Annual And Corporate Responsibility Report 2017

The Company’s main competitor, Mediaset España, turned in a similar performance, with its share price sliding 16.1% in 2017, a far cry from the gains reported by Spain’s blue-chip IBEX 35 stock index, which added 7.4% in the year. 50% 40% 30 Dec Atresmedia -16.3% MS España -16.1% Mediaset -21.4% M6 21.9% TF1 30.0% ITV -19.8% Pro7 -21.6% RTL -3.8% 30 Jan 28 Feb 31 Mar 30 Apr 31 May 30 Jun 31 Jul 31 Augt 30 Sep 31 Oct 30 Nov 30% 20% 10% 0% (10%) (20%) (30%) (40%) TV sector shares evolution in 2017: -5.9% The 25 analysts that follow Atresmedia’s share price all downgraded their target price projections to 10.33 euros at 31 December, still some way off the 8.7 euros finally reported at year-end. Atresmedia’s average target price drifted up and down throughout 2017 as the business outlook steadily deteriorated, climbing from 11.88 euros in January to 12.30 euros as market conditions improved and then dipping to 10.33 euros at 31 December. | 108 |  7. OUR CONTRIBUTION ATRESMEDIA  |  ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2017