TMG Annual Report 2015
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Annual Report 2015 281,000 94.2 million 1 page views via print and digital every month2 (incl. IJmuider Courant) 0.8 million subscribers4 7 million via print and digital1 925,000 0.9 million 18.5 milion 1 3 video views via print and digital users every month every month6 3.6 million 1 2.1 million 3.4 million via print and digital users every month3 listeners every week5 0.6 million 2.4 million 266,000 3 via print and digital1 via print and digital1 users every month 1.4 million listeners every week5 1.2 million via print and digital1 108 million video views every month2 6.5 million users every month3 1.7 million 49 million subscribers4 page views 2 246,000 every month via print and digital1 0.7 million listeners every week5 2.4 million 6.2 million 3 via print and digital1 users every month Sources: 1 NOM Mediamerken 2015-I (2014-II until 2015-II), 13+ 5 NLO/GfK, Mon-Sun 6am-12am / 2015 annual average / 10 years and older 2 Google Analytics, period: December 2015 6 Streamone, period: December 2015 3 Google Analytics, period: December 2015, relates to unique browsers 7 Google Analytics, period: December 2015, relates to daily paper websites and 4 Internal reporting by TMG Digital news apps 5 NLO/GfK, Mon-Sun 6am-12am / 2015 annual average / 10 years and older Who we are Telegraaf Media Groep N.V. (TMG) is one of the largest media It is our mission to provide consumers with personalised, companies in the Netherlands, with strong brands such as De relevant content in the fields of news, sports and Telegraaf, DFT, Telesport, Metro, Autovisie, Privé, VROUW, entertainment, 24 hours a day, 7 days a week. We do this via regional dailies such as De Gooi- en Eemlander, Haarlems the internet, mobile applications, videos, sound, print and Dagblad, Leidsch Dagblad and Noordhollands Dagblad, and across media. Consumers' wishes and needs are at the heart the national radio stations Sky Radio, Radio Veronica and of the choices we make. Classic FM. With strong brands and strong positions in our content In addition, we have dozens of other brands and titles that domains, we are an attractive partner for advertisers, focus on the provision of news, entertainment, video marketers, content creators and distribution partners. productions, e-commerce and supply and demand in the Together with them, we create added value in the entire chain, private market, with well-known names such as Upcoming, with the aim of achieving a sustainable result for everyone Dumpert, Relatieplanet, Gaspedaal and Groupdeal. Through involved. Keesing Media Group, we publish puzzle magazines and digital puzzles in the Netherlands, Belgium, Germany, France, In 2015, TMG's revenue amounted to € 482 million. The Denmark, Sweden, Spain, the United Kingdom, Italy and Group, which has its head offices in Amsterdam, has 2,049 Norway. employees (fte). In 2015, TMG launched its new 24/7 strategy. Consumers are at the heart of everything we do. What content do they want to watch or listen to, via which channel and at what time? Fast online, live via radio, and background stories, context and interpretation in print − 24 hours a day, 7 days a week. That's why we have also put consumers at the centre of this annual report. We asked eight consumers about their use of media. Some of their stories can be read on the theme pages in this report; the videos can be found in the online version of the annual report. In this way, we want to show that we really listen to those for whom we make our content. 1 TMG Annual Report 2015 Facts and figures 2015 In thousands of euros 2015 2014 Total income 482,332 517,712 Operating result -21,000 -31,420 Financial income and expense -1,798 -7,158 Result before tax -22,798 -38,578 Income tax 841 -491 Net result for the year -23,639 -38,087 Minority interest -879 -4,281 Result attributable to shareholders of Telegraaf Media Groep N.V. -22,760 -33,806 EBITDA, excluding restructuring costs 41,621 46,269 EBITDA margin 8.6% 8.9% Per share in € Result -0.49 -0.73 Cash flow from operating activities 0.35 0.52 Employees (fte) at period end 2,049 2,269 100% € 482.3 million € 1.5 million CO -neutral electricity used in revenue spent on employee development 2 our offi ces and printing plants 15% 13% € 41.6 million absolute CO -emission digital revenue as % of total 2 EBITDA reduction relating to our own revenue activities (Scope 1 and 2) 93% 74% 2,230 of our direct waste materials are print revenue as % of total employees at year-end 2015 recycled revenue 6% 98% 38% radio revenue as % of total of the paper used for our