H1 modestly better than expected
• Total external revenue down 7% at £1,476 million (2018: £1,593 million)
• ITV total advertising revenue down 5%, better than previously guided
• Strong growth in online revenue, up 18%, against tough comparatives
• Total ITV Studios revenue down 6% at £758 million (2018: £803 million) as expected, with deliveries weighted to the second half. ITV Studios external revenue was down 11% at £487 million (2018: £549 million)
• Broadcast & Online adjusted EBITA was down 18% at £211 million (2018: £257 million)
• ITV Studios adjusted EBITA down 2% at £116 million (2018: £118 million)
• Adjusted EBITA down 13% at £327 million (2018: £375 million)
• Adjusted EPS down 13% at 6.2p (2018: 7.1p)
• Statutory EBITA down 16% at £310 million (2018: £367 million)
• Statutory EPS down 9% at 4.8p (2018: 5.3p)
And later; Dividend per share
ITV continues to deliver a good operational performance in the areas of the business we can control, in an uncertain economic and political environment. Reflecting the Board's confidence in the business and its strategy, as well as the continued strong cash generation, it has declared an interim dividend of 2.6p which is flat year-on-year. This is in line with the Board's commitment to pay a full year dividend of at least 8.0p. The Board expects that over the medium term the dividend will grow broadly in line with earnings.
https://www.investegate.co.uk/itv-plc-- ... 00044829G/