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Tele 5 surpasses the forecasts and gains a 76% more than in 2003
The private chain controlled by the Italian group Mediaset gained 215.9 million Euros in 2004, a 76.1% more than the previous year surpassing therefore the forecasts of the analysts. While, Mediaset sells the 1.9% of its participation in Tele 5

The number of businesses of the company grew a 22.8% up to 789.9 million Euros, thanks to the pull of the advertizing income, that happened of 520.2 to 715.6 million Euros. The analysts waited for a invoicing of 785 million.

The result of operation before amortizations (ebitda) increased a 65.6% until up to 319.7 million Euros, whereas the operative result advanced a 75.8% up to 301 million.


Mediaset sells the 1.9% of Tele 5 by 76.6 million

After this disinvestment, Mediaset maintains 50.1% of Tele 5 and has assumed the commitment of not reducing its participation below that percentage in the six next successive months to the operation

Mediaset has not wanted to hope more to pick up benefits of the ascent in stock market of Tele 5. The company controlled by Silvio Berlusconi, majority shareholder of the television network, communicated the sale of the 1.9% of its participation in Tele 5 by 76.6 million Euros to the investment bank JP Morgan, that is had it jeopardize to relocate the actions in the market of institutional investors.

After this disinvestment, Mediaset maintains 50.1% of Tele 5y has assumed the commitment of not reducing its participation below that percentage in the six next successive months to the operation. The Italian group has sold 4.6 million action of Tele 5 to a price of 16.65 Euros by title. After knowing the operation, that has taken place through a sale in block, the actions fell yesterday a 1.19%, up to 16.60 Euros.

Strong capital gains

Taking as reference the last purchase of action of Tele 5 by Mediaset, the sale of the 1.9% reports to the Italian group capital gains of 43.7 million Euros.

Group, that will add these income to the dividend of 73% of its benefit that will distribute between its accionitas, will obtain in addition this year other 67 million Euros of its investment in Tele 5, corresponding to 50.1% that it corresponds to him of the 135 million dividend that will distribute to east year the chain.


(01-03-05)







 
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