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Mediahuis Home of great media brands
Mediahuis believes unconditionally
in independent journalism and
strong and relevant media that
make a positive contribution to
people and society.
Mediahuis is an open-minded
organisation with a curious outlook
on the world. It’s a company where
people and brands can maintain
their identity while having the
opportunity to grow.
Mediahuis was founded in 2013 by
Mediahuis is ambitious and creates bringing together the media assets
an environment in which innovation of two long established Belgian
publishers, Corelio and Concentra.
and the search for continuous Since, it has rapidly grown through
improvement is encouraged. acquisitions and has become
an important media player also in
the Netherlands. For 2018, an annual In a transforming world, Mediahuis
turnover of approx. € 800 million is continues to build a portfolio of
expected and the company employs diversified media properties.
more than 3,200 employees.
Mediahuis believes that a focus on
Today, Mediahuis publishes 14 daily quality journalism and innovation
news titles which have a combined in the digital world, in combination
paid circulation (print and online) of with strict operational and
about 1,400,000 copies per day. Its financial discipline, will ensure the
combined online reach is sustainability of the group for the
3,2 million unique users per day. benefit of all its stakeholders.
2 3
In the spring of 2018 Karel Verhoeven, Text: Karel Verhoeven | Editor-in-chief De Standaard
editor-in-chief of De Standaard, interviewed Image: Ivan Put
Gert Ysebaert, CEO of Mediahuis.
During the interview Ysebaert expressed
his vision on a number of changes
“Journalism has
in the media and the position of
Mediahuis in this evolution.
become more interesting
than ever”
Until five years ago, Gert Ysebaert was publisher Mediahuis is not the kind of company that According to that logic we must continue
of De Standaard and Het Nieuwsblad, two brings in a crew of its own managers in the to grow…
newspapers published by the leading Flemish organisations it acquires. Doesn’t that lead to Gert Ysebaert: “Yes. But not necessarily
media group Corelio. When late 2013 Mediahuis very different companies? geographically. We must grow where it makes
was founded, Ysebaert became CEO. Gert Ysebaert: “We have tripled our revenues sense and where we can be complementary.
and staff over a period of five years. We have And that’s what is so great about the Telegraaf
Mediahuis has significantly grown in the past quite an intense period behind us. Actually Media Groep. We now have the most
years. Is it positive or negative that mostly the Mediahuis is a series of acquired companies. qualitative and most popular news brand in the
same people are leading Mediahuis as five years Now the time has come to turn this into a Netherlands. This makes us more complete as
ago? group. We are making good progress. We a media player.”
Gert Ysebaert: “We’ve become a kind of strive for the same things. Recently we brought
common history. We started Mediahuis with people throughout the company together What connects those two brands?
a group of people who committed themselves in discussion groups about the Mediahuis Gert Ysebaert: “The journalistic professionalism
to a new story. I want to stay loyal to that values. Those were important days for me. and journalistic heart. Independence, reliability.
commitment. Our company has grown and we Beautiful days as well. You can tell how we There’s a set of principles we follow. We have
have grown with it. The only way we were able all speak the same language. We keep it open an important role to play in our society. But we
to expand that quickly through acquisitions, and transparent, and that works. I love that do not have some kind of ideological project.
is because we have such experienced people. critical honesty.” There is not just one view of the world.”
This same group of people drive our innovation.
It’s not because you’ve been in the profession What was the real driving force behind the De Telegraaf and NRC do not apply the same
or the company for ten or thirty years that you acquisition of the largest Dutch newspaper, kind of journalism.
can’t re-invent yourself or continue to learn and De Telegraaf? Gert Ysebaert: “It is a different kind of
evolve. Of course we also need to attract new Gert Ysebaert: “When doing business, you look journalism because they target different
blood. That is happening, mainly through the for opportunities. In Belgium we saw the many audiences. But they do share the fundamental
acquisition of the companies we took over in opportunities that were created when joining values which a journalist represents. Every
the Netherlands.” forces. In the Netherlands we already had NRC news brand means a lot for the community it
“Every news brand and Media Groep Limburg (now Mediahuis
Limburg, Ed.), but that still didn’t made us a
serves. De Telegraaf represents all the Dutch,
speaks up for them, and defends them against
means a lot for the Dutch media player. Missing that historical
opportunity was not an option. Could we have
domestic politics or external influences. That
trend can also be found in society nowadays.
