Klassik Radio (KA8) H1 2024 earnings summary

Executive summary

• Revenue increased by 5.5% year-over-year to €6.72 million in H1 2024, driven by comprehensive self- and third-party marketing across all channels.

• Digital reach grew, with app installations up 21% and digital web radio sessions up 23.4% year-over-year.

• Overall listenership declined 8.8% year-over-year, but the 14-49 age group saw a 6% increase in hourly reach.

• EBITDA improved to €-366k from €-436k, and net loss was €-1.21 million versus €-1.15 million in H1 2023.

• Merchandising revenue fell 49.4% year-over-year as focus shifted away from this segment.

Financial highlights

• Revenue: €6.72 million (up from €6.45 million year-over-year).

• EBITDA: €-366k (improved from €-436k year-over-year).

• EBIT: €-850k (vs. €-908k year-over-year).

• Net loss: €-1.21 million (vs. €-1.15 million year-over-year).

• EPS: €-0.251 (vs. €-0.238 year-over-year).

• Cash flow from operations: €2.44 million (up from €1.24 million year-over-year).

• Dividend of €0.15 per share paid, totaling €724k.

Outlook and guidance

• Forecasts for 2024 remain unchanged, with expectations of slightly to moderately increasing revenues and EBITDA at prior-year level.

• Continued investment in technology, new distribution areas, and business segments is planned.