ProSiebenSat. Reports Double-Digit Revenue and Earnings Grow in the First Quarter of 07
11/05/2017
Revenues increase by 13 % to EUR 910 million
Adjusted EBITDA rises by 10 % to EUR 188 million
Adjusted net income grows 10 % to EUR 88 million
ProSiebenSat.1 confirms positive revenue and earnings outlook for 2017
Munich, May 11, 2017. ProSiebenSat.1 Group has started the year 2017 with revenue growth of 13 % to EUR 910 million (previous year: EUR 802 million). At the same time, the Group further increased its relevant earnings figures significantly: Adjusted EBITDA grew by 10 % to EUR 188 million in the first quarter of 2017 (previous year: EUR 170 million), while adjusted net income rose by 10 % to EUR 88 million (previous year: EUR 80 million).
The Digital Ventures & Commerce segment substantially contributed to this profitable and dynamic growth. The segment is growing organically and is benefiting from recent acquisitions. Organic growth of the two digital segments combined amounted to 14 %. In total, ProSiebenSat.1 already generated 50 % of its revenues outside the TV advertising business as of the end of the quarter (previous year: 43 %) and has already achieved about 70 % of its medium-term revenue growth target for the end of 2018.
Thomas Ebeling, CEO of ProSiebenSat.1 Media SE: Weve started well into 2017. The most important growth driver is our commerce portfolio, which has accelerated our revenue growth and sustainably strengthened the earnings base of the Group. Today, we are already generating a significant share of our revenues with new and digital business models. We are well on track to achieve our revenue and profitability targets for 2018.
Broadcasting German-speaking segment grows solidly
External revenues in the Broadcasting German-speaking segment increased by 2 % to EUR 502 million in the first quarter of 2017 (previous year: EUR 493 million). This positive revenue development was in particular driven by increased distribution revenues. As expected, TV advertising revenues were stable and thus developed slightly above market. Adjusted EBITDA increased by 4 % to EUR 137 million (previous year: EUR 132 million).
Online video business strengthens revenue growth in the Digital Entertainment segment
The most important revenue driver in the Digital Entertainment segment was once again the online video business. While revenues in this strategically relevant business developed dynamically, revenues in the Adjacent business declined. The deconsolidation of the Games business at the end of the second quarter of 2016 also affected the segment growth rate. In this context, external revenues increased by 2 % overall to EUR 97 million (previous year: EUR 95 million). Adjusted EBITDA decreased to minus EUR 2 million (previous year: EUR 0 million). Revenues grew organically by 12 % in this segment.
Digital Ventures & Commerce segment drives growth
External revenues in the Digital Ventures & Commerce segment grew again significantly and totaled EUR 229 million in the first quarter of 2017 (previous year: EUR 150 million). That represents an increase of 53 %. Acquisitions are an important element of the commerce strategy to complement the existing portfolio with value accretive assets. The online dating business with Parship and ElitePartner, which has been fully consolidated since October 2016, made the largest contribution to growth in the first quarter of 2017. Revenue growth of various commerce platforms, and in particular the Lifestyle vertical, had a positive impact on organic growth. Adjusted EBITDA increased by 26 % in total to EUR 47 million (previous year: EUR 37 million).
Content Production & Global Sales segment further increases profitability
In the Content Production & Global Sales segment, external revenues grew by 24 % to EUR 78 million (previous year: EUR 63 million). At the same time, adjusted EBITDA almost doubled, rising by 88 % to EUR 9 million (previous year: EUR 5 million). Revenue growth in the segment was largely organic in the first quarter of 2017, with both the global sales business and production companies in the US performing well.
Adjusted EBITDA for the Group increases by 10 %
Reconciling items included in costs amounted to EUR 25 million in the first quarter of 2017 (previous year: EUR 9 million); these included reorganization expenses related to the purchase of the ATV broadcasting group. Therefore, EBITDA increased only slightly to EUR 163 million (previous year: EUR 162 million). Adjusted EBITDA (adjusted for reconciling items) grew significantly by 10 % or EUR 18 million to EUR 188 million.