community it serves” survived as a company without Telegraaf Media
Groep? Probably. But now we are marked as a
But it stays within the democratic and
journalistic values. I actually think it is good that
Gert Ysebaert solid Belgian-Dutch media company.” we have such diverse media as a publishing
4 5
“Our shareholders
have committed
for the long term”
Gert Ysebaert
company. Our mission is to foster a diversity Does the absence of an online revenue generating to inform people, to inspire them, to give They don’t have such a powerful medium
that is crucial for society.” model for the popular news brands makes you them the chance to belong to a community, themselves.”
nervous? to enable them to form an opinion. We are
Do we do our job well enough as professional Gert Ysebaert: “I am convinced we will find a working on a model whereby you become a The family shareholders were close to their
media? On many fronts we keep the machine digital payment model. We succeeded for De member of a news brand that informs you newspapers, but within a large group such as
running with journalism-as-usual. That is Standaard and NRC, and I see it succeeding for through all possible platforms. That provides Mediahuis, they tend to have a more remote
adequate, but not compelling. our regional titles as well. Het Belang Van Limburg us with fantastic opportunities. We can now position. Does that lead to tighter financial
Gert Ysebaert: “A lot of our media could will always remain relevant for the Limburg do video just as well. De Standaard produces requirements?
definitely do much better. But I am optimistic region, and people will therefore be willing to pay video that is not television, but offers a similar Gert Ysebaert: “Our shareholders have
because we are turning the tide. For a long for it online as well. We have to expand that to experience and quality. We can inform through committed for the long term. That is crucial. We
time we committed to the largest possible Antwerp, Dutch Limburg and North-Holland for audio as voice control systems break through. are not a listed company that is driven only by
reach. We did that by combining news and the other regional titles. Our biggest challenge lies Journalism has become more interesting than the short term. Above all we must be healthy
entertainment. People pick up their phone with the large popular news brands such as Het ever.” and profitable. Look what happened in recent
and also want to be entertained. Competing Nieuwsblad and De Telegraaf. Their traditional years: companies that are not profitable enough
with some big players, we went very far readers are ageing. We are able to reach young Will we all become aggregators like Blendle? and therefore not secure enough, are no longer
with the popular news brands. But reach is people for free, but how do we get them to pay? All the editorial teams and services merged, in control of their own future. We need to remain
no longer a yardstick to make a difference, Do we have enough time to turn the tide? That is a producing ‘content’ for ‘platforms’? the masters of our own destiny. I consider that
not even commercially. All our titles pursue task for our whole organisation. Are we sure it will Gert Ysebaert: “Blendle is a great model. But it as my mission.”
added value journalism. People are willing work? No. Do we believe it’s possible? Yes.” is indeed an aggregator. They bring news from
to pay for that difference. Today, NRC and other titles. For Mediahuis, the entry point must
De Standaard lead the way . But the shift is Do you believe it is still possible with printed and will remain the news brand. As a reader
happening very fast on all our news sites. newspapers, or are you convinced that websites you need to commit to something. We compete
Of course, we are mass media and we will become the dominant medium? with Facebook or Youtube through our brands,
have the ambition to reach all the Flemish Gert Ysebaert: “For the first time in years I believe our local roots, speaking with our customers,
and Dutch people. But we need to evolve it will no longer be with printed papers. I agree both readers and advertisers. In the meantime
towards a digital model where readers pay that it is a drastic statement. All media experience print remains a beacon of trust and reliability.
for journalism.” the fact that users no longer consume media in a Print is no longer our future, but it remains an
linear way. The desire for a ready-to-go product incredible journalistic medium. Print enables us
which you consume once a day evaporates. They to tell stories, provide insights, set the agenda,
grew up with the Facebook timeline. We are losing debate. When Facebook or Google want to
the possibility of bundling our services. But you spread messages with great authority, they buy
do not necessarily need a printed newspaper advertising space in the printed newspapers.
6 7
A YOUNG
COMPANY 1933
WITH DEEP Het Belang van Limburg
created
ROOTS Frans Theelen merges the weekly magazines
into a daily newspaper: Het Belang van Limburg.
