Earnings Release • Nov 3, 2010
Earnings Release
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Ad-hoc | 3 November 2010 10:07
ProSiebenSat.1 Media AG: Q3 2010: ProSiebenSat.1 increases recurring EBITDA by 64.3 percent to EUR 154.9 million / earnings expectations exceeded once again
ProSiebenSat.1 Media AG / Key word(s): Quarter Results
03.11.2010 10:07
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Munich, November 3, 2010. The ProSiebenSat.1 Group continued its profitable
growth in the third quarter 2010 with a significant earnings increase at
almost stable recurring costs. The Group's recurring EBITDA grew by 64.3
percent, or EUR 60.6 million, in comparison to the third quarter of 2009 to
EUR 154.9 million. EBITDA increased by EUR 81.8 million to EUR 144.1
million (+131.3 percent versus the prior-year). The consolidated profit
after taxes and non-controlling interests grew by EUR 44.7 million to plus
EUR 32.0 million. Thus the Group once again significantly exceeded market
expectations. The dynamic earnings increase in the third quarter of 2010
again mainly resulted from higher TV advertising revenues in the Group's
core market, Germany.
External revenues in the German-speaking Free TV segment (Germany, Austria
and Switzerland) grew by 14.8 percent, or EUR 49.8 million, to EUR 387.1
million in the third quarter of 2010. The revenue contribution of the
International Free TV segment rose by 5.0 percent to EUR 156.7 million (Q3
2009: EUR 149.2 million). In the diversification segment the Group achieved
a revenue growth of 13.8 percent to EUR 83.1 million (Q3 2009: 73.0
million).
The Group's consolidated revenues increased by a total of 12.0 percent, or
EUR 67.4 million, to EUR 626.9 million. Recurring costs, which are total
costs less non-recurring costs, depreciation and amortization, were at EUR
475.0 million (Q3 2009: EUR 469.3 million).
Net financial debt improved by 7.1 percent, or EUR 250.6 million, to EUR
3.284 billion at the end of September 2010 against the prior-year figure.
The ProSiebenSat.1 Q3 quarterly report will be published on November 11,
2010.
Julian Geist
Corporate Communications
ProSiebenSat.1 Media AG
Medienallee 7
D-85774 Unterfoehring
Tel. +49 [89] 95 07-11 51
Fax +49 [89] 95 07-911 51
E-mail:
[email protected]
Katrin Schneider
Corporate Communications
ProSiebenSat.1 Media AG
Medienallee 7
D-85774 Unterfoehring
Tel. +49 [89] 95 07-11 64
Fax +49 [89] 95 07-911 64
E-mail:
Katrin.Schneider @ProSiebenSat1.com
Press release online:
www.ProSiebenSat1.com
03.11.2010 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: ProSiebenSat.1 Media AG
Medienallee 7
85774 Unterföhring
Deutschland
Phone: +49 (0)89 9507-1151
Fax: +49 (0)89 9507-1184
E-mail: [email protected]
Internet: www.prosiebensat1.com
ISIN: DE0007771172
WKN: 777117
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Berlin, Düsseldorf, Hannover, Stuttgart
End of Announcement DGAP News-Service
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