Group continues sustainable financing and dividend policy
ProSiebenSat.1 follows specific investment criteria for acquisitions and pursues a sustainable financing policy with a leverage ratio between 1.5 and 2.5. At the end of the first quarter, net financial debt amounted to EUR 1,889 million (December 31, 2016: EUR 1,913 million), resulting in a leverage ratio of 1.8 well within the target range (December 31, 2016: 1.9). Cash and cash equivalents increased to EUR 1,296 million, compared to EUR 1,271 million as of December 31, 2016.
The Group also continues its earnings-oriented dividend policy. As announced in March, ProSiebenSat.1 will therefore propose a dividend increase to EUR 1.90 per share for 2016 (previous year: EUR 1.80) at the Annual General Meeting. This represents a total dividend payout of EUR 435 million. Concurrently, the Company increased its underlying earnings per share for 2016 to EUR 2.37 (previous year: EUR 2.18).
ProSiebenSat.1 confirms positive revenue and earnings outlook for 2017
Following a good first quarter of 2017, ProSiebenSat.1 remains confident that it will achieve significant growth for the full year as well and thus confirms its positive outlook for the Group and its segments, while slightly adjusting its estimate
LINK: | http://en.prosiebensat1.com/en/press/prosiebensat-1-reports-double-dig... |
See more stories from prosie |
Most recent headlines
04/08/2024
Dalet Appoints Santiago Solanas as CEO to Lead Next Era of Growth and Innovation
Dalet, a leading technology and service provider for media-rich organizations, is excited to announce Santiago Solanas as its new Chief Executive Officer (CEO)....
03/06/2024
Dalet and Veritone Reach Agreement to Distribute, Transact and Monetize Media Archives
Dalet, a leading technology and service provider for media-rich organizations, a...
15/05/2024
UKTV Ventures partners with The Farewell Guide in 1million airtime-for-equity deal
12th March 2024 - Award-winning broadcaster UKTV has today announced it has inve...
15/05/2024
Give Me the Backstory: Get to Know Jianjie Lin, the Writer-Director Behind Brief History of a Family
By Bailey Pennick One of the most exciting things about the Sundance Film Festi...
15/05/2024
De viktigaste insikterna frn Spotifys rliga Loud & Clear-rapport
Med sin rliga royaltyrapport Loud & Clear kar Spotify transparensen i musikindustrin, s att artister, l tskrivare, fans och hela musikbranschen f r en st rre...
15/05/2024
Chegaram as ltimas estatsticas: Artistas brasileiros geraram mais receita e alcanaram mais fs no Spotify - basta perguntar Anitta
Nos ltimos 10 a 15 anos, a mudan a para o streaming de udio transformou comple...
15/05/2024
The Latest Stats Are In: Brazilian Artists Generated More Revenue and Reached More Fans on Spotify-Just Ask Anitta
Over the last 10-15 years, the move toward streaming audio has completely transf...
15/05/2024
Celebrating 80 years of success in Morganton
On May 15th, we celebrate the 80th anniversary of the SGL Carbon site in Morganton, North Carolina. The entire SGL Morganton family came together to celebrate t...
15/05/2024
SBS Audio marketing campaign tells the stories of new Australians, with multilingual content offerings to assist migrants
SBS Audio marketing campaign tells the stories of new Australians, with multilin...
15/05/2024
ST Engineering iDirect's SKYflow Wins 2024 NAB Show Product of The Year Award
The pioneering satellite OTT solution clinched the Hardware Infrastructure award...
15/05/2024
L3Harris CEO to Present at Bernstein Annual Strategic Decisions Conference
MELBOURNE, Fla., May 15, 2024 - L3Harris Technologies (NYSE:LHX) Chair and CEO Christopher E. Kubasik will present at the Bernstein Annual Strategic Decisions C...
15/05/2024
Netflix to Stream Live Christmas Day NFL Games
In a major example of how large streaming services are successfully battling for lucrative sports rights, Netflix has announced that it has secured global right...
15/05/2024
NAB Show: Creative Lens on Live Sports
LAS VEGAS The premise of the 2024 NAB Shows Creative Lens on Live Sports: Next Gen Video Production and Fan Experiences session was very simple to understand if...