The newspaper enjoys steady growth and
actively participates in Limburg’s general
emancipation and economic development.
1879 1893
Het Algemeen Belang der Provincie First edition of De Telegraaf
Limburg launched
De Telegraaf was founded by Sir Henry
On 6 December 1879, Nicolaas Theelen in Tindal and Gerard Adriaan Heineken
Tongeren publishes the first issue of the local who bought an old printing house in
weekly newspaper Het Algemeen Belang der Amsterdam in March 1892. On 1 January
Provincie Limburg. 1893, the first issue appeared.
1656 1891 1914 1927
Mediahuis was founded as a Opregte Haarlemsche Courant De Standaard founded First edition of
joint venture of Corelio and First edition of Het Nieuwsblad
Concentra, two companies The ‘Opregte Haarlemsche Courant’, Gazet van The first attempts to publish a catholic,
with a rich history in the founded in 1656 is the world’s oldest Antwerpen Flemish daily in Brussels date from Het Nieuwsblad is launched in 1927 as a daily
continually published newspaper. Now 1914. Because of the First World War, the newspaper with a more popular voice than
Flemish and Belgian press renamed ‘Haarlems Dagblad’, it became On 3 November first edition of De Standaard is finally De Standaard. It is an instant success.
sector. Since Mediahuis was part of Mediahuis in 2017 through the 1891, Jan-Baptist published on 4 December 1918.
established in January 2014, acquisition of Telegraaf Media Groep. Napolitaan Van Os
the group has taken major publishes the first
edition of Gazet van
steps into the Dutch market. Antwerpen.
8 9
A YOUNG
COMPANY
WITH DEEP
ROOTS
2013 2017
1996 Corelio and Concentra Mediahuis gains
Regionale Uitgeversgroep join forces multimedia strength
founded
Corelio and Concentra decide to join forces A number of companies and participations, in Mass Transit Media (Metro) and De Vijver
After the merger of Concentra and De Vlijt, the and establish Mediahuis. The news brands of which originally remained within the Corelio Media (with the TV channels VIER, VIJF and
Regionale Uitgeversgroep is founded in 1996. With both publishers, their classifieds and online and Concentra structure, are transferred ZES and the production house Woestijnvis).
its flagships, Het Belang van Limburg and Gazet van activities are given a place in the new media to Mediahuis. This applies to Media Groep As a result of these steps, Mediahuis
Antwerpen, the company focuses on its regional company. Limburg (MGL), radio station Nostalgie, strengthens its position in the Netherlands and
strength. In 2003, the name Regionale Uitgeversgroep regional TV stations ATV, TV Limburg, TV Oost in the audiovisual market in Belgium.
is changed to Concentra Media. and ROB TV, Printing Partners and the shares
1976 2015 2018
De Vlaamse Mediahuis begins New radio
Uitgeversmaatschappij Mediahuis partnership broadcaster
takes over with WPK NRJ begins
Like many other companies, De Standaard NRC Media
group cannot escape the consequences of Mediahuis enters into a strategic In the autumn of 2018,
the decade’s economic crisis. On 26 June Mediahuis takes over co-operation with Wayne Mediahuis and De Vijver
1976, André Leysen, with a number of NRC Media Holding, Parker Kent (WPK), one of the Media announce the
Flemish entrepreneurs, creates De Vlaamse publisher of the NRC fastest-growing digital media start of a new Flemish
Uitgeversmaatschappij (the Flemish Publishing 2006 Handelsblad evening companies in the Netherlands, radio station: NRJ.
Company, VUM), saving De Standaard, paper, the morning which specialises in developing
Het Nieuwsblad and De Gentenaar from Birth of Corelio paper nrc.next, nrc.nl and publishing online media
bankruptcy. and various webshops Mediahuis acquires brands such as Culy, Manners
In June 2006, the board of and apps. With this Telegraaf Media Groep and Femme. Later in 2017, WPK
directors of VUM decides to acquisition, Mediahuis opens a branch in Antwerp,
operate under a new name: gains a strong foothold After long negotiations, Mediahuis takes over the Dutch from where Flemish editions of
Corelio. in the Netherlands. Telegraaf Media Groep (TMG). With this transaction and a number of successful online
the entry of VP Exploitatie as a third shareholder, Mediahuis magazines of WPK are set up.
confirms its position as a leading multimedia group in the
Netherlands and Belgium. .
