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Corelio

Beneficial interest 26.1%
AvH Contact: Jan Suykens
www.corelio.be

Through its interest in Mediahuis, media group Corelio is the number one player on the Flemish print and digital newspaper market, and with NRC Handelsblad it also owns a publication that ranks as the prime reference in journalism in the Netherlands. The group is also active in the audiovisual media and the free local press, and has two separate printing divisions.

Information from the 2016 annual report

Mediahuis kept up its multichannel investment in its news brands and online platforms. Consequently, the year ended with an increase in REBITDA (from 41.8 million euros to 43.6 million euros). With 516,803 copies sold, the Mediahuis news brands - Het Nieuwsblad/De Gentenaar, Gazet van Antwerpen, De Standaard, Het Belang van Limburg - consolidated their strong position. Advertising revenue increased slightly, while the share of online in advertising revenue continued to increase.

Thanks to a solid performance on the readership market, NRC realized a REBITDA of 19.4 million euros (2015: 18.4 million euros).

At De Vijver Media, SBS and its channels Vier, Vijf and Zes continued to invest in wider coverage, resulting in an increase in advertising revenue. New external production rights gave Woestijnvis a solid improvement in its operating result in 2016. The feature film ‘De Premier’, which premiered in the autumn, met with great success.

The Nostalgie radio stations kept up their momentum of previous years. The Leuven-based television channel ROB continued to grow, while the free magazine Rondom reaped the benefits of an upturn in the local advertising market.

Printing Partners realized a strong annual result and reached a social agreement on the merger of the two production sites in Paal-Beringen by the end of 2021. Corelio Printing also held its ground very well.

The innovation and reorganization plans of previous years reached their full effect in 2016, resulting in a significant improvement in both the REBITDA and the consolidated net profit. The significant decrease in the net financial debt is attributable to the excellent operating results of all the divisions.

Mediahuis will expand further in 2017. After approval of the competition authorities, De Limburger, Metro (50%), De Vijver Media (30%), Nostalgie SA (50%), Vlaanderen Eén (75%), ATV, TV Limburg, TV Oost, and ROB TV will be contributed into Mediahuis.

16-3618-Corelio _Tabel _UK

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