ProSiebenSat. raises 08 revenue grow target from EUR billion to EUR .85 billion

ProSiebenSat.1 raises 2018 revenue growth target from EUR 1 billion to EUR 1.85 billion Revenues expected to rise by EUR 1.85 billion to EUR 4.2 billion compared to 2012

Recurring EBITDA increase to EUR 1.1 billion in 2018 planned

All segments with higher growth contribution

Revenues outside TV advertising business to rise to 50%

Ventures & Commerce remains the strongest growth driver

Dividend policy and financial leverage target confirmed

Munich, October 15, 2015. At todays Capital Markets Day, ProSiebenSat.1 Group will announce new financial targets for 2018, as the company is growing faster than originally planned in all segments. ProSiebenSat.1 aims to increase its revenues by EUR 1.85 billion to around EUR 4.2 billion compared to 2012. Initially, an increase of EUR 1 billion to almost EUR 3.4 billion by 2018 was targeted. All segments will contribute to this dynamic revenue performance. For the Broadcasting German-speaking segment the revenue growth target has been increased from EUR 300 million to EUR 375 million, for Digital & Adjacent from EUR 600 million to EUR 1.2 billion, and, for Content Production & Global Sales from EUR 100 million to EUR 275 million.

The Group will thereby diversify its revenue base further and generate around 50 percent of its revenues outside the traditional TV advertising business by 2018. The digital business is expected to contribute revenues of more than EUR 1.5 billion in 2018 where the highest share of growth will once again be generated by its Ventures & Commerce business. At the same time, ProSiebenSat.1 will benefit from recent acquisitions, such as the pan-European online travel agent for flights etraveli.com and the comparison portal Verivox.

Recurring EBITDA is expected to rise by EUR 350 million to about EUR 1.1 billion in the same period. This is a reflection of further earnings growth of the Broadcasting German-speaking segment at stable, superior margins as well as significantly higher earnings contributions from Digital & Adjacent and Content Production & Global Sales. ProSiebenSat.1 had previously forecast a Group recurring EBITDA increase of between EUR 200 million and EUR 250 million compared to 2012.

Thomas Ebeling, CEO of ProSiebenSat.1 Media SE: ProSiebenSat.1 is growing faster than planned in all segments, therefore we are raising our financial targets for 2018 significantly. Over the next few years, we will extend our lead in the free TV market further and leverage the synergies with the digital business even more consistently. In the digital sector, we will focus on establishing leading national and international e-commerce and entertainment platforms. At the same time, we will accelerate our growth through attractive investments in order to sustainably increase the value of the ProSiebenSat.1 Group.

ProSiebenSat.1 maintains earnings-oriented dividend policy

The Group will strive for a steady improvement of its operating earnings and underlying net income. It will use the resulting free cash flow for strategic growth investments and lets shareholders participate in the companys success.

Dr. Gunnar Wiedenfels, CFO of ProSiebenSat.1 SE: ProSiebenSat.1 is continuing to develop dynamically. We want to keep offering our investors both growth and a high degree of reliability in the future, too. This includes maintaining our shareholder-friendly dividend policy by distributing 80 to 90 percent of underlying net income. The revenue and earnings growth targeted for 2018 is going to create significant added value for our investors.

In addition, ProSiebenSat.1 confirms a financial leverage target range of 1.5 to 2.5 times based on the ratio of net financial debt to LTM recurring EBITDA and will therefore maintain a solid balance sheet structure.

From 11am CET, you can follow all Capital Markets Day 2015 presentations live and download the presentation material from the Investor Relations section of our website www.ProSiebenSat1.com.

LINK:	http://en.prosiebensat1.com/en/newsroom/press-releases/press-lounge/pr...
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