This means that, the year-avoid leverage ratio off 2. Despite dividend payments from in total as much as 300 mil for the past four years, brand new group’s web obligations dropped Pakistansk sГёte jenter by the nearly 700 billion, and therefore into the a difficult macroeconomic environment with assorted crisis. And get, all of our modified EBITDA has actually , you will find was able to remain our economic control ratio a whole lot more otherwise quicker secure. This shows it was and this will get in this new coming all of our priority to place the business towards the a strong long-term monetary base.

Besides from an online loans and in addition from an influence position. We’re convinced that this method will ultimately benefit all of our shareholders that will take part in increased express of one’s organizations company value. That have said that it, i would ike to now get real Webpage twelve to your bonus offer into the up coming Annual Standard Fulfilling, which takes lay after April this year. When i only said, maintaining a solid economic profile will remain certainly one of the secret monetary management objectives. This past year, we communicated one to as well as the standard economic environment, we reduced kind of attention to the right level of websites debt and you will financial influence when deciding withdrawals to help you shareholders. And we will and additionally look at the must dedicate in the market, such as the conclusion out-of proper progress ventures, especially in brand new core activity team.

Against this history, i, the fresh new Executive Panel, utilizing the Supervisory Board, decided to plan to the latest Annual General Appointment again a dividend from 0. It proposal takes kind of membership to the fact that all of our financial influence is expected nevertheless as over the high-end out-of the focused selection of step 1. And with this, I want to stop my personal part of the presentation and you will hand back in order to Bert.

So when a side notice, Allow me to talk about we need to keep in mind one to i have significantly faster the online obligations during the last five decades

Bert Habets: Thank you so much, Martin, of these facts. Why don’t we today carry on with an improvement to your operations. Let’s earliest look at the overall ads industry in past times seasons. As soon as we look at the complete season 2023, extremely markets was in fact lower than past year. It underlines the latest doubt of your wide adverts sector, that has been because of the burdened macroeconomic environment. However, we have seen a positive advancement throughout extremely marketplaces regarding the fourth one-fourth. Many, one of them, the clean, consumer electronics and food world increased the adverts investing for the the conclusion the season rather. The new problematic macroeconomic ecosystem, once again, swayed our Tv core advertising profits from inside the 2023pared so you’re able to 2019, the season before outbreak of the COVID-19 pandemic, i submitted a decrease throughout the around three-thumb million euro variety.

So you’re able to offset so it refuse, the audience is all the more committing to our digital and you will wise advertisements portfolio

In addition, it might have been the key reason into the decline in our money ever since then. In that way, i partially make up for the newest lowering of the linear Tv adverts. Specifically, electronic and you can wise advertisements incomes regarding Italian language-speaking . Which is short for the common raise off nine% over the last couple of years and you may underpins the reality that our perform so you’re able to digitize the newest amusement providers were successful, inside a deep failing advertising market ecosystem. Due to the steady growth of our very own digital and you may smart advertisements revenues, the newest display of overall adverts incomes throughout the DACH part are now 16%. We are very certain that we can rather improve express subsequent towards the growth of Joyn addressable and you will programmatic advertising income on television, including all of our podcast company.