Sunday , November 29 2020

Sales up: RTL Group sees your course



economy


A European media group based in Luxembourg: the German TV group RTL group has taken slightly less advertising.

A European media group based in Luxembourg: the German TV group RTL group has taken slightly less advertising.(Photo: © RTL Group)

Thursday, November 8, 2018

Thanks to the production branch and the digital industry, the media group RTL Group in the third quarter takes over more. But the lower limit is a bit smaller. But the company is on course throughout the year.

The European TV group RTL Group sees its annual goals within nine months. The company confirmed the expectation that sales throughout the year will increase by 2.5 to 5 percent, and operating income excluding special products will be stagnant.

In the third quarter, sales rose 3.6 percent to 1.4 billion euros, primarily due to good interests in the Fremantle production branch and digital operations. However, declining ad revenues in the German television branch resulted in a decline in the operating result (Ebitda) by 3.4 percent to EUR 254 million. Overall, RTL Group SA earned EUR 106 million at EUR 114 million in the same period last year.

The drop in profits was slowed down by the cash repaid by the Girondins de Bordeaux football club for the players' departure. Shortly before the French broadcaster RTL sold the club to the investor General American Capital Partners, striker Malcolm Filipe Silva de Oliveira moved to FC Barcelona.

Opponent RTL Prosiebensat1 completed part of his business forecast the previous night with quarterly results and announced a reorientation of his strategy. Investors then pulled a security brake. The shares of the media group collapsed by 15.9 percent. For the lowest in six years, by 17.38 euros, they were by far the largest loser in the index of small companies, MDax. "Quarterly data was broadly in line with expectations, but the dividend reduction and forecast change for 2018 are a negative surprise," wrote analyst Christoph Bast from Bankhaus Lampe.

Source: n-tv.de

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