10 11
NEWS BRANDS
BELGIUM
HET NIEUWSBLAD / DE GENTENAAR
Het Nieuwsblad follows current events from near and
DE STANDAARD PAID CIRCULATION (PRINT + DIGITAL):
far, not just the hard facts of politics and economics, PAID CIRCULATION (PRINT + DIGITAL):
De Standaard delivers what it promises - outstanding 100.102 COPIES/DAY but also the human stories behind these events. This 225.217 COPIES/DAY
journalism. As the tagline “Expect the Unexpected” makes Het Nieuwsblad a unique, very accessible and
suggests, it goes above and beyond. De Standaard TOTAL BRAND REACH (NEWSPAPER + NEWS SITE):
easy-to-read newspaper. Known for his national and TOTAL BRAND REACH (NEWSPAPER + NEWS SITE):
brings you powerful stories, illuminating viewpoints 671.710 READERS/DAY regional sports coverage, Het Nieuwsblad is a valuable 1.483.200 READERS/DAY
and stunning images. It is the largest quality newspaper source of information, and a committed newspaper
in Belgium. that dares to take positions on issues.
12 13
FREE SHEETS
HET BELANG VAN LIMBURG GAZET VAN ANTWERPEN METRO
Het Belang van Limburg wants to unite people in Gazet van Antwerpen is the largest newspaper Metro is distributed for free in train and metro stations,
Limburg. Whether it’s social, political or economic in Flanders’ largest city, Antwerp. Gazet van schools and many companies. Metro is an essential
issues, Het Belang van Limburg keeps its finger on Antwerpen aims to be the most important source read for young and urban readers and delivers a large
the pulse. of local information while still covering national quantity of news and entertainment on a daily basis.
and international news. In recent years, Gazet van
Antwerpen has also strongly developed its digital
PAID CIRCULATION (PRINT + DIGITAL): CIRCULATION (PRINT):
90.126 COPIES/DAY
focus, with increasing numbers of digital readers. 203.423 COPIES/DAY
PAID CIRCULATION (PRINT + DIGITAL):
TOTAL BRAND REACH
479.350 READERS/DAY
(NEWSPAPER + NEWS SITE):
83.456 COPIES/DAY TOTAL BRAND REACH
714.340 READERS/DAY
(NEWSPAPER + NEWS SITE):
TOTAL BRAND REACH (NEWSPAPER + NEWS SITE):
554.920 READERS/DAY
14 15
NEWS BRANDS
THE NETHERLANDS
NRC HANDELSBLAD / NRC NEXT PAID CIRCULATION (PRINT): DE TELEGRAAF PAID CIRCULATION (PRINT):
NRC Handelsblad and NRC Next focus on the decision 157.618 COPIES/DAY De Telegraaf delivers stories and features in the fields 353.009 COPIES/DAY
makers of today and tomorrow, delivering the very of news, sports, finance and entertainment, both in
best in journalism by a large group of passionate and PAID CIRCULATION (DIGITAL): words and images. De Telegraaf informs and brings PAID CIRCULATION ( DIGITAL):
committed journalists. On paper and in digital media, 102.687 COPIES/DAY people together, making it one of the major news 51.771 COPIES/DAY
NRC focuses on innovation, developing online initiatives brands in the Netherlands.
and providing creative and effective communication TOTAL BRAND REACH (NEWSPAPER + NEWS SITE): TOTAL BRAND REACH (NEWSPAPER + NEWS SITE):
solutions for its business partners. 674.300 READERS/DAY 2.327.000 READERS/DAY
16 17
FREE SHEETS
De grootste krant van Amsterdam!
