ProSiebenSat.1 Media SE

Earnings Release • Feb 10, 2010

News Details

Ad-hoc | 10 February 2010 12:33

ProSiebenSat.1 Group Exceeds Earnings Expectations for Fiscal 2009

ProSiebenSat.1 Media AG / Preliminary Results/Final Results

10.02.2010 12:33

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ProSiebenSat.1 Group Exceeds Earnings Expectations for Fiscal 2009

Munich, February 10, 2010. According to preliminary figures for fiscal
2009, the ProSiebenSat.1 Group increased its operating profit for the year
and exceeded consensus estimates.

The Group's recurring EBITDA (EBITDA adjusted for non-recurring effects)
grew 3.3 percent in 2009 to reach EUR 696.5 million (2008: EUR 674.5
million; 2008 adjusted for CMore: EUR 656.8 million). The consolidated
profit for the year, after taxes and minority interests, was also above the
analysts' consensus, growing to EUR 144.5 million (2008: EUR -129.1
million; 2008 adjusted for CMore: EUR -119.1 million). Underlying net
income (the adjusted consolidated profit for the period after taxes and
minority interests) improved to EUR 184.8 million (2008: EUR 170.4 million;
2008 adjusted for CMore: EUR 149.1 million).

This positive performance resulted from higher advertising revenues in the
fourth quarter of 2009, especially in the Group's core market, Germany.
External revenues in the German-speaking Free TV segment were up 4.8
percent for the period from October to December 2009, to EUR 547.3 million
(Q4 2008: EUR 522.1 million). Consolidated revenues grew slightly to EUR
880.5 million (Q4 2008: EUR 876.8 million; Q4 2008 adjusted for CMore: EUR
864.6 million). The Group's recurring EBITDA improved against the same
quarter last year, to EUR 307.2 million (Q4 2008: EUR 279.3 million; Q4
2008 adjusted for CMore: EUR 282.8 million).

Revenues for the year were down, given the year's industry-wide decline in
advertising revenues, to EUR 2.761 billion (2008: EUR 3.054 billion; 2008
adjusted for CMore: EUR 2.922 billion). Net debt was down EUR 112 million
as of year's end, to EUR 3.295 billion (December 31, 2008: EUR 3.407
billion).

The Nordic Pay TV division CMore was deconsolidated in November 2008. CMore
was reported in the diversification segment until its deconsolidation. The
ProSiebenSat.1 Group will release its preliminary unaudited figures for
fiscal 2009 on March 4, 2010, as scheduled.

Julian Geist
Corporate Spokesman
ProSiebenSat.1 Media AG
Medienallee 7
D-85774 Unterföhring
Phone +49 [89] 95 07-11 51
Fax +49 [89] 95 07-911 51
E-mail:Julian.Geist@ProSiebenSat1.com
Press release online:
www.ProSiebenSat1.com

Julian Geist
Corporate Spokesman
ProSiebenSat.1 Media AG
Medienallee 7
D-85774 Unterföhring
Phone +49 [89] 95 07-11 51
Fax +49 [89] 95 07-911 51
E-mail:Julian.Geist@ProSiebenSat1.com
Press release online:
www.ProSiebenSat1.com

10.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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: julian.geist@ProSiebenSat1.com
Internet: www.prosiebensat1.com
ISIN: DE0007771172
WKN: 777117
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hannover, München, Hamburg, Stuttgart

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