production female employees revenue is certifi ed as sustainable 100% 7% 44.7 jaar use of green electricity in the other revenues as % of total average age of permanent staff external data centres hosting our revenue online products 2 Reach in 2015 total reach of 7 million via print and digital1 total reach of 925,000 via print and digital1 0.9 million users every month3 1 billion page views every month (71% mobile)2 6.4 million page views every month7 18.5 million video views every month6 total reach of 2.4 million via print and digital1 total reach of 266,000 via print and digital1 0.6 million users every month3 17.3 million page views every month2 1.1 million page views every month7 49 million page views every month2 total reach of 246,000 via print and digital1 1.7 million subscribers4 1.2 million page views every month7 94.2 million page views every month2 (incl. IJmuider Courant) 0.8 million subscribers4 total reach of 281,000 via print and digital1 2.1 million page views every month7 total reach of 3.6 million via print and digital1 2.1 million users every month3 total of 3.4 million listeners every week 5 163 million page views every month2 total reach of 1.2 million via print and digital1 142 million page views every month2 total of 1.4 million listeners every week 5 3 million page views every month2 108 million video views every month2 6.5 million users every month3 total reach of 6.2 million via print and digital1 2.4 million users every month3 total of 0.7 million listeners every week 5 16.3 million page views every month2 Sources: 1 NOM Mediamerken 2015-I (2014-II until 2015-II), 13+ 5 NLO/GfK, Mon-Sun 6am-12am / 2015 annual average / 10 years and older 2 Google Analytics, period: December 2015 6 Streamone, period: December 2015 3 Google Analytics, period: December 2015, relates to unique browsers 7 Google Analytics, period: December 2015, relates to daily paper websites and 4 Internal reporting by TMG Digital news apps 5 NLO/GfK, Mon-Sun 6am-12am / 2015 annual average / 10 years and older The 2015 and 2014 annual accounts have been prepared in accordance with the IFRS-EU guidelines applicable in 2015. The significant accounting policies are included in the consolidated financial statements. The consolidated statement of profit and loss is presented on the basis of continued operations. The result of discontinued activities or those held for sale is presented separately in 2015. In 2015, Relatieplanet was reclassified from held for sale into continued operations. 3 TMG Annual Report 2015 TMG in Brief 1 Report of the Who we are 1 Supervisory Board 73 Facts and figures 2015 2 Composition of the Supervisory Board 74 Reach in 2015 3 Report of the Supervisory Board 76 Remuneration Policy for Executive Board and Supervisory Board members 79 Foreword 5 TMG financial statements 2015 81 Report of the Executive Board 8 Composition of the Executive Board 9 Our people 10 Supplementary The world around us 14 information 150 Ambition and strategy 16 Stakeholders and value creation 19 Glossary and abbreviations 151 Sustainability and materiality 22 Integrated reporting notes 154 Financial performance 31 GRI Table 155 Resultaten business units 37 The TMG share 62 Risk management 64 Statement of responsibility 70 Disclaimer 0 Corporate Governance 71 Annual report 2015 4 Foreword Gearing up more data-driven propositions. We have bundled and unified our back-office support activities. And above all, we have taken For a media company like ours, there is always an approach to developing our people. We recognise that we something rather unnatural about looking back. Here we can only make media that matters if we have the right are, already deep in 2016, looking back on 2015. It was knowledge and skills, coupled with a healthy dose of a year in which, as we announced, we radically entrepreneurship and courage. That is why we have set up a restructured our organisation. This took its toll on our group-wide talent development and leadership programme. employees. But it was something we had to do so that, We also took steps to ensure that everyone understands our both now and especially in the future, we can do even new direction and is fully engaged. During several rounds of better what we do best: creating relevant content and internal and external knowledge transfer sessions, we distributing it with the speed, intensity, volume and explained to employees and business partners why we are dynamics that consumers expect. taking this course: to make sure consumers can decide themselves what they want to watch or listen to, where and The world is getting smaller all the time.