DE LIMBURGER NOORDHOLLANDS DAGBLAD METRO
De Limburger is the most widely read regional As a regional newspaper, Noordhollands Dagblad Similar to its Belgian edition, Metro is distributed
newspaper in the Netherlands. It’s about being proud keeps the reader informed of news and events in freely within the public transport network. It reaches
of the Dutch Limburg region, but also being critical the region. Noordhollands Dagblad contains varying and engages its target group via the newspaper,
when necessary. De Limburger brings regional and themes such as sports, health and culture. Haarlems on metronieuws.nl, via the Metro app and social
local Limburg news, as well as foreign news, sports, Dagblad, IJmuider Courant, Leidsch Dagblad and media channels.
economy, culture, lifestyle and entertainment. With its De Gooi- en Eemlander complete the group’s strong
newspaper, website and apps, De Limburger makes a regional presence.
world of difference for its loyal readers, every day. PAID CIRCULATION (PRINT):
267.158 COPIES/DAY
PAID CIRCULATION (PRINT): PAID CIRCULATION
(PRINT):
117.182 COPIES/DAY 92.147 COPIES/DAY TOTAL BRAND REACH (NEWSPAPER + NEWS SITE):
910.100 READERS/DAY
PAID CIRCULATION (DIGITAL): PAID CIRCULATION (DIGITAL):
5.934 COPIES/DAY 6.799 COPIES/DAY
TOTAL BRAND REACH (NEWSPAPER + NEWS SITE): TOTAL BRAND REACH (NEWSPAPER + NEWS SITE):
416.500 READERS/DAY 364.700 READERS/DAY
18 19CLASSIFIEDS & THE NETHERLANDS
E-COMMERCE
BELGIUM
GASPEDAAL.NL
On GasPedaal.nl you will find the largest and most up-to-date used car
listings in the Netherlands. Thanks to its smart search engine, 1,900
dealerships and 21 car sites are compared, enriched and made easy to
find on a daily basis through desktop, mobile, newsletter or app.
ONLINE REACH
1.000.000 VISITORS/MONTH
JOBAT
Jobat.be is the number one
recruitment platform in Belgium.
Employees find the job of their
ZIMMO dreams, employers find the perfect
Zimmo is the real estate website with the biggest range of properties candidate. Jobat.be has been the leading
for sale and rental, apartments, land and garages in the country. innovative platform for online recruitment for GROUPDEAL.NL LIMBURGVAC.NL
Zimmo doesn’t just rely on its network of real estate professionals, but many years, with jobs, career tips and company GroupDeal has been THE provider of daily deals since 2010. The large, At LimburgVac, the supply and demand of the Limburg labour market
also searches more than 3,000 websites every day for the most recent information. Jobseekers can also create their own varied and above all fast-rotating offer of daily deals ensures that visitors come together. The regional job site of Mediahuis Limburg has become
property offers. In addition, Zimmo enriches each ad with additional data profile, upload their CV and post a video introduction keep coming back. With more than 1.4 million visitors on a monthly basis, the place to go for both employees who want to boost their career, and
such as neighbourhood information, market comparisons and the exact online. Jobat.be offers multi-media solutions to match a GroupDeal is one of the top daily deal websites in the Netherlands and companies looking for the ideal new employee. LimburgVac works with a
plot boundaries. job offer with the best candidates. Belgium. unique placement formula that guarantees a successful match.
ONLINE REACH
876.745 VISITORS/MONTH ONLINE REACH
808.064 VISITORS/MONTH ONLINE REACH
1.800.000 VISITORS/MONTH ONLINE REACH
200.000 VISITORS/MONTH
Other classifieds and e-commerce brands: Other classifieds and e-commerce brands:
20 21ONLINE WAYNE RADIO AND
VERTICALS PARKER TELEVISION
KENT
BELGIUM
THE BULLETIN
The Bulletin has been the leading media partner for the
international community in Belgium since 1962. While the
magazine is printed four times a year, its strong online presence -
including social media - delivers daily news and features.
GEZONDHEID.BE
Gezondheid.be, together with its French-speaking counterpart As a content marketing agency, Wayne Parker Kent
PassionSanté.be, is the largest and most prominent health website is the largest online publisher in the Netherlands,
in Belgium. With qualitative and comprehensive information, with a wide range of online magazines. Every
Gezondheid.be provides up-to-date answers to questions about month, the WPK online brands reach more than
health and a healthy lifestyle in the broadest sense of the word. eight million readers. The WPK editors fill the
internet with awesomeness: must-read articles,
MADE IN eye-catching video productions and other forms
Made in is an important news and information platform for of high-quality content. The diversity in the Wayne
entrepreneurs, CEO’s and executives in the Flemish region. Made Parker Kent portfolio provides a broad millions-
in brings them the most recent economic news through the online strong audience with online magazines such as
medium they prefer. Manners, Femme, Culy and NSMBL.
