Central European Media Enterprises made a net profit of USD 31.2 mil with revenues of USD 136 mil in 2Q2020, down by 29.1% and down by 26.2%, respectively, compared to the previous year. This translates into a net margin of 23.0%.
On the operating level, EBITDA reached USD 56.3 mil, down 22.6% compared to the previous year. Over the last five years, the company's EBITDA has fallen 1.43% a year on average.
The company generated cash, defined by a sum of net profit and depreciation, of USD 39.2 mil or 28.9% of sales. When investments are excluded, free cash flow reached USD 35.2 mil, or 26.0% of sales in 2Q2020.
In the last five years, the company generated free cash flow of USD 475 mil. That compares to a cumulative net profit of USD 154 mil in the same period.