ProSiebenSat.1 Media SE

Earnings Release • Feb 5, 2002

News Details

Ad-hoc | 5 February 2002 21:34

ProSiebenSat.1 Media AG english

ProSiebenSat.1 Group attains net income of EUR 68 million Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DISCLOSURE UNDER SEC.15 OF THE GERMAN SECURITIES TRADING ACT ProSiebenSat.1 Group attains net income of EUR 68 million Income for fiscal 2001 well above expectations Munich, February 5, 2002. According to its preliminary, unaudited financial statements, the ProSiebenSat.1 Group was able to attain consolidated net income of EUR 68 million in fiscal 2001. This represents a decline of 27 percent from 2000, which was a record year. Group income before taxes was EUR 106 million, compared with EUR 205 million in the previous year. Germany’s largest television corporation thus outperformed expectations for fiscal 2001. Consolidated revenues were at EUR 2.015 billion, down 6.5 percent from last year. However, in terms of net earnings, strict cost management made up for just under 30 percent of the revenue decline of EUR 140 million. Business development in 2001 was profoundly affected by the declining advertising market which until then had shown a continuous upward trend. In view of the strong decline in demand for television advertising, the ProSiebenSat.1 Group had anticipated consolidated income before taxes of EUR 90 million. The company continues to assume that net revenues for the German television advertising market declined by a total of seven to eight percent in the year 2001. The ProSiebenSat.1 Group expects to release its complete and audited statements for fiscal 2001 on February 26, 2002. Contact: Dr. Torsten Rossmann, Company spokesman, ProSiebenSat.1 Media AG Medienallee 7, D-85774 Unterföhring Phone: +49 89 95 07-11 80, Fax: +49 89 95 07-11 84 email: Torsten.Rossmann@ProSiebenSat1.com Press release online: http://www.ProSiebenSat1.com end of ad-hoc-announcement (c)DGAP 05.02.2002 ——————————————————————————– WKN: 777 117; ISIN: DE0007771172; Index: MDAX Listed: Amtlicher Handel in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 052134 Feb 02