10/10/2014

Nova’s Numbers Examined

 

Nova Entertainment (Nova) significantly outperformed the overall commercial metropolitan radio sector in terms of ratings, revenue and profit growth in calendar year 2013 (CY 2013).

Nova reported sales revenues of $143.2 million, earnings before interest tax depreciation and amortisation (EBITDA) of $25.9 million and earnings before interest and tax (EBIT) of $14.7 million during the twelve month period ending 31 December 2013.

As Nova changed it financial balance date from end September to end December during CY 2013, it is not possible to measure the precise growth in the group’s key financial indicators during the most recent twelve month period.

However, a comparison of results in CY 2013 to those in the twelve months ending 30 September 2012 (FY 2012) reveals an above industry average performance by Nova with: an 8.9% increase in sales revenues, a 6.2% increase in EBITDA and a 31.3% increase in EBIT between the two twelve month periods.

Nova also increased its average 10+ audience metro audience1 by an impressive 10.3% during calendar 2013, giving it an average audience that was 3.3% larger than that of the Australian Radio Network (ARN) over the same period.

In calendar 2013, Nova reported total revenues which were almost identical those of ARN. However, Nova’s operating expenses were significantly higher and its profits and margins substantially lower than those generated by ARN during the same period.


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Report date: 10/10/2014
Industry: Radio
Country: Australia
Topic: Finance
Document Number: GMA2014-04

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