15/05/2024
ATEME Integrates Advanced HDR by Technicolor into TITAN Encoders
SILVER SPRINGS, Md. Encoder specialist ATEME has integrated Advanced HDR by Technicolor into its TITAN video compression solution, Technicolor said today....
15/05/2024
Berklee Artists to Perform at Major US Music Festivals this Summer and Fall
Berklee Artists to Perform at Major US Music Festivals this Summer and Fall The Berklee Popular Music Institute arranged placements at top festivals including...
15/05/2024
ABC Sets The Golden Bachelorette' for Fall Schedule
ABC shared its 2024-2025 fall schedule hours before the Disney upfront presentation Tuesday, May 14. There's The Golden Bachelorette, a new Ryan Murphy show...
15/05/2024
Alicia Keys Kicks Off Amazon Upfront Show, Reese Witherspoon Wraps It Up
Amazon's first-ever upfront presentation, at Pier 36 in Lower Manhattan, got a late start due to its remote location. But the energy spiked when Alicia Keys...
15/05/2024
Disney Upfront Welcomes Back Bob Iger and Jimmy Kimmel
The Walt Disney Co.'s upfront presentation went on with a connections theme, and Bob Iger himself appeared onstage moments after it began. Emma Stone introd...
15/05/2024
Hulu's Under the Bridge' Tops TVision Power Score Rankings
Hulu's Under the Bridge moved up to take the top spot in TVision's Power Score rankings of the top shows on connected TV for the week of May 6....
15/05/2024
The CW Gets Rights to 11 PAC-12 Football Games
BURBANK, Calif. The CW Network has announced it will be the broadcast home for 11 Pac-12 football games featuring Oregon State and Washington State during the u...
15/05/2024
Nielsen: Disney Is Top Media Distributor with 11.5% of TV Usage
NEW YORK Disney has landed on top of Nielsens newly launched Media Distributor Gauge, which offers its first cross-platform view of total TV consumption across ...
15/05/2024
Max Sets a May 21 Streaming Debut for 'Dune: Part Two
Warner Bros. Discoverys Max streaming services has finally set a launch date for Dune: Part Two with the announcement that the film will begin streaming on Thur...
15/05/2024
FCC Establishes Spectrum Steering Team
WASHINGTON, D.C. FCC Chairwoman Jessica Rosenworcel has announced the establishment of the Spectrum Steering Team that will lead the FCC's efforts to develo...
15/05/2024
Gary Heelas joins TSL as principal engineer
TSL said the appointment marks a strategic enhancement in the companys commitment to focusing on UK and US-designed and manufactured solutions By Jenny Priestl...
15/05/2024
Is Sony about to pull out of its bid for Paramount?
Sony and Apollo may decide to acquire Shari Redstone's National Amusements, which is the controlling shareholder of Paramount Global By Jenny Priestley P...
15/05/2024
Presteigne Broadcast Hire enters administration
The company appointed administrators yesterday (May 14th) By Jenny Priestley Published: May 15, 2024 The company appointed administrators yesterday (May 1...
15/05/2024
Matrox Video Demos at InfoComm 2024 Will Showcase New AVo...
Technology innovator Matrox Video today announced that the company will highlight its leading AV-over-IP (AVoIP) technologies including the brand-new, next-g...
15/05/2024
RMi Amplifies Connectivity and Clarity at Major 2024 Musi...
Riedel Communications today announced its pivotal role in bringing unparalleled audio clarity and connectivity to one of the U.S.'s biggest 2024 music and a...
15/05/2024
Chyron Unveils Significant Updates to Chyron LIVE Cloud P...
Chyron today released a series of significant updates to its Chyron LIVE cloud-native live production platform that were demonstrated at the 2024 NAB Show in La...
15/05/2024
VisualOn to Showcase Revolutionary Optimizer Content-Awar...
VisualOn, a leader in video software technology, is set to unveil its groundbreaking Optimizer suite at Broadcast Asia 2024. The unveiling will take place in th...
15/05/2024
StreamVue announce exclusive parnership with DigiBox
StreamVue, one of the global leaders in IPTV and digital signage solutions is excited to announce an exclusive distribution partnership with DigiBox, one of the...
