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Impresa: Key conclusions from 3Q18 results conference call

31 Oct 2018

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The Company expects more restructuring charges for 4Q18, but said these are not expected to be meaningful. TV advertising was weaker than expected in September. This is a contrast to last year’s September numbers, mainly due to the fact that last year was the 25th anniversary of SIC. TV advertising is seen growing between 2% - 3% in October and is expected to show a slightly positive growth rate in November. Thematic Channels are also expected to do well in October. The company also confirmed that the expansion and construction of the building in Paço de Arcos will be concluded by 30 November and will start broadcasting in January 2019.

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The information and opinion contained in this report was prepared by PATRIS - SOCIEDADE CORRETORA, SA ("Patris"), which is part of the group of companies whose holding is PATRIS INVESTIMENTOS, SGPS, SA (Patris Group), listed in Alternext, which holds 100% of the share capital and voting rights of REAL VIDA SEGUROS SA which, in turn, holds 100% of the share capital and voting rights of Patris.

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