Through its magazine portfolio, Wayne Parker Radio
Kent generates insights that form the basis for
many brand strategies and campaigns. NOSTALGIE NRJ
THE NETHERLANDS Nostalgie is THE essential music channel for adults, both in Flanders The Flemish NRJ radio station is part of the largest international radio
and French-speaking Belgium. You will hear music from the 1970s, network NRJ, active in more than 15 countries including Sweden,
80s and 90s, all day long, supplemented by contemporary classics. Germany, France and Russia. NRJ Flanders has its own creative direction,
DUMPERT Every summer, Nostalgie lets its listeners experience the classics and targets an audience of active listeners (target group aged 14-44). The
With 150 million videos viewed monthly, Dumpert is the largest up close, thanks to the Nostalgie Beach Festival in Middelkerke. station focuses on popular music and can be listened to on FM, online and
video destination in the Netherlands. Visitors actively contribute by In French-speaking Belgium, Nostalgie is the market leader with a market via cable TV.
‘dumping’ a stream of videos and pictures. Every movie, picture or share of 15%.
sound has the potential to go viral.
WIJLIMBURG
WijLimburg is the leading news and information platform for Regional television
Dutch Limburg businesses. If you want to stay informed of the
latest headlines and developments in the Limburg economy, With the TV channels ATV, TVL, TV OOST and ROB TV, Mediahuis
you’ll follow WijLimburg’s website and read its popular morning is the biggest player on the Flemish regional television market.
newsletter.
22 23PRINTING
PARTNERS
Two leading printing companies are part of the The quality of the coldset printing works in both
Mediahuis group: Coldset Printing Partners in Paal- companies is of the highest standards. The printing is
Beringen (Belgium) and Rotatiedrukkerij Voorburgwal in handled with the utmost care and is realized in modern
Amsterdam (The Netherlands). production environments that meet the highest quality
requirements and this in as short a lead time as possible.
Coldset Printing Partners was founded in 2010 as a joint
venture of the Belgian coldset printing activities of Corelio Coldset Printing Partners and Rotatiedrukkerij
and Concentra. Today, CPP is Belgium largest newspaper Voorburgwal invest in the latest technology, such as the
printing company. Since 2017, Coldset Printing Partners waterless printing process which was implemented in
has been a 100% subsidiary of Mediahuis. Paal-Beringen in July 2018.
Rotatiedrukkerij Voorburgwal has always been part of
Telegraaf Media Groep. Since 2016, the company is fully
Like the entire printing industry, both printing companies
must constantly evolve. In addition to delivering FLANDERS
CLASSICS
based in Amsterdam. exceptional quality printing, a thorough care for human
and planet has become a top priority. A justified concern,
which must safeguard the future of current and future
generations.
Flanders Classics was founded in 2009
and marked the start for a thorough
professionalisation of cycling in Flanders. The
purpose was not to organise more races, but
rather achieving more co-operation between the
various organisers.
In 2018, Flanders Classics is the third largest
player on the international cycling stage behind
Tour organiser ASO and Giro owner RCS.
Mediahuis has a 50% interest in Flanders
Classics. This makes us literally part of the
cycling race, the second most popular sport in
Flanders.
24 25KEESING
MEDIA
GROUP
2017 Thanks to a number of transactions,
the company almost doubled in size
compared to 2016, measured in annual
Evolution of balance sheet
structure
results
turnover. These transactions caused the balance
sheet structure of Mediahuis to evolve very
The Dutch newspaper De Limburger, the strongly.
Keesing Media Group, in which Mediahuis holds audiovisual participations, newspaper In this way, total assets of 401 million
30%, is the largest publisher of puzzle magazines printers and a few smaller brands and euros at the end of 2016 grew to 929
in Europe. The company offers a wide range of activities owned by Corelio and Concentra million euros at the end of 2017.
