 m28.7 m2.4 m23.5 m26.4 m27.2 m24.9 m

Operating expense total

43.7 m34.5 m43.9 m28.7 m2.4 m23.5 m26.4 m27.2 m24.9 m

EBIT

(8.6 m)(17.2 m)36.4 m28.9 m7.8 m43.9 m8.4 m12.3 m

EBIT margin, %

(6%)(14%)22%25%6%25%7%9%

Interest expense

39.1 m37.1 m40.1 m41.7 m44 m49.2 m29.5 m27.6 m23.8 m

Interest income

149 k59 k112 k118 k

Income tax expense

(2.1 m)

Net Income

(52.5 m)(52.5 m)(73.5 m)(9 m)(21.8 m)(40.7 m)(141.2 m)(19.8 m)(11.3 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

105 m34.3 m61.7 m43.5 m

Accounts Receivable

184.6 m175.9 m167.4 m178.3 m

Current Assets

451.1 m374.9 m358.3 m340.4 m

PP&E

198.6 m114.3 m108.5 m109.1 m

Goodwill

782.9 m681.4 m622.2 m602.1 m

Total Assets

2 b1.6 b1.5 b1.4 b

Accounts Payable

161 m

Current Liabilities

316 m450.5 m146.3 m171.6 m

Non-Current Liabilities

997 m667.7 m988.1 m1.1 b

Total Liabilities

1.3 b1.1 b1.1 b1.2 b

Common Stock

10.8 m10.8 m10.9 m11.5 m

Additional Paid-in Capital

1.7 b1.9 b1.9 b1.9 b

Retained Earnings

(1.3 b)(1.5 b)(1.6 b)(1.8 b)

Total Equity

441 m277.2 m78.6 m

Financial Leverage

4.4 x5.8 x18.5 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

87.8 m72.7 m53.3 m38 m61.8 m98.4 m46.4 m64.2 m91 m

Accounts Receivable

190.7 m130.1 m128.7 m162.8 m126.5 m142.8 m167.7 m138.6 m149.1 m

Current Assets

456 m365.6 m336 m348.7 m334 m363.9 m333.4 m332.7 m358 m

PP&E

189.3 m172.4 m99.8 m106.3 m109.2 m111.7 m105.6 m109.4 m109 m

Goodwill

777.1 m714.8 m607.8 m636.3 m639.2 m650.8 m632.7 m639.1 m610.3 m

Total Assets

2 b1.8 b1.4 b1.5 b1.5 b1.5 b1.4 b1.4 b1.4 b

Accounts Payable

264.6 m222.2 m168 m166.6 m136.8 m140 m137.4 m172.1 m163.7 m

Current Liabilities

309.2 m257 m454.1 m451.6 m431.4 m186.3 m163.2 m196.6 m194.4 m

Non-Current Liabilities

871 m869.4 m657.1 m675.4 m706.4 m1 b1.1 b1.1 b1.1 b

Common Stock

10.8 m10.8 m10.8 m10.9 m10.9 m10.9 m11.3 m11.4 m11.5 m

Additional Paid-in Capital

1.9 b1.9 b1.9 b1.9 b1.9 b1.9 b1.9 b1.9 b1.9 b

Retained Earnings

(1.4 b)(1.4 b)(1.6 b)(1.6 b)(1.6 b)(1.6 b)(1.8 b)(1.8 b)(1.8 b)

Total Equity

565.3 m407.6 m95.5 m123 m102.4 m52.1 m(101.7 m)

Financial Leverage

3.5 x4.3 x15 x12.1 x14.4 x28.7 x-14 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

8.3 m

Accounts Receivable

3.4 m(27 m)(8.1 m)(18.1 m)

Cash From Operating Activities

(65.2 m)

Cash From Investing Activities

(30.1 m)(28.5 m)(29.4 m)

Long-term Borrowings

(261 m)(540.7 m)

Cash From Financing Activities

39 m

Interest Paid

108.4 m76.2 m18.5 m54 m

Income Taxes Paid

6.6 m(2.2 m)805 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(52.5 m)(52.5 m)(73.5 m)(9 m)(21.8 m)(40.7 m)(141.2 m)(19.8 m)(11.3 m)

Accounts Receivable

190.7 m130.1 m128.7 m162.8 m126.5 m142.8 m167.7 m138.6 m149.1 m
USDY, 2017

Revenue/Employee

45.8 k

Central European Media Enterprises Operating Metrics

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

Channels

33333333333436363636363636

Locations

888

    Central European Media Enterprises Market Value History

    Central European Media Enterprises Revenue Breakdown

    Traffic Overview of Central European Media Enterprises

    Central European Media Enterprises News and Updates

    Central European Media Enterprises beats quarterly profit expectations

    PRAGUE, July 26 (Reuters) - Central European Media Enterprises' (CME) core profit rose almost 15 percent in the second quarter, lifted by shrinking costs and growing income from television advertising, the broadcaster said on Tuesday.

    Central European Media Enterprises Company Life and Culture

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