Primedia Limited Annual Report 2005 Annual Report 2005
Annual Report 2005

A few words from the
CEO

The group's 2005 performance has been the best in its history, in terms of strategy, execution and profitability. Our people are at the heart of this success, and I am very proud to say that the group's human capital comprises a unique mix of individuals who are able to combine entrepreneurship and operational excellence with a strong culture of discipline.

As indicated below, all of the group's financial indicators for 2005 were positive, with free cash flow exceeding headline earnings, a trend consistent in recent years as the group has divested of its poor-performing international businesses.

William Kirsch [CEO] Click to view Five-year Review Click to view Group at a Glance Click to view Financial Review Click to view Shareholder's Diary

Financial Highlights

  • REVENUE UP 13,0% TO R1,98 BILLION
  • OPERATING PROFIT BEFORE DEPRECIATION UP 29,0% TO R418,9 MILLION
  • PBIT UP 34,4% TO R356,2 MILLION
  • PBIT MARGIN INCREASE FROM 15,1% TO 18,0%
  • HEADLINE EARNINGS PER SHARE UP BY 39,7% TO 95 CENTS
  • SHAREHOLDER DISTRIBUTIONS PER SHARE UP BY 40% TO 56 CENTS
  • CASH GENERATED BY OPERATIONS UP 10,2% TO R389,9 MILLION
  • FREE CASH FLOW AS PERCENTAGE OF HEADLINE EARNINGS 110% (2004: 178%)
  • STRATEGIC ACQUISITIONS CONCLUDED