Thus, the entire year-stop leverage ratio from dos. Despite dividend payments regarding as a whole doing three hundred million during the last number of years, the fresh group’s online loans decrease by nearly 700 billion, and that when you look at the a challenging macroeconomic environment with different drama. And get, our very own modified EBITDA keeps , i have managed to continue our financial influence proportion much more otherwise reduced steady. So it shows that it was and it’ll get in the fresh upcoming our priority to put the business into the a substantial long-title financial base.

Not simply of a net loans also off a leverage direction. The audience is convinced that this method will eventually work for the shareholders who can be involved in a top display of one’s company’s company worthy of. Having told you which, i want to today come on Webpage a dozen to our bonus suggestion on up coming Yearly Standard Fulfilling, which will take place after April this season. Once i only mentioned, maintaining a good monetary character will continue to be among the trick monetary administration objectives dating georgia women. This past year, i conveyed you to plus the standard financial ecosystem, i repaid version of focus on the ideal amount of internet loans and you may monetary control when deciding withdrawals to help you shareholders. And we’ll and additionally consider the have to dedicate in the business, such as the summation regarding strategic development options, particularly in the core activity business.

From this background, we, brand new Government Panel, utilizing the Supervisory Panel, decided to decide to the new Annual General Appointment once again a bonus out of 0. It suggestion requires brand of account to the fact that the monetary control is anticipated nonetheless is over the upper end regarding the new directed list of 1. In accordance with that it, I want to prevent my personal area of the presentation and you can surrender in order to Bert.

So when an area mention, I want to mention that people should keep at heart you to definitely i have notably smaller our websites obligations over the last five years

Bert Habets: Thank-you, Martin, for these details. Let’s now continue with an update to the surgery. Why don’t we first have a look at the entire advertising business before year. Whenever we go through the full year 2023, really marketplace was less than earlier in the day year. Which underlines the new hesitation of your greater advertisements business, which was considering the strained macroeconomic ecosystem. Still, we come across an optimistic advancement throughout the extremely marketplaces throughout the last quarter. Several, one of them, new tidy up, consumer electronics in addition to restaurants community enhanced their advertising using with the the end of the year significantly. New challenging macroeconomic environment, again, swayed all of our Television key advertisements profits in 2023pared to help you 2019, the year up until the break out of your own COVID-19 pandemic, we recorded a fall on the around three-thumb mil euro range.

To counterbalance this refuse, we have been even more investing our electronic and you will wise advertisements collection

In addition, it has been the main reason into the reduction in our money since then. In so doing, we partly make up for brand new lowering of this new linear Television adverts. Particularly, digital and you will smart adverts revenue regarding Italian language-speaking . This means the typical raise off 9% within the last four years and you can underpins the truth that the services to help you digitize the fresh entertainment organization was indeed successful, even in a failing advertising sector ecosystem. Due to the constant development of all of our electronic and you will wise adverts revenue, brand new express away from total advertising earnings throughout the DACH area try now 16%. We have been very confident that we could significantly increase the express further toward growth of Joyn addressable and you will programmatic advertising revenues on television, including our podcast team.