puzzle magazines in many languages and countries have become part of Mediahuis since 31
including the Netherlands, France, Belgium, May. This was the last and logical step in The intangible fixed assets grew with
Denmark, Germany, Spain, Italy, Sweden, Norway, the integration process that had started in the addition of strong brands such as De
Hungary and the United Kingdom. In addition to 2013. Telegraaf, Noordhollands Dagblad and
publishing its own puzzle books and apps, Keesing De Limburger. The tangible fixed assets
works closely with other publishers to provide them The successful completion of the public increased by the contribution of printing
with creative and fun content. bid on the listed Dutch media group sites and office buildings in Amsterdam,
TMG immediately became the largest Paal-Beringen and Groot-Bijgaarden. A
Keesing’s portfolio consists of multiple major transaction. After an intensive trajectory of deferred tax asset of 22 million euros was
puzzle brands. Recently the company took an REVENUE (in € MIO.) almost 12 months, Mediahuis became the included as per the end of 2017 due to
interest in the American brainapps developer controlling shareholder of TMG at the end significant losses carried forward at TMG.
Elevate Labs. 900 of June. Mediahuis bought out the other
large TMG shareholders in the autumn. The item assets held for sale comprises
DENKSPORT® 800
797
As from January 2018 Mediahuis owns the participation in De Vijver Media and a
Denksport is the oldest puzzle brand of Keesing in 99.4% of the TMG shares. The share was part of the real estate in the Netherlands.
The Netherlands and Flanders. 700 delisted from Euronext Amsterdam and the
642 procedure to squeeze out the remaining The group’s working capital increased
SPORT CÉRÉBRAL® 600 shareholders was started. in line with the growth of the portfolio of
Among puzzlers in France, Sport Cérébral is known brands and activities.
as the brand to play. 500 These steps were taken without impacting
433 431 the group’s financial solidity. In this way, In 2017, the net financial debt rose from 76
MEGASTAR® 400 the Dutch family group VP Exploitatie, million euros to 111 million euros, while the
Megastar puzzle magazines are made for puzzlers the historic reference shareholder of group’s equity grew from 53 million euros
in France, Spain, Italy and Germany. 300 287 TMG, contributed its TMG shares to the to 282 million euros.
Mediahuis capital and Mediahuis sold two
TANKESPORT® 200 non-core assets from the TMG portfolio: The group was financed by its four main
In Denmark, Norway and Sweden the puzzle banks: expensive financing constructions
magazines from Tankesport are sold for all ages 100 • Keesing Media Groep, 100% of which were replaced by a clearly structured
and difficulty levels. was owned by TMG, 70% of which was financing package at competitive terms
0 sold to Ergon Capital. and conditions.
• The minority stake in Talpa Radio, the
Reported Reported Reported Reported Forecast largest radio group in the Netherlands,
2014 2015 2016 2017 2018 was sold to the principal shareholder.
26 27CONSOLIDATED STATEMENT OF PROFIT OR LOSS (IN € MIO.) 2017 2016 2015 CONSOLIDATED STATEMENT OF FINANCIAL POSITION (IN € MIO.) 30/12/2017 31/12/2016 31/12/2015 1/01/2015
Revenue 641,54 430,56 433,18 Non-current assets 705,87 334,02 341,67 201,60
Intangible assets 532,16 323,13 330,51 195,37
Operating cost Tangible assets 85,50 8,05 8,38 3,68
Cost of goods sold and raw materials (56,13) (15,68) (19,82) Equity accounted investments 45,78 0,33 0,26 1,10
Other investments 15,22 0,60 0,27 0,68
Cost of services and expenses (317,94) (246,98) (251,59)
Other non-current assets 0,30 0,09 0,14 0,11
Pay-roll cost (188,94) (107,87) (105,94)
Receivables 5,01 1,35 1,58 0,13
Other operational costs (2,14) (0,40) (1,40) Deferred tax assets 21,90 0,48 0,52 0,54
