The results were mixed, with net revenues at 139 M USD, but net income showing a steep decline to 14 M USD compared to 69 M USD for third quarter of 2018. A similar unbalance was noted in the nine-month figures.
CME continued to pay down debts, but also showed a decline in total assets over the past nine months, at 1,339 M USD, compared to 1,488 USD at the beginning of 2019.
Net revenues rose by the highest percentage (6.1) in Slovakia, followed closely by Slovenia and by 3 percent in the Czech Republic. Romania noted a 3.5 percent decline and Bulgaria had a decline of 1.7 percent.
Co-CEO Michael Del Nin said in prepared remarks that CME “repaid more that a half a billion dollars of debt in the last two years.” Co-CEO Christoph Mainusch added that the prime time audience share grew in each of the company’s country operations.