Strong Quarterly Results for ProSiebenSat.1


MUNICH: Revenues for the ProSiebenSat.1 Group grew 12.7 percent in the first quarter, reaching 562.8 million euros ($738 million), with gains in all segments, but notably in digital. 

Operating profits (EBITDA) increased 4.7 percent, to 128 million euros ($168 million). Underlying net income was up by 23.8 percent, reaching 50.9 million euros ($66.7 million).

The group’s Broadcasting German-speaking segment grew by 4.7 percent, to 441 million euros ($578 million) with strong TV ad revenues. This segment accounts for around 78 percent of ProSiebenSat.1’s revenue.

The Digital & Adjacent segment—which includes online video, online games and ventures and commerce—was the largest driver of growth, seeing revenue increases of 43.9 percent. This area contributed 96.7 million euros ($127 million) in overall revenue.

The Content Production & Global Sales arena saw its revenues almost double year on year. Red Arrow Entertainment delivered revenues of 25.1 million euros ($33 million).

Looking ahead, for the full year the group is forecasting mid-single-digit percentage revenue growth and an EBITDA for continuing operations of more than 744.8 million euros ($976 million).

Thomas Ebeling, the CEO of ProSiebenSat.1 Media, said: "We are very pleased with our start into the financial year. All segments grew in the first quarter of 2013, and our Digital & Adjacent business is continuing to develop very dynamically. We are also making very good progress towards our long-term goals. We have already achieved 61 percent of the additional revenue growth we aim to generate between 2010 and 2015. Against the backdrop of this strong performance, we have identified additional revenue growth potential of more than EUR 150 million by 2015 for our Digital & Adjacent segment. We are further strengthening the integration of our TV and digital areas at full speed, offering huge potential for success to us. As the number one in the German-speaking free TV market, we reach millions of people every day through our television stations. We are using this reach consistently to establish new business areas and products, and we therefore have very good prospects for long-term growth."