(565,14) (370,93) (378,74)
Current assets 191,08 66,85 72,67 49,23
REBITDA 76,40 59,62 54,44 Inventories 4,24 0,00 0,00 0,00
Trade receivables 79,45 45,98 47,76 43,91
Non recurring cost (15,89) (2,40) (1,25) Current tax receivable 7,79 0,00 0,00 0,00
Cash and cash equivalents 84,33 15,07 16,45 4,35
EBITDA 60,51 57,23 53,19
Other current assets 15,27 5,80 8,46 0,97
Depreciation, amortization and impairments (38,57) (22,89) (24,73)
Assets held for sale 32,29 0,00 0,36 0,00
Operating profit 21,94 34,33 28,46
TOTAL ASSETS 929,24 400,88 414,70 250,83
Investment income 0,23 0,33 (0,23)
Equity attributable to the owners of the company 281,70 52,54 35,24 21,06
Interest and other finance income 0,19 0,07 0,12
Non controlling interest 15,21
Interest and other finance expense (9,95) (7,26) (7,84)
Share in the profit of equity accounted investments 0,37 0,07 (0,01) Non-current liabilities 335,13 168,32 192,17 96,44
Provisions 41,18 7,12 6,85 8,47
Profit before income tax - continued operations 12,78 27,54 20,51 Subordinated loans 52,88 45,55 45,55 45,55
Other loans and borrowings 167,61 66,09 89,40 13,37
Income tax expense 2,41 (9,42) (7,44) Derivative financial instruments 0,41 0,29 0,21
Profit - continued operations 15,19 18,12 13,06 Deferred tax liabilities 73,06 49,27 50,16 29,05
Current liabilities 297,19 180,01 187,30 133,33
Result discontinued operations 1,00 0,00 0,00
Loans and borrowings 27,81 25,22 33,49 19,94
PROFIT FOR THE PERIOD 16,19 18,12 13,06 Derivative financial instruments 0,03 0,06 0,04 0,00
Trade payables 65,80 49,54 48,25 38,21
Attributable to :
Deferred revenue 100,81 60,51 66,35 42,84
The owners of the company 14,95 18,12 13,06
Current tax liability 14,64 11,28 7,81 0,06
Non-controlling interests 1,24 0,00 0,00 Accrued pay-roll expenses 48,49 20,15 19,48 21,49
Other current liabilities 28,59 11,74 10,15 4,06
Provisions 11,02 1,52 1,72 6,73
TOTAL LIABILITIES 929,24 400,88 414,70 250,83
Solvency ratio 30,3% 13,1% 8,5% 8,4%
Net financial debt (excluding subordinated loans) 111,09 76,24 106,43 28,96
Net financial debt / REBITDA 1,45 1,28 1,96
Figures in millions of euros. Figures in millions of euros.
Mediahuis is for the first time drawing up consolidated accounts as per 30 December 2017, subject to the application of IFRS. Mediahuis is for the first time drawing up consolidated accounts as per 30 December 2017, subject to the application of IFRS.
The annual accounts are drawn up with an extended financial year running from 1 January 2016 to 30 December 2017, inclusive, and the comparative financial year is 2015. The opening balance and conversion date to IFRS is 1 January 2015.
For the sake of readability, the pro forma income statements of 2017 and 2016 are displayed separately. The annual accounts are drawn up with an extended financial year running from 1 January 2016 to 30 December 2017, inclusive, and the comparative financial year is 2015 (31 December 2015).
28 29Mediahuis Mediahuis
Board of Directors Management Committee
Chairman Chief Executive Officer
ANTWERP PAAL-BERINGEN
Thomas Leysen Gert Ysebaert
Vice-chairman Chief Operating Officer HASSELT
Robert Ceuppens Paul Verwilt BRUSSELS
AMSTERDAM
Directors Chief Financial Officer
Jan Baert Kristiaan De Beukelaer
Arian Buurman
Bruno de Cartier
Patrick Hermans
Peter Hinssen
Jan Suykens
Guus van Puijenbroek
Philippe Vandeurzen
Philippe Vlerick
SITTARD
THE NETHERLANDS BELGIUM
1.935 1.365
STAFF MEMBERS STAFF MEMBERS
(FTE) (FTE)
MEDIAHUIS NEWSPAPERS MEDIAHUIS NEWSPAPERS
8.270.000 3.558.940
READERS EACH MONTH READERS EACH MONTH
6 OUT OF 10 DUTCH PEOPLE (13+) 7 OUT OF 10 FLEMISH PEOPLE (12+)
MEDIAHUIS NEWS SITES AND APPS MEDIAHUIS NEWS SITES AND APPS
7.068.000 3.138.053
UNIQUE VISITORS EACH MONTH UNIQUE VISITORS EACH MONTH
1 OUT OF 2 DUTCH PEOPLE (13+) 6 OUT OF 10 FLEMISH PEOPLE (12+)
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