ProSiebenSat.1 Sets New Financial Targets for 2018

MUNICH: ProSiebenSat.1 Group has set 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 1.85 billion euros ($2.11 billion) to around 4.2 billion euros ($4.8 billion) compared to 2012. Initially, an increase of 1 billion euros ($1.14 billion) to almost 3.4 billion euros ($3.9 billion) by 2018 was targeted.

All segments are expected to contribute to this revenue performance. For the broadcasting German-speaking segment, the revenue growth target has been increased from 300 million euros ($343 million) to 375 million euros ($429 million); for digital and adjacent, from 600 million euros ($686 million) to 1.2 billion euros ($1.4 billion); and for content production and global sales, from 100 million euros ($114 million) to 275 million euros ($314 million).

The group is expected to 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 1.5 billion euros ($1.7 billion) in 2018

Thomas Ebeling, the CEO of ProSiebenSat.1 Media, said: "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."

Dr. Gunnar Wiedenfels, the CFO of ProSiebenSat.1, added: "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."