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Canada : ProSiebenSat.1 remains on growth course in Q2 2014

August 1, 2014

The ProSiebenSat.1 Group has continued its profitable growth in the second quarter of 2014: The Group increased its total revenues by 10.6 % to EUR 691.1 million (previous year: EUR 624.8 million), to which all segments contributed. Recurring EBITDA rose by 4.8 % to EUR 219.1 million compared to the same quarter of the previous year (previous year: EUR 209.2 million). Underlying net income grew by 3.6 % to EUR 108.1 million (previous year: EUR 104.3 million). In the first six months of 2014, the Company generated revenues of EUR 1.272 billion (previous year: EUR 1.188 billion). This equates to an increase of 7.1 % year-on-year. Recurring EBITDA grew by 6.6 % to EUR 359.3 million in the same period (previous year: EUR 337.2 million), underlying net income by 5.5 % to EUR 163.8 million (previous year: EUR 155.3 million).

Thomas Ebeling, CEO of ProSiebenSat.1 Media AG: "We increased our revenues dynamically in all key areas in the second quarter and thus continued to grow profitably. Our TV advertising revenues rose again. At the same time, our distribution revenues and our Digital & Adjacent business developed very positively. For this reason we are starting the second half of the year optimistically."

Broadcasting German-speaking: Leading position in the advertising market expanded, distribution revenues grown dynamically: In the Broadcasting German-speaking segment, the ProSiebenSat.1 Group grew significantly in the second quarter of 2014: External revenues increased by 5.0 % to EUR 511.2 million (previous year: EUR 486.7 million). In addition to higher TV advertising revenues, dynamically growing revenues from the distribution business again contributed to this result. Lower programming sales proceeds in the context of sublicensing had a contrary effect. On a half-year basis, revenues rose by 3.5 % to EUR 960.4 million (previous year: EUR 927.8 million).

In the German TV audience market, the ProSiebenSat.1 Group was again the market leader (viewers aged 14 to 49). On a half-year basis, the Group grew by significant 0.8 percentage points to 28.0 %. The second quarter of 2014 was dominated by the soccer World Cup: At 27.5 % (previous year: 27.9 %), ProSiebenSat.1 was down on the comparative period as expected. However, at 0.4 percentage points, the decline among ProSiebenSat.1's stations was smaller than during any previous World Cup. This is primarily attributable to the ongoing growth of the Group's new stations: The two women's stations, sixx and SAT.1 Gold, and the men's station ProSieben MAXX continued their growth unchanged in the second quarter of 2014.

The ProSiebenSat.1 Group further extended its lead in the German TV advertising market: The Group increased its gross TV advertising market share to 44.9 % in the second quarter of 2014 (previous year: 43.7 %).

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Source: TendersInfo (India)

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