15/05/2024
Vega Project Uses Blackmagic Design Workflow for XR Studio in Hilton Tokyo
Vega Project Uses Blackmagic Design Workflow for XR Studio in Hilton Tokyo Brie Clayton May 14, 2024 0 Comments Blackmagic Design announced today that...
15/05/2024
Chaos Releases V-Ray 6 Benchmark
Chaos Releases V-Ray 6 Benchmark Brie Clayton May 14, 2024 0 Comments Popular Rendering Benchmark Brings Back CPU/GPU Stats in a Minute; New Benchmark...
15/05/2024
Rose City Futsal Sets New Standard for Community Sports Venues with AI-Automated Sports Production & Streaming Solution
Rose City Futsal Sets New Standard for Community Sports Venues with AI-Automated...
15/05/2024
That Station Artist Notes Series Returns This Summer
Artist Notes is back! Join That Station this summer for the conversation and concert series where you get to hear an artist on stage to not only play music, but...
15/05/2024
Assembling Disney's Upfront: It Takes More Than Magic (Video)
A lot goes into making The Walt Disney Co.'s upfront presentation....
15/05/2024
Madhive Names Premion Founder Jim Wilson President
Madhive, which provides technology for local connected TV advertising, said that it named Jim Wilson as president....
15/05/2024
Amazon Prime Video Swings With Nicholas Cage Spider-Man Series
At its first upfront presentation to advertisers, Amazon Prime Video announced new series and renewed some of its hits....
15/05/2024
Nielsen Crowns Disney in New Ranking of Media Distributors
Nielsen released a new ranking of companies in the media distribution business, including broadcast, cable and streaming, and The Walt Disney Co. was at the top...
15/05/2024
Latin Culture Is Key at TelevisaUnivision Upfront
TelevisaUnivision told advertisers at its upfront presentation Tuesday about more ways they can connect with Latin culture, including through music and live eve...
15/05/2024
VEON Publishes Annual Corporate Governance Report for Financial Year 2023
15 May 2024 VEON Publishes Annual Corporate Governance Report for Financial Year 2023 Amsterdam, 15 May 2024 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEO...
15/05/2024
VEON and Beeline Kazakhstan Partner with GSMA and Barcelona Supercomputing Centre to Support Use of AI in Local Languages
15 May 2024 VEON and Beeline Kazakhstan Partner with GSMA and Barcelona Superco...
15/05/2024
TRIBECA FESTIVAL AND CHANEL HOST THROUGH HER LENS CONVERSATION, JUNE 7 AT CROSBY HOTEL
May 15th, 2024 Press Materials Available Here TRIBECA FESTIVAL AND CHANEL HOST...
15/05/2024
Thuraya unveils groundbreaking next generation IP NEO terminal developed in collaboration with Cobham Satcom
Abu Dhabi, 15 May, 2024 : IP NEO is a Thuraya 4-ready lightweight portable sate...
15/05/2024
Thuraya unveils groundbreaking next generation IP NEO terminal developed in collaboration ...
Abu Dhabi, 15 May, 2024 : IP NEO is a Thuraya 4-ready lightweight portable sate...
15/05/2024
MAGYAR TELEKOM RESULTS FOR THE FIRST QUARTER OF 2024
MAGYAR TELEKOM RESULTS FOR THE FIRST QUARTER OF 2024 Budapest, May 15, 2024 17:35 Magyar Telekom today reported its consolidated financial results for the...
15/05/2024
Tech Focus: Production Music, Part 1: Changes Come to the Sports Sector
Tech Focus: Production Music, Part 1: Changes Come to the Sports Sector Spurring the changes are increased custom-music demand, RSN turmoil, legal issues, AI B...
15/05/2024
SVG Sit-Down: Diversified's Justo Gutierrez Explores the Evolution of Sound for Sports Venues
SVG Sit-Down: Diversified's Justo Gutierrez Explores the Evolution of Sound ...
15/05/2024
SVG Sit-Down: Audiotonix' CEO James Gordon on Utilizing the Company's Brands for Smart Investment
New deal: Audiotonix' CEO James Gordon on utilising the company's brands...
15/05/2024
Commentary Revolution: DAZN's Technical Production Manager Max Mosgraber Talks Doing More With Less
Commentary revolution: DAZN's technical production manager Max Mosgraber tal...